Massachusetts Financial Services Co. MA Has $31.18 Million Stock Holdings in ESAB Corporation $ESAB

Massachusetts Financial Services Co. MA lifted its position in shares of ESAB Corporation (NYSE:ESAB) by 18.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 278,999 shares of the company’s stock after purchasing an additional 43,142 shares during the period. Massachusetts Financial Services Co. MA’s holdings in ESAB were worth $31,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in ESAB by 109.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock valued at $40,000 after buying an additional 174 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in ESAB during the 2nd quarter worth approximately $59,000. Farther Finance Advisors LLC increased its position in ESAB by 60.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $75,000 after acquiring an additional 252 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of ESAB by 183.4% during the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the company’s stock valued at $117,000 after acquiring an additional 629 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of ESAB by 22.7% during the third quarter. Asset Management One Co. Ltd. now owns 1,080 shares of the company’s stock valued at $121,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.

ESAB Stock Up 1.3%

Shares of NYSE:ESAB opened at $121.44 on Friday. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of 30.59, a P/E/G ratio of 2.09 and a beta of 1.24. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.99 and a quick ratio of 1.24. The business’s 50-day moving average is $113.75 and its 200-day moving average is $116.64. ESAB Corporation has a 1 year low of $100.17 and a 1 year high of $135.84.

ESAB (NYSE:ESAB) last released its earnings results on Wednesday, October 29th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.27 by $0.05. The business had revenue of $727.85 million during the quarter, compared to analysts’ expectations of $663.57 million. ESAB had a return on equity of 15.93% and a net margin of 8.70%.The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 earnings per share. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. Equities research analysts predict that ESAB Corporation will post 5.16 earnings per share for the current year.

ESAB Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st were paid a $0.10 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. ESAB’s payout ratio is currently 10.08%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of ESAB from $141.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ESAB in a report on Monday, December 29th. UBS Group increased their price target on ESAB from $147.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Wall Street Zen lowered ESAB from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Finally, JPMorgan Chase & Co. reduced their target price on ESAB from $140.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.25.

ESAB Company Profile

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.