ESAB (NYSE:ESAB) Stock Price Target Lowered at JPMorgan Chase & Co.

ESAB (NYSE:ESAB) had its price target decreased by analysts at JPMorgan Chase & Co. from $125.00 to $95.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 46.47% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Weiss Ratings cut shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. DA Davidson initiated coverage on shares of ESAB in a research note on Monday, June 15th. They set a “buy” rating and a $130.00 target price for the company. Oppenheimer reduced their price target on shares of ESAB from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Stifel Nicolaus decreased their price target on shares of ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, 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. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $129.86.

ESAB Stock Down 3.4%

Shares of ESAB stock traded down $2.26 during trading on Thursday, hitting $64.86. The company’s stock had a trading volume of 2,511,645 shares, compared to its average volume of 699,692. The company has a fifty day simple moving average of $76.51 and a two-hundred day simple moving average of $88.31. ESAB has a 52 week low of $62.74 and a 52 week high of $137.42. The company has a market capitalization of $4.03 billion, a PE ratio of 23.25, a P/E/G ratio of 1.13 and a beta of 1.19. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.96.

ESAB (NYSE:ESAB) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04). ESAB had a return on equity of 14.48% and a net margin of 5.75%.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 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Equities research analysts predict that ESAB will post 5.46 earnings per share for the current year.

Insider Transactions at ESAB

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of ESAB 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 directly owned 1,000 shares of the company’s stock, valued at $95,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ESAB

Hedge funds and other institutional investors have recently made changes to their positions in the company. HB Wealth Management LLC lifted its stake in shares of ESAB by 5.0% in the 1st quarter. HB Wealth Management LLC now owns 2,479 shares of the company’s stock valued at $240,000 after purchasing an additional 118 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of ESAB by 25.5% during the 1st 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. State of Michigan Retirement System raised its holdings in ESAB by 1.5% in the 1st quarter. State of Michigan Retirement System now owns 13,702 shares of the company’s stock valued at $1,324,000 after buying an additional 200 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in ESAB by 2.6% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,744 shares of the company’s stock valued at $1,135,000 after buying an additional 300 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its position in ESAB by 3.0% in the second quarter. Dynamic Advisor Solutions LLC now owns 11,137 shares of the company’s stock valued at $1,098,000 after buying an additional 328 shares during the last quarter. Hedge funds and other 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.