ESAB (NYSE:ESAB) Price Target Raised to $144.00

ESAB (NYSE:ESAB) had its target price raised by Stifel Nicolaus from $143.00 to $144.00 in a research report report published on Friday morning, Marketbeat.com reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other analysts also recently commented on the stock. Oppenheimer increased their price objective on shares of ESAB from $142.00 to $148.00 and gave the company an “outperform” rating in a research report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of ESAB in a research note on Monday, December 29th. JPMorgan Chase & Co. cut their price target on shares of ESAB from $140.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. Wall Street Zen lowered shares of ESAB from a “buy” rating to a “hold” rating in a report on Sunday, December 28th. Finally, UBS Group increased their target price on ESAB from $147.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ESAB currently has an average rating of “Moderate Buy” and an average target price of $142.13.

ESAB Price Performance

Shares of ESAB stock opened at $120.88 on Friday. The company’s fifty day simple moving average is $113.94 and its two-hundred day simple moving average is $116.47. ESAB has a 12-month low of $100.17 and a 12-month high of $135.84. The firm has a market cap of $7.34 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 2.10 and a beta of 1.24. The company has a quick ratio of 1.24, a current ratio of 1.99 and a debt-to-equity ratio of 0.62.

ESAB (NYSE:ESAB) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.05. ESAB had a return on equity of 15.93% and a net margin of 8.70%.The business had revenue of $727.85 million during the quarter, compared to analysts’ expectations of $663.57 million. During the same quarter last year, the business posted $1.25 EPS. The business’s revenue was up 8.1% on a year-over-year basis. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. As a group, equities analysts expect that ESAB will post 5.16 EPS for the current year.

ESAB Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Wednesday, December 31st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, December 31st. ESAB’s payout ratio is 10.08%.

Institutional Trading of ESAB

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC purchased a new stake in ESAB during the 3rd quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of ESAB by 109.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock worth $40,000 after buying an additional 174 shares in the last quarter. AlphaQuest LLC bought a new position in shares of ESAB during the third quarter worth $58,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in ESAB during the second quarter valued at $59,000. Finally, Farther Finance Advisors LLC grew its stake in ESAB by 60.4% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $75,000 after acquiring an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 91.13% of the company’s stock.

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.