JPMorgan Chase & Co. Cuts ESAB (NYSE:ESAB) Price Target to $138.00

ESAB (NYSE:ESAB) had its price objective reduced by JPMorgan Chase & Co. from $140.00 to $138.00 in a research note issued to investors on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities research analysts have also commented on ESAB. Wall Street Zen lowered ESAB from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Stifel Nicolaus increased their price target on shares of ESAB from $141.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. UBS Group boosted their price objective on shares of ESAB from $147.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of ESAB in a research report on Monday, December 29th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.25.

ESAB Stock Down 0.1%

Shares of NYSE:ESAB opened at $121.69 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.24 and a current ratio of 1.99. The company has a market cap of $7.39 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. ESAB has a 52 week low of $100.17 and a 52 week high of $135.84. The firm has a 50 day simple moving average of $113.24 and a 200 day simple moving average of $116.77.

ESAB (NYSE:ESAB) last posted 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. The firm had revenue of $727.85 million for the quarter, compared to analysts’ expectations of $663.57 million. ESAB had a net margin of 8.70% and a return on equity of 15.93%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 EPS. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. As a group, research analysts expect that ESAB will post 5.16 earnings per share for the current year.

ESAB Dividend Announcement

The firm also recently disclosed 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 of this dividend was Wednesday, December 31st. ESAB’s dividend payout ratio (DPR) is presently 10.08%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Invesco Ltd. boosted its holdings in ESAB by 1.6% in the second quarter. Invesco Ltd. now owns 2,123,958 shares of the company’s stock worth $256,043,000 after purchasing an additional 33,015 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in shares of ESAB by 5.9% during the 2nd quarter. Champlain Investment Partners LLC now owns 2,043,843 shares of the company’s stock worth $246,385,000 after acquiring an additional 114,744 shares in the last quarter. Durable Capital Partners LP increased its holdings in shares of ESAB by 40.5% during the 3rd quarter. Durable Capital Partners LP now owns 1,945,854 shares of the company’s stock valued at $217,430,000 after acquiring an additional 560,678 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of ESAB by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,272,604 shares of the company’s stock valued at $153,432,000 after acquiring an additional 12,660 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of ESAB by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,145,744 shares of the company’s stock valued at $128,014,000 after acquiring an additional 10,765 shares in the last quarter. Institutional investors own 91.13% of the company’s stock.

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.