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 Q3 regulatory filings by fund managers ($100M+ AUM)
352% more call options, than puts
Call options by funds: $6.14M | Put options by funds: $1.36M
13% more capital invested
Capital invested by funds: $5.27B [Q2] → $5.94B (+$670M) [Q3]
0.14% more ownership
Funds ownership: 92.34% [Q2] → 92.48% (+0.14%) [Q3]
7% less funds holding
Funds holding: 315 [Q2] → 292 (-23) [Q3]
28% less repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 123
40% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 57
50% less funds holding in top 10
Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Stifel Nathan Jones 89% 1-year accuracy 64 / 72 met price target | 5%upside $130 | Hold Downgraded | 18 Nov 2024 |
Evercore ISI Group David Raso 72% 1-year accuracy 13 / 18 met price target | 1%downside $122 | Underperform Downgraded | 13 Nov 2024 |
Oppenheimer Bryan Blair 72% 1-year accuracy 28 / 39 met price target | 17%upside $144 | Outperform Reiterated | 8 Nov 2024 |
Loop Capital Chris Dankert 91% 1-year accuracy 10 / 11 met price target | 3%downside $120 | Hold Maintained | 30 Oct 2024 |
Oppenheimer Bryan Blair 72% 1-year accuracy 28 / 39 met price target | 12%upside $138 | Outperform Reiterated | 30 Oct 2024 |
Financial journalist opinion
Based on 8 articles about ESAB published over the past 30 days
