ESAB (ESAB)

• Market cap: $7.28B
• 1 day: 1.37%
• 5 days: 3.83%
• 1 month: 3.11%
• 3 months: -3.32%
• 6 months: -4.23%
• Year to date: 1.51%
• 1 year: 13.45%
• 5 years: 167.65%
• 10 years: 167.65%
• Sector: Industrials
• Industry: Metal Fabrication

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 $2.7 billion in revenue in 2024.

Employees: 9,300

Fund manager confidence

Based on 2024 Q4 regulatory disclosures 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

14% more capital invested

Capital invested by funds: $5.95B [Q3] → $6.8B (+$853M) [Q4]

5% more funds holding

Funds holding: 297 [Q3] → 312 (+15) [Q4]

1.17% more ownership

Funds ownership: 92.62% [Q3] → 93.8% (+1.17%) [Q4]

8% less repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 110

Research analyst outlook

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

• Low target: $109 9% downside
• Avg. target: $132 10% upside
• High target: $147 22% upside

3 analyst ratings

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

Stifel Nathan Jones 34% 1-year accuracy 25 / 73 met price target	9% downside $109	Hold Maintained	14 Apr 2025
UBS Neal Burk 0% 1-year accuracy 0 / 1 met price target	22% upside $147	Buy Upgraded	1 Apr 2025
JP Morgan Tami Zakaria 31% 1-year accuracy 11 / 35 met price target	17% upside $140	Overweight Maintained	18 Mar 2025