ESAB Corporation (NYSE:ESAB) Given Average Rating of “Moderate Buy” by Analysts

Shares of ESAB Corporation (NYSE:ESAB) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $138.3750.

Several brokerages have recently commented on ESAB. Weiss Ratings reissued a “hold (c)” rating on shares of ESAB in a report on Friday, July 24th. DA Davidson initiated coverage on ESAB in a report on Monday, June 15th. They set a “buy” rating and a $130.00 price target for the company. Oppenheimer cut their price objective on ESAB from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st. Stifel Nicolaus reduced their price objective on ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Roth Capital increased their target price on ESAB from $142.00 to $151.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th.

ESAB Stock Up 2.8%

Shares of NYSE ESAB opened at $87.99 on Wednesday. ESAB has a 52-week low of $82.18 and a 52-week high of $137.42. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.96. The business has a fifty day moving average of $91.69 and a two-hundred day moving average of $101.68. The stock has a market cap of $5.47 billion, a PE ratio of 31.54, a PEG ratio of 1.67 and a beta of 1.19.

ESAB (NYSE:ESAB) last posted its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.04). The firm had revenue of $807.63 million during the quarter, compared to the consensus estimate of $755.64 million. ESAB had a return on equity of 14.48% and a net margin of 5.75%.The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.36 EPS. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. As a group, equities research analysts expect that ESAB will post 5.46 earnings per share for the current fiscal year.

Insider Transactions at ESAB

In related news, Director Rhonda L. Jordan sold 1,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the transaction, the director owned 1,000 shares in the company, valued at $95,000. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ESAB

A number of institutional investors have recently modified their holdings of ESAB. Los Angeles Capital Management LLC acquired a new position in shares of ESAB during the fourth quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. increased its holdings 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 valued at $40,000 after purchasing an additional 174 shares in the last quarter. Smartleaf Asset Management LLC raised its position in ESAB by 259.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock worth $43,000 after purchasing an additional 275 shares during the last quarter. Global Retirement Partners LLC raised its position in ESAB by 3,023.1% in the 4th quarter. Global Retirement Partners LLC now owns 406 shares of the company’s stock worth $45,000 after purchasing an additional 393 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in ESAB by 185.3% during the 4th quarter. UMB Bank n.a. now owns 642 shares of the company’s stock worth $72,000 after buying an additional 417 shares in 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.