ESAB Corporation (NYSE:ESAB) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Consensus "Moderate Buy": Ten analysts cover ESAB (seven buy, three hold) with an average 1‑year price target of $141.33; several firms raised targets (JPMorgan to $153) while Weiss Ratings recently downgraded to hold.
• CEO insider sale: CEO Shyam Kambeyanda sold 59,404 shares at $123.79 for roughly $7.35M on Feb 23, reducing his stake by 37.3% (insiders own 7.3% of the stock).
• Recent results and valuation: Q results showed $1.35 EPS (beat by $0.01) and $687M revenue, up 7.5% YoY; shares traded around $103 versus 50/200‑day averages of ~$113/$114, with a $6.28B market cap and a PE of ~27.9.

ESAB Corporation (NYSE:ESAB - Get Free Report) has been given an average rating of "Moderate Buy" by the ten analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $141.3333.

A number of equities research analysts have commented on ESAB shares. Roth Mkm reiterated a "buy" rating and issued a $146.00 price target (down from $150.00) on shares of ESAB in a research report on Tuesday, February 3rd. Oppenheimer upped their price target on ESAB from $142.00 to $148.00 and gave the company an "outperform" rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. upped their price target on ESAB from $130.00 to $153.00 and gave the company an "overweight" rating in a research report on Monday, February 23rd. Stifel Nicolaus dropped their price objective on ESAB from $158.00 to $138.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Weiss Ratings downgraded ESAB from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, February 20th.

Insider Activity

In other news, CEO Shyam Kambeyanda sold 59,404 shares of the business's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $123.79, for a total value of $7,353,621.16. Following the transaction, the chief executive officer directly owned 99,864 shares of the company's stock, valued at $12,362,164.56. The trade was a 37.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new position in shares of ESAB in the 3rd quarter valued at about $30,000. Los Angeles Capital Management LLC acquired a new position in shares of ESAB in the 4th quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of ESAB by 109.4% in the 2nd 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 during the period. Smartleaf Asset Management LLC raised its stake in ESAB by 259.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 381 shares of the company's stock worth $43,000 after buying an additional 275 shares during the period. Finally, Global Retirement Partners LLC raised its stake in ESAB by 3,023.1% during the 4th quarter. Global Retirement Partners LLC now owns 406 shares of the company's stock worth $45,000 after buying an additional 393 shares during the period. 91.13% of the stock is owned by institutional investors and hedge funds.

ESAB Trading Up 9.0%

NYSE ESAB opened at $103.17 on Thursday. The business's 50-day moving average price is $113.21 and its two-hundred day moving average price is $114.34. ESAB has a 12 month low of $89.41 and a 12 month high of $137.42. The firm has a market capitalization of $6.28 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 1.82 and a beta of 1.36. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.56.

ESAB (NYSE:ESAB - Get Free Report) last released its quarterly earnings results on Friday, February 20th. The company reported $1.35 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.01. ESAB had a return on equity of 15.38% and a net margin of 7.98%.The firm had revenue of $687.00 million for the quarter, compared to analyst estimates of $687.80 million. During the same quarter in the previous year, the company posted $1.28 EPS. The business's revenue was up 7.5% on a year-over-year basis. On average, analysts expect that ESAB will post 5.16 EPS for the current year.

ESAB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, April 2nd. ESAB's payout ratio is currently 10.81%.

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.

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