Citigroup Reduces Stake in ESAB Co.
June 10, 2023
🌥️Trending News
Recently, Citigroup Inc. has been making changes to its portfolio by reducing its stake in ESAB ($NYSE:ESAB) Co. by selling a portion of its shares. ESAB Co. is an international manufacturer and supplier of welding and cutting products and services. They are known for their reliable, durable, and quality products that have been used in some of the world’s most iconic projects, such as the Statue of Liberty and the Hoover Dam. ESAB continues to be one of the top companies in the welding industry, providing customers with cutting-edge technology and products. Their commitment to quality and safety has earned them numerous industry awards and certifications.
Additionally, ESAB’s sustainability initiatives have made them a leader in corporate responsibility. Despite the recent changes in Citigroup’s ownership stake, ESAB is well positioned to continue to be a global leader in welding and cutting solutions. With their dedication to quality products and corporate responsibility standards, their future remains bright.
Share Price
On Thursday, Citigroup Inc. reduced its stake in ESAB CORP, a global welding and cutting equipment company. The stock opened at $64.8 and closed at $64.9, down by 0.5% from the prior closing price of 65.2. The news of the stake reduction had little effect on the stock price and investor sentiment.
Investors remain hopeful that the company will continue to perform well in the near future. ESAB CORP has a strong portfolio of products, and analysts believe that its core business should remain resilient despite market conditions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Esab Corp. More…
| Total Revenues | Net Income | Net Margin |
| 2.63k | 200.21 | 8.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Esab Corp. More…
| Operations | Investing | Financing |
| 236.34 | -207.01 | 0.61 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Esab Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.85k | 2.39k | 23.58 |
Key Ratios Snapshot
Some of the financial key ratios for Esab Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.9% | 12.8% | 13.8% |
| FCF Margin | ROE | ROA |
| 7.4% | 16.4% | 5.9% |
Analysis
At GoodWhale, we conducted an analysis of ESAB CORP‘s wellbeing. Based on our Risk Rating, we determined that ESAB CORP is a medium risk investment in terms of financial and business aspects. We detected one risk warnings in balance sheet. To get the full report, please register on goodwhale.com. Our report will provide a comprehensive overview of ESAB CORP’s financial wellbeing, including detailed information on liquidity, profitability, and solvency. We also provide the latest news and trends in the industry to ensure that you have the most up-to-date information. With our help, you can make informed decisions about your investments with confidence. More…
Peers
ESAB Corp is in competition with Nordson Corp, Graco Inc, and Lincoln Electric Holdings Inc. All four companies are fighting for market share in the welding and cutting industry. ESAB Corp has been a strong competitor in this industry for many years, but the other three companies are also well-established and have a large customer base.
– Nordson Corp ($NASDAQ:NDSN)
Nordson Corporation is a publicly traded company with a market capitalization of $12.47 billion as of 2022. The company has a return on equity of 18.05%. Nordson Corporation is engaged in the design, manufacture and sale of engineered products and solutions for industrial and commercial customers worldwide. The company’s product portfolio includes equipment and solutions for the application of adhesives, coatings, Sealants, elastomers and biomaterials; and advanced technology products for the electronics, semiconductor, medical device and packaging industries. Nordson Corporation is headquartered in Westlake, Ohio, United States.
– Graco Inc ($NYSE:GGG)
Graco Inc is a publicly traded company with a market capitalization of $11.44 billion as of 2022. The company has a return on equity of 19.47%. Graco Inc is a leading manufacturer of fluid handling equipment and systems for a variety of applications. The company’s products are used in a wide range of industries, including automotive, construction, food and beverage, and chemical processing.
– Lincoln Electric Holdings Inc ($NASDAQ:LECO)
Lincoln Electric Holdings Inc. is an American multinational and a leading global manufacturer of welding products, arc welding systems, robotic welding systems, plasma and oxy-fuel cutting equipment. The company operates in four segments: Americas Welding, International Welding, Harris Products Group, and Lincoln Consolidated. The company has a market cap of $8.13B and a ROE of 37.76%.
Summary
Investing in ESAB CORP can be a rewarding endeavor for savvy investors. Recently, Citigroup Inc. reduced its stake in the company, indicating that it is a good time to buy. Analysts have noted that ESAB CORP has a strong balance sheet and solid cash flow, making the company attractive over the long-term.
Additionally, its dividend yield has increased over the past year, signaling positive investor sentiment. Furthermore, the company has a diverse product portfolio and operates in multiple markets, providing investors with a diversified investment opportunity. All of these factors indicate that investors should do their own research and consider investing in ESAB CORP for strong returns over the long-term.
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