ESAB (ESAB)

• Market cap: $7.27B
• 1 day: 0.03%
• 5 days: -6.54%
• 1 month: -6.48%
• 3 months: -4.23%
• 6 months: 19.50%
• Year to date: 1.54%
• 1 year: 27.82%
• 5 years: 140.30%
• 10 years: 140.30%
• Sector: Industrials
• Industry: General Industrial Machinery & Equipment, Not Elsewhere Classified

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: 9,300

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

460% more call options, than puts

Call options by funds: $6.7M | Put options by funds: $1.2M

100% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]

55% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 33

11% more capital invested

Capital invested by funds: $6.15B [Q3] → $6.8B (+$648M) [Q4]

4% more funds holding

Funds holding: 297 [Q3] → 310 (+13) [Q4]

9% less repeat investments, than reductions

Existing positions increased: 100 | Existing positions reduced: 110

2.01% less ownership

Funds ownership: 95.78% [Q3] → 93.76% (-2.01%) [Q4]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $125 4% upside
• Avg. target: $139 16% upside
• High target: $160 33% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

JP Morgan Tami Zakaria 44% 1-year accuracy 15 / 34 met price target	11% upside $133	Overweight Maintained	21 Feb 2025
Stifel Nathan Jones 59% 1-year accuracy 42 / 71 met price target	4% upside $125	Hold Maintained	21 Feb 2025
Jefferies Saree Boroditsky 38% 1-year accuracy 3 / 8 met price target	33% upside $160	Buy Initiated	12 Dec 2024