ESABESAB
About: ESAB, spun off from Colfax in 2022, is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications. Alongside competitors Lincoln Electric and ITW's Miller brand, ESAB is one of the top three players in the welding space. ESAB generated roughly $2.8 billion in revenue in 2023.
Employees: 9,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
268% more call options, than puts
Call options by funds: $5.07M | Put options by funds: $1.38M
0.39% more ownership
Funds ownership: 91.32% [Q1] → 91.72% (+0.39%) [Q2]
2% less funds holding
Funds holding: 322 [Q1] → 315 (-7) [Q2]
11% less repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 118
14% less capital invested
Capital invested by funds: $6.09B [Q1] → $5.23B (-$858M) [Q2]
15% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 47
33% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
JP Morgan Tami Zakaria 67% 1-year accuracy 16 / 24 met price target | 14%upside $128 | Overweight Maintained | 30 Sept 2024 |
Evercore ISI Group David Raso 77% 1-year accuracy 10 / 13 met price target | 9%downside $102 | In-Line Maintained | 19 Aug 2024 |
B of A Securities Sherif El-Sabbahy 57% 1-year accuracy 4 / 7 met price target | 16%upside $130 | Buy Maintained | 5 Aug 2024 |
JP Morgan Tami Zakaria 67% 1-year accuracy 16 / 24 met price target | 7%upside $120 | Overweight Maintained | 5 Aug 2024 |
Stifel Nathan Jones 86% 1-year accuracy 57 / 66 met price target | 7%upside $120 | Buy Maintained | 18 Jul 2024 |
Financial journalist opinion
Based on 4 articles about ESAB published over the past 30 days