Oak Family Advisors LLC Has $3.26 Million Stock Holdings in ESAB Co. (NYSE:ESAB)

Oak Family Advisors LLC lessened its holdings in ESAB Co. (NYSE:ESAB) by 34.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,211 shares of the company’s stock after selling 14,094 shares during the quarter. ESAB accounts for approximately 1.2% of Oak Family Advisors LLC’s investment portfolio, making the stock its 27th biggest position. Oak Family Advisors LLC’s holdings in ESAB were worth $3,264,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ESAB. ORG Wealth Partners LLC acquired a new stake in shares of ESAB during the 4th quarter valued at $34,000. Trust Co. of Vermont boosted its holdings in shares of ESAB by 871.0% during the 4th quarter. Trust Co. of Vermont now owns 301 shares of the company’s stock valued at $36,000 after acquiring an additional 270 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of ESAB by 55.9% during the 3rd quarter. GAMMA Investing LLC now owns 410 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of ESAB by 12,140.0% during the 3rd quarter. Quest Partners LLC now owns 612 shares of the company’s stock valued at $65,000 after acquiring an additional 607 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of ESAB by 629.8% during the 3rd quarter. Blue Trust Inc. now owns 613 shares of the company’s stock valued at $65,000 after acquiring an additional 529 shares in the last quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.

Analyst Upgrades and Downgrades

ESAB has been the topic of several recent research reports. Oppenheimer reissued an “outperform” rating and set a $144.00 price objective (up previously from $138.00) on shares of ESAB in a report on Friday, November 8th. Evercore ISI lowered ESAB from an “in-line” rating to an “underperform” rating and raised their target price for the stock from $102.00 to $122.00 in a research report on Wednesday, November 13th. Jefferies Financial Group started coverage on ESAB in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. Loop Capital raised their target price on ESAB from $105.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus raised their target price on ESAB from $130.00 to $131.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $133.57.

ESAB Stock Performance

ESAB stock opened at $124.12 on Monday. The stock has a 50-day moving average price of $123.99 and a 200-day moving average price of $113.14. ESAB Co. has a 1-year low of $85.79 and a 1-year high of $135.97. The company has a current ratio of 1.92, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The firm has a market cap of $7.50 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 1.99 and a beta of 1.36.

ESAB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Tuesday, December 31st. ESAB’s dividend payout ratio (DPR) is presently 7.49%.

ESAB Company Profile

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips.