ESAB (NYSE:ESAB) Given New $138.00 Price Target at JPMorgan Chase & Co.

ESAB (NYSE:ESAB) had its price objective lowered by JPMorgan Chase & Co. from $140.00 to $138.00 in a research report sent to investors on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other brokerages have also issued reports on ESAB. UBS Group boosted their price target on shares of ESAB from $147.00 to $149.00 and gave the company a “buy” rating in a report on Monday, October 20th. Wall Street Zen cut shares of ESAB from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of ESAB in a research report on Monday, December 29th. Finally, Stifel Nicolaus lifted their price objective on ESAB from $141.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $141.25.

ESAB Trading Up 0.7%

Shares of ESAB opened at $120.09 on Wednesday. The stock’s 50-day moving average price is $112.89 and its 200 day moving average price is $116.73. The company has a quick ratio of 1.24, a current ratio of 1.99 and a debt-to-equity ratio of 0.62. ESAB has a 12-month low of $100.17 and a 12-month high of $135.84. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 30.25, a P/E/G ratio of 2.08 and a beta of 1.24.

ESAB (NYSE:ESAB) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.05. The company had revenue of $727.85 million for the quarter, compared to analyst estimates of $663.57 million. ESAB had a return on equity of 15.93% and a net margin of 8.70%.ESAB’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 EPS. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, December 31st. ESAB’s dividend payout ratio is currently 10.08%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ESAB. FNY Investment Advisers LLC bought a new stake in ESAB during the 3rd quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. boosted its stake in ESAB by 109.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock worth $40,000 after purchasing an additional 174 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of ESAB during the third quarter worth $58,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of ESAB during the second quarter worth $59,000. Finally, Farther Finance Advisors LLC increased its stake in shares of ESAB by 60.4% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $75,000 after buying an additional 252 shares in the last quarter. Institutional investors own 91.13% of the company’s stock.

ESAB Company Profile

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.