ESAB (NYSE:ESAB) Price Target Raised to $144.00 at Stifel Nicolaus

ESAB (NYSE:ESAB) had its price objective lifted by Stifel Nicolaus from $143.00 to $144.00 in a report released on Friday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Several other research analysts have also weighed in on the company. Oppenheimer increased their target price on ESAB from $142.00 to $148.00 and gave the stock an “outperform” rating in a research report on Friday. UBS Group boosted their target price on ESAB from $147.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Weiss Ratings restated a “hold (c+)” rating on shares of ESAB in a report on Monday, December 29th. Wall Street Zen downgraded shares of ESAB from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Finally, JPMorgan Chase & Co. cut their target price on shares of ESAB from $140.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $142.13.

ESAB Stock Down 0.4%

ESAB opened at $120.88 on Friday. ESAB has a 12 month low of $100.17 and a 12 month high of $135.84. The business has a 50-day moving average of $113.94 and a two-hundred day moving average of $116.61. 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 capitalization of $7.34 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24.

ESAB (NYSE:ESAB) last released its earnings results on Wednesday, October 29th. The company reported $1.32 earnings per share (EPS) for the quarter, beating 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 net margin of 8.70% and a return on equity of 15.93%. ESAB’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 earnings per share. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. On average, research analysts expect that ESAB will post 5.16 earnings per share for the current year.

ESAB Dividend Announcement

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

Institutional Investors Weigh In On ESAB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in ESAB by 29.4% in the 1st quarter. Royal Bank of Canada now owns 51,867 shares of the company’s stock valued at $6,042,000 after buying an additional 11,772 shares during the last quarter. Millennium Management LLC purchased a new position in ESAB in the first quarter valued at about $10,616,000. Goldman Sachs Group Inc. grew its stake in ESAB by 25.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 458,339 shares of the company’s stock valued at $53,396,000 after purchasing an additional 94,335 shares in the last quarter. Fifth Third Bancorp grew its stake in ESAB by 159.9% during the 2nd quarter. Fifth Third Bancorp now owns 3,667 shares of the company’s stock valued at $442,000 after purchasing an additional 2,256 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in ESAB by 1.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 19,498 shares of the company’s stock worth $2,350,000 after purchasing an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 91.13% of the company’s stock.

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.