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

ESAB Corporation (NYSE:ESAB) has been given an average rating of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $138.1429.

Several research analysts recently issued reports on the stock. DA Davidson began coverage on shares of ESAB in a research note on Monday, June 15th. They set a “buy” rating and a $130.00 target price on the stock. Weiss Ratings lowered shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Stifel Nicolaus reduced their target price on ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Roth Capital boosted their target price on ESAB from $142.00 to $151.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, Oppenheimer dropped their price target on ESAB from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st.

Insider Activity at ESAB

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 1,000 shares of the company’s stock, valued at approximately $95,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ESAB

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. TimesSquare Capital Management LLC raised its holdings in shares of ESAB by 37.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 959,101 shares of the company’s stock worth $107,151,000 after purchasing an additional 262,850 shares during the period. Bessemer Group Inc. increased its position in ESAB by 6,787.0% in 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 during the last quarter. William Blair Investment Management LLC purchased a new stake in ESAB in the fourth quarter worth $22,905,000. Schwartz Investment Counsel Inc. bought a new stake in shares of ESAB in the fourth quarter valued at $8,938,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of ESAB during the 1st quarter worth $9,606,000. 91.13% of the stock is owned by hedge funds and other institutional investors.

ESAB Stock Performance

NYSE ESAB opened at $75.06 on Friday. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 26.90, a PEG 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 stock has a fifty day simple moving average of $85.95 and a 200 day simple moving average 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 posted its quarterly earnings data on Thursday, August 6th. The company reported $1.33 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 company had revenue of $807.63 million during the quarter, compared to analyst estimates of $755.64 million. During the same period in the prior year, the firm earned $1.36 earnings per share. ESAB’s revenue was up 12.9% compared to the same quarter last year. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Sell-side analysts expect that ESAB will post 5.46 EPS for the current year.

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.