ESAB Corporation (NYSE:ESAB) Stock Has Average Price Target of $135.57 According to Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on ESAB, with seven buy ratings and one hold. The average 12-month price target is $135.57, despite several firms recently lowering their targets.
• ESAB shares opened at $65.80, down 2.7%, near the stock’s 12-month low of $64.83 and well below its 50-day and 200-day moving averages. The company reported quarterly revenue growth of 12.9% but missed EPS estimates, posting $1.33 versus the $1.37 consensus.
• The company declared a quarterly dividend of $0.12 per share, equivalent to a $0.48 annualized payout and a 0.7% yield. Institutional investors own approximately 91.13% of ESAB’s outstanding stock.

ESAB Corporation (NYSE:ESAB - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $135.57.

Several equities analysts have recently issued reports on the company. Oppenheimer decreased their price objective on ESAB from $140.00 to $135.00 and set an "outperform" rating for the company in a research note on Tuesday, July 21st. Roth Capital restated a "buy" rating and set a $133.00 target price (down from $151.00) on shares of ESAB in a research note on Tuesday, September 15th. DA Davidson assumed 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. Weiss Ratings downgraded shares of ESAB from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. Finally, Stifel Nicolaus lowered their price target 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 Down 2.7%

Shares of NYSE ESAB opened at $65.80 on Thursday. The stock has a market cap of $4.09 billion, a P/E ratio of 23.58, a PEG ratio of 1.06 and a beta of 1.17. The business's fifty day simple moving average is $78.19 and its 200-day simple moving average is $89.32. ESAB has a 12-month low of $64.83 and a 12-month high of $137.42. 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 (NYSE:ESAB - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.04). ESAB had a return on equity of 14.48% and a net margin of 5.75%.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 earned $1.36 earnings per share. The company'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. As a group, equities analysts predict that ESAB will post 5.46 EPS for the current fiscal year.

ESAB Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders 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 payout ratio is 17.20%.

Insider Activity at ESAB

In related news, Director Rhonda L. Jordan sold 1,000 shares of the business's stock in a transaction on 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 owned 1,000 shares in the company, valued at approximately $95,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 7.20% of the company's stock.

Institutional Trading of ESAB

A number of institutional investors have recently bought and sold shares of ESAB. Global Retirement Partners LLC purchased a new position in shares of ESAB in the 2nd quarter valued at about $76,000. EverSource Wealth Advisors LLC lifted its stake in ESAB by 25.5% during the first quarter. EverSource Wealth Advisors LLC now owns 865 shares of the company's stock worth $84,000 after purchasing an additional 176 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in ESAB by 46.7% during the fourth quarter. Hantz Financial Services Inc. now owns 999 shares of the company's stock worth $112,000 after purchasing an additional 318 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in ESAB during the first quarter worth approximately $105,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in ESAB in the second quarter valued at approximately $151,000. 91.13% of the stock is owned by hedge funds and other institutional investors.

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.

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