ESAB Corporation (NYSE:ESAB) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of ESAB Corporation (NYSE:ESAB) have earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $140.6250.

ESAB has been the topic of several analyst reports. Stifel Nicolaus increased their target price on shares of ESAB from $143.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Roth Mkm reissued a “buy” rating and set a $146.00 price objective (down previously from $150.00) on shares of ESAB in a report on Tuesday, February 3rd. Oppenheimer raised their price objective on ESAB from $142.00 to $148.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Wall Street Zen cut ESAB from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Finally, Weiss Ratings raised shares of ESAB from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd.

Hedge Funds Weigh In On ESAB

Several large investors have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new stake in ESAB in the 3rd quarter valued at approximately $30,000. Los Angeles Capital Management LLC bought a new stake in shares of ESAB in the fourth quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 acquiring an additional 174 shares during the last quarter. Smartleaf Asset Management LLC increased its position in ESAB by 259.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock worth $43,000 after acquiring an additional 275 shares during the period. Finally, Global Retirement Partners LLC raised its stake in ESAB by 3,023.1% during the 4th quarter. Global Retirement Partners LLC now owns 406 shares of the company’s stock valued at $45,000 after purchasing an additional 393 shares during the last quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.

ESAB Stock Performance

Shares of ESAB opened at $133.42 on Wednesday. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 2.50 and a beta of 1.24. The company’s fifty day moving average is $119.95 and its 200-day moving average is $116.14. 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 $137.42.

ESAB Announces Dividend

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

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.