ESAB Co. (NYSE:ESAB) Receives $134.14 Consensus Target Price from Analysts

Shares of ESAB Co. (NYSE:ESAB) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $135.75.

A number of equities research analysts have commented on ESAB shares. Jefferies Financial Group started coverage on shares of ESAB in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. JPMorgan Chase & Co. raised their price target on ESAB from $133.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. Stifel Nicolaus lowered their price objective on ESAB from $131.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, February 21st. UBS Group raised ESAB from a “neutral” rating to a “buy” rating and raised their target price for the stock from $123.00 to $147.00 in a research report on Tuesday, April 1st. Finally, Evercore ISI raised ESAB from an “underperform” rating to an “inline” rating and lowered their price target for the company from $122.00 to $120.00 in a report on Monday, February 24th.

ESAB Trading Down 5.0 %

NYSE:ESAB opened at $107.25 on Friday. ESAB has a 12-month low of $88.54 and a 12-month high of $135.97. The firm has a market cap of $6.50 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 2.01 and a beta of 1.37. The company has a current ratio of 1.82, a quick ratio of 1.25 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average price of $121.82 and a 200 day moving average price of $120.25.

ESAB (NYSE:ESAB) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.13. ESAB had a return on equity of 17.43% and a net margin of 9.66%. The business had revenue of $633.20 million during the quarter, compared to analysts’ expectations of $636.43 million. Sell-side analysts anticipate that ESAB will post 5.16 earnings per share for the current fiscal year.

ESAB Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.30%. The ex-dividend date is Friday, April 4th. ESAB’s dividend payout ratio (DPR) is 7.41%.

Institutional Investors Weigh In On ESAB

Several large investors have recently modified their holdings of the company. Michels Family Financial LLC purchased a new stake in ESAB in the 4th quarter valued at $723,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of ESAB by 13.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 167,009 shares of the company’s stock valued at $20,031,000 after buying an additional 20,430 shares during the last quarter. Vident Advisory LLC acquired a new stake in shares of ESAB during the fourth quarter worth about $404,000. Teza Capital Management LLC purchased a new position in shares of ESAB during the fourth quarter worth about $671,000. Finally, State of Wyoming increased its position in ESAB by 69.6% in the 4th quarter. State of Wyoming now owns 2,625 shares of the company’s stock valued at $315,000 after acquiring an additional 1,077 shares during the period. 91.13% of the stock is owned by institutional investors and hedge funds.

ESAB Company Profile

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips.