ESAB Corporation (NYSE:ESAB) Receives Consensus Rating of “Moderate Buy” from Brokerages

ESAB Corporation (NYSE:ESAB) has received an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $142.1250.

A number of research firms have commented on ESAB. Wall Street Zen lowered shares of ESAB from a “buy” rating to a “hold” rating in a report on Sunday, December 28th. UBS Group increased their target price on ESAB from $147.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. lowered their price target on ESAB from $140.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Weiss Ratings restated a “hold (c+)” rating on shares of ESAB in a report on Monday, December 29th. Finally, Stifel Nicolaus upped their target price on shares of ESAB from $143.00 to $144.00 and gave the company a “buy” rating in a research note on Friday.

ESAB Stock Performance

ESAB stock opened at $120.88 on Friday. The stock has a 50-day simple moving average of $113.94 and a 200 day simple moving average of $116.61. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 30.45, a P/E/G ratio of 2.12 and a beta of 1.24. 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.

ESAB (NYSE:ESAB) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.05. The firm 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%.The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $1.25 EPS. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. On average, research analysts anticipate that ESAB will post 5.16 earnings per share for the current fiscal year.

ESAB Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.40 annualized dividend and a yield of 0.3%. ESAB’s payout ratio is currently 10.08%.

Institutional Investors Weigh In On ESAB

Several large investors have recently modified their holdings of ESAB. Royal Bank of Canada lifted its holdings in shares of ESAB by 29.4% during the 1st quarter. Royal Bank of Canada now owns 51,867 shares of the company’s stock valued at $6,042,000 after purchasing an additional 11,772 shares in the last quarter. Millennium Management LLC acquired a new stake in ESAB during the 1st quarter worth approximately $10,616,000. Goldman Sachs Group Inc. lifted its stake in ESAB by 25.9% in the first quarter. Goldman Sachs Group Inc. now owns 458,339 shares of the company’s stock valued at $53,396,000 after buying an additional 94,335 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of ESAB by 159.9% in the second quarter. Fifth Third Bancorp now owns 3,667 shares of the company’s stock valued at $442,000 after buying an additional 2,256 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of ESAB by 1.2% in the second quarter. Public Employees Retirement System of Ohio now owns 19,498 shares of the company’s stock valued at $2,350,000 after buying an additional 235 shares during the period. 91.13% of the stock is currently owned by institutional investors.

About ESAB

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.