ESAB Co. (NYSE:ESAB) Receives $133.57 Consensus Target Price from Analysts

Shares of ESAB Co. (NYSE:ESAB - Get Free Report) have earned a consensus rating of "Hold" from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $133.57.

Several research analysts have weighed in on the company. Jefferies Financial Group assumed coverage on ESAB in a report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price target for the company. Stifel Nicolaus boosted their price target on ESAB from $130.00 to $131.00 and gave the company a "hold" rating in a report on Friday, January 24th. Evercore ISI downgraded ESAB from an "in-line" rating to an "underperform" rating and boosted their price target for the company from $102.00 to $122.00 in a report on Wednesday, November 13th. Oppenheimer reiterated an "outperform" rating and issued a $144.00 price target (up from $138.00) on shares of ESAB in a report on Friday, November 8th. Finally, Loop Capital boosted their price target on ESAB from $105.00 to $120.00 and gave the company a "hold" rating in a report on Wednesday, October 30th.

ESAB Price Performance

ESAB stock traded down $0.19 on Friday, reaching $122.66. The company had a trading volume of 110,629 shares, compared to its average volume of 188,564. ESAB has a 1 year low of $87.12 and a 1 year high of $135.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 1.92. The company's fifty day moving average is $123.05 and its 200 day moving average is $114.27. The company has a market cap of $7.42 billion, a P/E ratio of 28.73, a PEG ratio of 2.01 and a beta of 1.36.

ESAB Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.26%. ESAB's payout ratio is 7.49%.

Institutional Trading of ESAB

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in ESAB by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,546,104 shares of the company's stock worth $665,200,000 after purchasing an additional 20,741 shares during the period. FMR LLC boosted its position in ESAB by 6.2% during the 3rd quarter. FMR LLC now owns 2,196,522 shares of the company's stock worth $233,512,000 after purchasing an additional 127,714 shares during the period. JPMorgan Chase & Co. boosted its position in ESAB by 21.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,900,115 shares of the company's stock worth $202,001,000 after purchasing an additional 337,983 shares during the period. State Street Corp boosted its position in ESAB by 3.4% during the 3rd quarter. State Street Corp now owns 1,692,161 shares of the company's stock worth $180,028,000 after purchasing an additional 55,458 shares during the period. Finally, Geode Capital Management LLC boosted its position in ESAB by 19.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,160,056 shares of the company's stock valued at $123,353,000 after buying an additional 190,583 shares during the last quarter. 91.13% of the stock is currently owned by institutional investors and hedge funds.

About ESAB

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.