ESAB (NYSE:ESAB) Given New $143.00 Price Target at Stifel Nicolaus

ESAB (NYSE:ESAB) had its price objective hoisted by Stifel Nicolaus from $141.00 to $143.00 in a research report released on Tuesday morning, Marketbeat.com reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other brokerages have also issued reports on ESAB. Loop Capital raised shares of ESAB from a “hold” rating to a “buy” rating and lifted their target price for the company from $130.00 to $140.00 in a research note on Friday, August 22nd. Wall Street Zen raised ESAB from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. boosted their target price on ESAB from $138.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Zacks Research downgraded ESAB from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Finally, Roth Capital started coverage on ESAB in a report on Friday, September 5th. They set a “buy” rating and a $150.00 price target for the company. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $141.50.

ESAB Stock Down 0.9%

ESAB opened at $114.40 on Tuesday. The stock’s 50 day moving average price is $114.48 and its 200 day moving average price is $117.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.99 and a quick ratio of 1.24. The stock has a market cap of $6.95 billion, a P/E ratio of 28.82, a P/E/G ratio of 2.24 and a beta of 1.24. ESAB has a 12 month low of $100.17 and a 12 month high of $135.84.

ESAB (NYSE:ESAB) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.05. ESAB had a net margin of 8.70% and a return on equity of 15.93%. The business had revenue of $727.85 million during the quarter, compared to analysts’ expectations of $663.57 million. During the same period last year, the firm posted $1.25 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. As a group, research analysts predict that ESAB will post 5.16 earnings per share for the current year.

ESAB Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Wednesday, December 31st. ESAB’s dividend payout ratio (DPR) is presently 10.08%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Durable Capital Partners LP bought a new position in shares of ESAB in the first quarter valued at approximately $114,067,000. Norges Bank bought a new position in ESAB during the second quarter valued at approximately $83,814,000. Champlain Investment Partners LLC grew its holdings in shares of ESAB by 42.0% during the 1st quarter. Champlain Investment Partners LLC now owns 1,929,099 shares of the company’s stock valued at $224,740,000 after purchasing an additional 570,895 shares during the last quarter. Interval Partners LP increased its holdings in shares of ESAB by 726.9% in the third quarter. Interval Partners LP now owns 632,412 shares of the company’s stock worth $70,666,000 after buying an additional 555,932 shares during the period. Finally, Millennium Management LLC increased its stake in ESAB by 2,367.3% in the 3rd quarter. Millennium Management LLC now owns 432,279 shares of the company’s stock worth $48,303,000 after purchasing an additional 414,759 shares during the period. Hedge funds and other institutional investors 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.