Brokerages Set ESAB Corporation (NYSE:ESAB) Target Price at $138.14

Shares of ESAB Corporation (NYSE:ESAB) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $138.1429.

Several equities research analysts have weighed in on the stock. Weiss Ratings lowered shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Roth Capital boosted their price target on shares of ESAB from $142.00 to $151.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. DA Davidson started coverage on shares of ESAB in a research report on Monday, June 15th. They issued a “buy” rating and a $130.00 price objective for the company. Stifel Nicolaus dropped 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, Oppenheimer reduced their target price on ESAB from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st.

ESAB Price Performance

Shares of ESAB opened at $70.64 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99. ESAB has a 1 year low of $68.22 and a 1 year high of $137.42. The stock has a market cap of $4.39 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 1.38 and a beta of 1.17. The stock’s 50-day moving average price is $83.67 and its two-hundred day moving average price is $93.95.

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

ESAB Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, October 2nd. ESAB’s payout ratio is 17.20%.

Insider Activity at ESAB

In other news, Director Rhonda L. Jordan sold 1,000 shares of the 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 completion of the transaction, the director directly owned 1,000 shares in the company, valued at $95,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Tidal Investments LLC bought a new position in shares of ESAB in the second quarter valued at about $2,195,000. Nykredit A S bought a new stake in shares of ESAB during the 2nd quarter worth about $197,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of ESAB during the 2nd quarter worth about $365,000. California State Teachers Retirement System grew its stake in ESAB by 9,178.5% in the 2nd quarter. California State Teachers Retirement System now owns 6,249,789 shares of the company’s stock valued at $616,417,000 after buying an additional 6,182,431 shares during the last quarter. Finally, HB Wealth Management LLC grew its stake in ESAB by 29.4% in the 2nd quarter. HB Wealth Management LLC now owns 3,207 shares of the company’s stock valued at $316,000 after buying an additional 728 shares during the last quarter. 91.13% of the stock is currently owned by institutional investors and hedge funds.

About ESAB

ESAB Corporation (NYSE: ESAB) is a global provider of welding and cutting technologies. The company develops and manufactures welding equipment, welding consumables, cutting systems, automation solutions and related accessories used in industrial, commercial and maintenance applications.

Its product portfolio includes arc-welding equipment, electrodes and welding wires, gas and plasma cutting systems, robotic and automated welding solutions, and digital tools designed to improve fabrication processes.