ESAB Corporation (ESAB) – What Are Analysts Saying About This Stock?

Shares of ESAB Corporation (NYSE:ESAB) have been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $118.67.

A number of brokerages recently commented on ESAB. JPMorgan Chase & Co. dropped their price target on ESAB from $125.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th. Oppenheimer decreased their target price on shares of ESAB from $135.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 21st. Weiss Ratings lowered shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Roth Capital restated a “buy” rating and set a $133.00 target price (down from $151.00) on shares of ESAB in a research report on Tuesday, September 15th. Finally, Stifel Nicolaus set a $114.00 target price on ESAB in a research note on Monday, October 19th.

ESAB Stock Performance

Shares of NYSE ESAB opened at $69.55 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.96. The company has a market cap of $4.32 billion, a P/E ratio of 24.93, a P/E/G ratio of 1.11 and a beta of 1.17. The firm’s fifty day moving average is $70.11 and its two-hundred day moving average is $93.57. ESAB has a 52-week low of $62.74 and a 52-week high of $137.42.

ESAB (NYSE:ESAB) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.04). The company had revenue of $807.63 million during the quarter, compared to analysts’ expectations of $755.64 million. ESAB had a return on equity of 14.48% and a net margin of 5.75%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 EPS. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. As a group, analysts anticipate that ESAB will post 5.40 EPS for the current fiscal year.

ESAB Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 2nd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, October 2nd. ESAB’s payout ratio is 17.20%.

Insider Transactions at ESAB

In related news, Director Rhonda L. Jordan sold 1,000 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. Following the completion of the transaction, the director directly owned 1,000 shares of the company’s stock, valued at approximately $95,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.20% of the company’s stock.

Institutional Trading of ESAB

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in ESAB during the second quarter worth $524,533,000. Cooke & Bieler LP lifted its stake in shares of ESAB by 73.3% in the 3rd quarter. Cooke & Bieler LP now owns 2,200,682 shares of the company’s stock valued at $144,981,000 after purchasing an additional 930,955 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of ESAB by 16.3% in the 1st quarter. Bessemer Group Inc. now owns 1,225,702 shares of the company’s stock valued at $118,475,000 after purchasing an additional 171,926 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of ESAB by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,215,909 shares of the company’s stock worth $117,500,000 after purchasing an additional 34,383 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of ESAB by 21.7% during the 1st quarter. Bank of New York Mellon Corp now owns 984,297 shares of the company’s stock worth $95,142,000 after purchasing an additional 175,398 shares during the period. 91.13% of the stock is owned by institutional investors and hedge funds.

ESAB Company Profile

ESAB Corporation (NYSE: ESAB) is a global provider of welding and cutting technologies. The company develops and supplies equipment, consumables, automation solutions and related products used to join, cut and process metals across industrial and commercial applications.

Its product portfolio includes welding machines, cutting systems, welding electrodes and wires, filler metals, gas-control equipment, plasma and oxyfuel technologies, and digital or automated solutions. ESAB also offers products and services designed to support fabrication, manufacturing, construction, transportation, energy and maintenance operations.

ESAB serves customers in the Americas, Europe, the Middle East, Africa and the Asia-Pacific region through a portfolio of established brands and distribution channels.