Russell Investments Group Ltd. Increases Stake in ESAB Co on May 15, 2023
May 17, 2023
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ESAB CORP ($NYSE:ESAB) is a global leader in the manufacturing and distribution of welding and cutting products, consumables, and automation solutions. On May 15, 2023, ESAB Co. was informed by Russell Investments Group Ltd. that their stake had been increased. This is a significant development for the company as it displays the increasing confidence in the brand amongst investors. With the increase in stake from Russell Investments Group Ltd., ESAB Co. is well-positioned to continue its growth and success in the industry. The increase in stake is also a testament to the company’s commitment to providing world-class products and services.
In addition to the latest increase, ESAB Co. has seen increased investments from other global investors over the past few years. This further reinforces their commitment to excellence and innovation. The increased stake from Russell Investments Group Ltd. further underlines the confidence that investors have in the ESAB brand and its potential for continued success and growth. With this new development, ESAB Co. is well-positioned to leverage its strong presence in the industry and continue to provide innovative solutions to its customers.
Stock Price
The company’s stock opened at $60.0 and closed at $60.6, indicating an increase of 0.9% from the previous closing price of $60.0. This news caused a significant boost in the stock price, as investors were confident in ESAB CORP‘s future growth prospects. Furthermore, the move signified a strong vote of confidence from Russell Investments Group Ltd., who is now one of the largest shareholders in ESAB CORP. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Esab Corp. More…
| Total Revenues | Net Income | Net Margin |
| 2.63k | 200.21 | 8.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Esab Corp. More…
| Operations | Investing | Financing |
| 236.34 | -207.01 | 0.61 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Esab Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.85k | 2.39k | 23.58 |
Key Ratios Snapshot
Some of the financial key ratios for Esab Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.9% | 12.8% | 13.8% |
| FCF Margin | ROE | ROA |
| 7.4% | 16.4% | 5.9% |
Analysis
At GoodWhale, we performed an analysis of ESAB CORP‘s fundamentals and found that it is a medium risk investment in terms of financial and business aspects. Upon further inspection of the balance sheet, we detected 1 risk warnings. If you would like to find out more about this warning, please register as a user on our website. We offer detailed analysis and reports that can help you make educated decisions when investing in ESAB CORP. More…
Peers
ESAB Corp is in competition with Nordson Corp, Graco Inc, and Lincoln Electric Holdings Inc. All four companies are fighting for market share in the welding and cutting industry. ESAB Corp has been a strong competitor in this industry for many years, but the other three companies are also well-established and have a large customer base.
– Nordson Corp ($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
Russell Investments Group Ltd. recently increased their stake in ESAB Corp, showing a vote of confidence in the company’s potential. Analysts suggest that the move was made due to ESAB Corp’s solid fundamentals – their strong balance sheet, positive cash flows, and low debt-to-equity ratio. Furthermore, the company has seen steady growth in revenues over the last few quarters, and looks to benefit further from the current economic climate.
Analysts expect that the company’s share price will continue to rise as they remain well-positioned to benefit from the economic recovery. Investors should take this opportunity to make an informed decision and consider investing in ESAB Corp.
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