ESAB Corporation (NYSE:ESAB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

ESAB Corporation (NYSE:ESAB) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $135.57.

ESAB has been the topic of several research reports. Stifel Nicolaus decreased their target price on ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Roth Capital reaffirmed a “buy” rating and issued a $133.00 price objective (down from $151.00) on shares of ESAB in a report on Tuesday, September 15th. DA Davidson assumed coverage on ESAB in a research report on Monday, June 15th. They set a “buy” rating and a $130.00 price objective on the stock. Weiss Ratings downgraded ESAB from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, Oppenheimer reduced their target price on shares of ESAB from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st.

ESAB Stock Up 2.5%

ESAB opened at $71.67 on Thursday. The stock’s fifty day simple moving average is $77.23 and its 200 day simple moving average is $88.71. ESAB has a 1-year low of $64.83 and a 1-year high of $137.42. The stock has a market cap of $4.46 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 1.10 and a beta of 1.19. The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99.

ESAB (NYSE:ESAB) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04). The company had revenue of $807.63 million for the quarter, compared to the consensus estimate of $755.64 million. ESAB had a return on equity of 14.48% and a net margin of 5.75%.The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the firm earned $1.36 earnings per share. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. As a group, research analysts expect that ESAB will post 5.46 earnings per share for the current year.

ESAB Dividend Announcement

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

Insider Transactions at ESAB

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. Following the completion of the sale, the director owned 1,000 shares of the company’s stock, valued at $95,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 7.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. boosted its stake in shares of ESAB by 0.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,006,238 shares of the company’s stock valued at $894,457,000 after buying an additional 45,841 shares during the period. BlackRock Inc. bought a new position in ESAB during the 2nd quarter worth $524,533,000. Geode Capital Management LLC increased its stake in ESAB by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,318,269 shares of the company’s stock worth $147,300,000 after acquiring an additional 16,466 shares during the period. Bessemer Group Inc. raised its holdings in 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 acquiring an additional 171,926 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in ESAB by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,215,909 shares of the company’s stock valued at $117,500,000 after acquiring an additional 34,383 shares in the last quarter. 91.13% of the stock is owned by institutional investors.

About ESAB

ESAB Corporation (NYSE: ESAB) is a global provider of welding and cutting technologies. The company develops and manufactures equipment, consumable products and related solutions used to join, cut and protect metals in industrial, construction, infrastructure, transportation and other applications.

Its product portfolio includes welding systems, cutting machines, welding electrodes and wires, gas-control equipment, automation technologies, protective equipment and accessories. ESAB markets its products under brands that include ESAB, Victor, Tweco, Stoody and Thermal Dynamics, serving customers through direct sales, distributors and other channels.

The company traces its origins to 1904, when Swedish inventor Oscar Kjellberg developed a coated welding electrode.