ESAB Corporation (ESAB) – What Are Researchers Thinking About This Stock?

Shares of ESAB Corporation (NYSE:ESAB) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $118.67.

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

ESAB Stock Performance

NYSE ESAB opened at $69.55 on Monday. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 1.18 and a beta of 1.19. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.96 and a quick ratio of 1.22. The company has a fifty day moving average price of $70.11 and a 200-day moving average price of $93.57. ESAB has a 1 year low of $62.74 and a 1 year high of $137.42.

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

ESAB Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 2nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. ESAB’s dividend payout ratio (DPR) is presently 17.20%.

Insiders Place Their Bets

In other news, Director Rhonda L. Jordan sold 1,000 shares of the firm’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 directly owned 1,000 shares of the company’s stock, valued at approximately $95,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 7.20% of the stock is currently owned by company insiders.

Institutional Trading of ESAB

Several hedge funds and other institutional investors have recently made changes to their positions in ESAB. Oregon Public Employees Retirement Fund raised its position in ESAB by 2.0% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 12,084 shares of the company’s stock valued at $796,000 after purchasing an additional 240 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of ESAB by 12.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,842 shares of the company’s stock worth $978,000 after purchasing an additional 1,602 shares during the period. State of Wyoming boosted its holdings in ESAB by 63.1% during the third quarter. State of Wyoming now owns 6,949 shares of the company’s stock worth $458,000 after buying an additional 2,689 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in ESAB by 86.8% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 551 shares of the company’s stock valued at $36,000 after buying an additional 256 shares in the last quarter. Finally, Pullen Investment Management LLC purchased a new position in ESAB during the third quarter valued at $1,616,000. Hedge funds and other institutional investors own 91.13% of the company’s stock.

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.