ESAB Corporation (NYSE:ESAB) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of ESAB Corporation (NYSE:ESAB) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $138.1429.

Several brokerages have issued reports on ESAB. Stifel Nicolaus cut their price target on ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a report on Monday, July 20th. 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 cut their target price on shares of ESAB from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. DA Davidson started coverage on shares of ESAB in a report on Monday, June 15th. They set a “buy” rating and a $130.00 target price for the company. Finally, Roth Capital upped their price target on shares of ESAB from $142.00 to $151.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th.

ESAB Trading Up 0.5%

NYSE:ESAB opened at $75.06 on Friday. The company has a market cap of $4.67 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 1.46 and a beta of 1.17. ESAB has a twelve month low of $73.21 and a twelve month high of $137.42. The business has a 50 day moving average price of $85.95 and a two-hundred day moving average price of $96.03. 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 (NYSE:ESAB) last announced 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). The company had revenue of $807.63 million during the quarter, compared to the consensus estimate of $755.64 million. ESAB had a net margin of 5.75% and a return on equity of 14.48%. ESAB’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 EPS. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. As a group, analysts expect that ESAB will post 5.46 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Rhonda L. Jordan sold 1,000 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $95.00, for a total transaction of $95,000.00. Following the sale, the director directly owned 1,000 shares of the company’s stock, valued at approximately $95,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.20% of the stock is currently owned by company insiders.

Institutional Trading of ESAB

Several institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System lifted 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 purchasing an additional 6,182,431 shares during the last quarter. BlackRock Inc. acquired a new position in shares of ESAB during the second quarter worth $524,533,000. Bessemer Group Inc. increased its holdings in shares of ESAB by 6,787.0% during the fourth quarter. Bessemer Group Inc. now owns 1,053,776 shares of the company’s stock worth $117,730,000 after buying an additional 1,038,475 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of ESAB in the 2nd quarter valued at $94,210,000. Finally, Norges Bank bought a new position in shares of ESAB in the 4th quarter valued at $85,692,000. 91.13% of the stock is currently owned by institutional investors.

ESAB Company Profile

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.