ESAB (NYSE:ESAB) Stock Gets Price Target Trim from JPMorgan Chase & Co.

ESAB (NYSE:ESAB) had its price objective reduced by JPMorgan Chase & Co. from $125.00 to $95.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

ESAB has been the subject of several other research reports. Weiss Ratings lowered shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Oppenheimer dropped 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. Roth Capital reissued a “buy” rating and set a $133.00 price objective (down from $151.00) on shares of ESAB in a report on Tuesday, September 15th. Stifel Nicolaus reduced their price objective on shares of ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Finally, DA Davidson started coverage on ESAB in a report on Monday, June 15th. They set a “buy” rating and a $130.00 target price for the company. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $129.86.

ESAB Price Performance

ESAB opened at $67.01 on Thursday. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 1.05 and a beta of 1.19. 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 12-month low of $62.74 and a 12-month high of $137.42. The business’s fifty day simple moving average is $75.70 and its 200-day simple moving average is $87.96.

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 the consensus estimate of $1.37 by ($0.04). ESAB had a net margin of 5.75% and a return on equity of 14.48%. The firm had revenue of $807.63 million during the quarter, compared to the consensus estimate of $755.64 million. During the same quarter in the previous year, the firm 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 research analysts anticipate that ESAB will post 5.44 earnings per share for the current fiscal year.

ESAB Dividend Announcement

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

Insider Buying and Selling at ESAB

In other news, Director Rhonda L. Jordan sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. Following the sale, the director directly owned 1,000 shares in the company, valued at approximately $95,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its stake in ESAB by 0.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,006,238 shares of the company’s stock valued at $894,457,000 after acquiring an additional 45,841 shares in the last quarter. BlackRock Inc. purchased a new position in ESAB in the second quarter worth $524,533,000. Bessemer Group Inc. grew its holdings in ESAB by 16.3% in the first quarter. Bessemer Group Inc. now owns 1,225,702 shares of the company’s stock worth $118,475,000 after purchasing an additional 171,926 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of ESAB by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,215,909 shares of the company’s stock worth $117,500,000 after purchasing an additional 34,383 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of ESAB by 21.7% during the first quarter. Bank of New York Mellon Corp now owns 984,297 shares of the company’s stock worth $95,142,000 after purchasing an additional 175,398 shares in the last quarter. Institutional investors own 91.13% of the company’s stock.

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.