ESAB Corporation (NYSE:ESAB) Stock Has Consensus Target Price of $135.57 According to Brokerages

Shares of ESAB Corporation (NYSE:ESAB) have received an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $135.57.

Several research firms have recently weighed in on ESAB. DA Davidson initiated coverage on shares of ESAB in a report on Monday, June 15th. They issued a “buy” rating and a $130.00 target price on the stock. Roth Capital reissued a “buy” rating and set a $133.00 price target (down from $151.00) on shares of ESAB in a report on Tuesday, September 15th. Weiss Ratings lowered shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Oppenheimer decreased their price objective on shares of ESAB from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Finally, Stifel Nicolaus dropped their price objective on shares of ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a report on Monday, July 20th.

ESAB Stock Performance

NYSE:ESAB opened at $70.03 on Thursday. The firm has a market capitalization of $4.35 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.19. The company has a quick ratio of 1.22, a current ratio of 1.96 and a debt-to-equity ratio of 0.99. ESAB has a 12-month low of $64.83 and a 12-month high of $137.42. The firm has a 50-day moving average price of $77.56 and a 200 day moving average price of $88.97.

ESAB (NYSE:ESAB) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.33 earnings per share 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 for the quarter, compared to analyst estimates of $755.64 million. During the same period in the previous year, the firm posted $1.36 earnings per share. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Research analysts anticipate that ESAB will post 5.46 earnings per share for the current fiscal year.

ESAB Dividend Announcement

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

Insider Transactions at ESAB

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at approximately $95,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.20% of the company’s stock.

Institutional Trading of ESAB

A number of hedge funds and other institutional investors have recently made changes to their positions in ESAB. Defender Capital LLC. raised its stake in shares of ESAB by 15.3% in the third quarter. Defender Capital LLC. now owns 42,165 shares of the company’s stock worth $2,778,000 after acquiring an additional 5,601 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of ESAB during the second quarter valued at approximately $2,195,000. Nykredit A S acquired a new stake in shares of ESAB in the second quarter valued at approximately $197,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of ESAB in the second quarter valued at approximately $365,000. Finally, HB Wealth Management LLC raised its position in ESAB by 29.4% in the 2nd quarter. HB Wealth Management LLC now owns 3,207 shares of the company’s stock worth $316,000 after purchasing 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 equipment, consumable products and related solutions used to join, cut and protect metals in industrial, construction, infrastructure, transportation and other applications.

Its product portfolio includes welding systems, cutting machines, welding electrodes and wires, gas-control equipment, automation technologies, protective equipment and accessories. ESAB markets its products under brands that include ESAB, Victor, Tweco, Stoody and Thermal Dynamics, serving customers through direct sales, distributors and other channels.

The company traces its origins to 1904, when Swedish inventor Oscar Kjellberg developed a coated welding electrode.