Brokerages Set ESAB Corporation (NYSE:ESAB) PT at $143.33

ESAB Corporation (NYSE:ESAB) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $143.3333.

ESAB has been the subject of several recent research reports. Zacks Research cut shares of ESAB from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Wall Street Zen raised shares of ESAB from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Roth Capital assumed coverage on ESAB in a report on Friday, September 5th. They issued a “buy” rating and a $150.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ESAB in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price target on ESAB from $138.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th.

ESAB Stock Down 2.0%

NYSE:ESAB opened at $112.94 on Monday. The stock has a 50-day simple moving average of $115.25 and a 200 day simple moving average of $120.11. ESAB has a 52-week low of $100.17 and a 52-week high of $135.84. The company has a market cap of $6.86 billion, a PE ratio of 28.45, a PEG ratio of 2.24 and a beta of 1.23. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.24 and a current ratio of 1.99.

ESAB (NYSE:ESAB) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. The firm had revenue of $727.85 million during the quarter, compared to the consensus estimate of $663.57 million. ESAB had a return on equity of 15.93% and a net margin of 8.70%.The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 EPS. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. On average, sell-side analysts expect that ESAB will post 5.16 EPS for the current fiscal year.

ESAB Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. ESAB’s dividend payout ratio (DPR) is currently 10.08%.

Institutional Trading of ESAB

A number of large investors have recently added to or reduced their stakes in the company. Gabelli Funds LLC grew its position in shares of ESAB by 1.0% in the 3rd quarter. Gabelli Funds LLC now owns 28,467 shares of the company’s stock valued at $3,181,000 after acquiring an additional 268 shares during the period. Barclays PLC lifted its stake in ESAB by 139.8% in the 3rd quarter. Barclays PLC now owns 64,199 shares of the company’s stock valued at $7,174,000 after purchasing an additional 37,427 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in ESAB by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,145,744 shares of the company’s stock valued at $128,014,000 after purchasing an additional 10,765 shares during the last quarter. 111 Capital bought a new position in ESAB during the third quarter worth about $614,000. Finally, Royce & Associates LP increased its position in ESAB by 27.6% during the third quarter. Royce & Associates LP now owns 785,506 shares of the company’s stock worth $87,772,000 after buying an additional 169,958 shares during the last quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.

ESAB Company Profile

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips.