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

Massachusetts Financial Services Co. MA increased its holdings in shares of ESAB Corporation (NYSE:ESAB - Free Report) by 18.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 278,999 shares of the company's stock after acquiring an additional 43,142 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.46% of ESAB worth $31,175,000 as of its most recent filing with the SEC.Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of ESAB by 109.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company's stock worth $40,000 after purchasing an additional 174 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in ESAB during the second quarter worth approximately $59,000. Farther Finance Advisors LLC increased its stake in ESAB by 60.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock worth $75,000 after acquiring an additional 252 shares during the period. EverSource Wealth Advisors LLC raised its holdings in ESAB by 183.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the company's stock valued at $117,000 after acquiring an additional 629 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of ESAB by 22.7% during the 3rd 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 period. Institutional investors own 91.13% of the company's stock. ESAB Trading Up 1.3%ESAB opened at $121.44 on Friday. The company has a market cap of $7.37 billion, a P/E ratio of 30.59, a PEG ratio of 2.09 and a beta of 1.24. The company has a current ratio of 1.99, a quick ratio of 1.24 and a debt-to-equity ratio of 0.62. The company'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 - Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.05. ESAB had a net margin of 8.70% and a return on equity of 15.93%. The business had revenue of $727.85 million during the quarter, compared to analysts' expectations of $663.57 million. During the same period in the prior year, the company earned $1.25 EPS. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. 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 fiscal year. ESAB Dividend AnnouncementThe company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, December 31st. ESAB's dividend payout ratio is presently 10.08%. Analyst Upgrades and DowngradesA number of research analysts recently commented on the company. Stifel Nicolaus raised their price target on ESAB from $141.00 to $143.00 and gave the stock a "buy" rating in a research report on Tuesday, December 16th. JPMorgan Chase & Co. reduced their price objective on shares of ESAB from $140.00 to $138.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 14th. Weiss Ratings restated a "hold (c+)" rating on shares of ESAB in a research report on Monday, December 29th. Wall Street Zen lowered shares of ESAB from a "buy" rating to a "hold" rating in a research report on Sunday, December 28th. Finally, UBS Group lifted their price objective on shares of ESAB from $147.00 to $149.00 and gave the company a "buy" rating in a research note on Monday, October 20th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $141.25.View Our Latest Stock Analysis on ESABESAB Company Profile (Free Report)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.See AlsoFive stocks we like better than ESABElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthDo not delete, read immediatelyNEW LAW: Congress Approves Setup For Digital Dollar?Executive Order 14330: Trump’s Biggest YetWant to see what other hedge funds are holding ESAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ESAB Corporation (NYSE:ESAB - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in ESAB Right Now?Before you consider ESAB, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ESAB wasn't on the list.While ESAB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here