ESAB Corporation (NYSE:ESAB) Receives $138.38 Consensus Target Price from Analysts

ESAB Corporation (NYSE:ESAB) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $138.3750.

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

ESAB Stock Down 3.8%

ESAB stock opened at $79.04 on Wednesday. The stock has a 50-day simple moving average of $91.19 and a two-hundred day simple moving average of $100.41. ESAB has a twelve month low of $78.89 and a twelve month high of $137.42. The firm has a market capitalization of $4.91 billion, a PE ratio of 28.33, a PEG ratio of 1.66 and a beta of 1.19. 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 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 analysts’ expectations of $755.64 million. During the same period in the previous year, the company posted $1.36 earnings per share. The company’s quarterly 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. On average, equities analysts predict that ESAB will post 5.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. Following the transaction, the director directly owned 1,000 shares in the company, valued at $95,000. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ESAB. Royal Bank of Canada increased its position in shares of ESAB by 29.4% in the first quarter. Royal Bank of Canada now owns 51,867 shares of the company’s stock worth $6,042,000 after purchasing an additional 11,772 shares during the last quarter. Millennium Management LLC bought a new stake in ESAB during the first quarter valued at approximately $10,616,000. Goldman Sachs Group Inc. lifted its position in ESAB by 25.9% during the first quarter. Goldman Sachs Group Inc. now owns 458,339 shares of the company’s stock valued at $53,396,000 after purchasing an additional 94,335 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in ESAB by 109.4% in the 2nd 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. Finally, EverSource Wealth Advisors LLC grew its stake in ESAB by 183.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the company’s stock worth $117,000 after buying an additional 629 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.