ESAB Corporation (NYSE:ESAB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

ESAB Corporation (NYSE:ESAB) has been given a consensus rating of “Moderate Buy” by the nine research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $142.1250.

Several brokerages have recently weighed in on ESAB. JPMorgan Chase & Co. decreased their price target on shares of ESAB from $140.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Oppenheimer increased their target price on shares of ESAB from $142.00 to $148.00 and gave the stock an “outperform” rating in a report on Friday. UBS Group lifted their price target on shares of ESAB from $147.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Stifel Nicolaus increased their price objective on shares of ESAB from $143.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ESAB in a research report on Monday, December 29th.

ESAB Stock Performance

ESAB opened at $120.88 on Friday. The company 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 business’s 50-day moving average price is $113.94 and its two-hundred day moving average price is $116.61. ESAB has a 1 year low of $100.17 and a 1 year high of $135.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.99 and a quick ratio of 1.24.

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, topping analysts’ consensus estimates of $1.27 by $0.05. ESAB had a return on equity of 15.93% and a net margin of 8.70%.The business had revenue of $727.85 million during the quarter, compared to the consensus estimate of $663.57 million. During the same period last year, the company earned $1.25 earnings per share. ESAB’s quarterly revenue was up 8.1% on a year-over-year basis. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. Equities analysts expect that ESAB will post 5.16 EPS for the current fiscal year.

ESAB Announces Dividend

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

Hedge Funds Weigh In On ESAB

Hedge funds and other institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new position in ESAB during the third quarter worth $30,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of ESAB by 109.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock worth $40,000 after purchasing an additional 174 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of ESAB during the 2nd quarter worth about $59,000. AlphaQuest LLC bought a new stake in shares of ESAB in the 3rd quarter valued at about $58,000. Finally, Farther Finance Advisors LLC lifted its stake in ESAB by 60.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $75,000 after purchasing an additional 252 shares during the last quarter. 91.13% of the stock is 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.