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**B of A Securities Upgrades ESAB (ESAB)** Fintel reports that on September 18, 2023, B of A Securities upgraded their outlook for ESAB (NYSE: ESAB) from Neutral to Buy. **Analyst Price Forecast Suggests 17.98% Upside** As of August 31, 2023, the average one-year price target for ESAB is $80.58. The forecasts range from a low of $61.61 to a high of $95.55. The average price target represents an increase of 17.98% from its latest reported closing price of $68.30. See our leaderboard of companies with the largest price target upside. The projected annual revenue for ESAB is $2,504MM, a decrease of 6.87%. The projected annual non-GAAP EPS is $4.08. **What is the Fund Sentiment?** There are 616 funds or institutions reporting positions in ESAB. This is an increase of 21 owners or 3.53% in the last quarter. Average portfolio weight of all funds dedicated to ESAB is 0.25%, an increase of 6.55%. Total shares owned by institutions decreased in the last three months by 0.87% to 68,500K shares. The put/call ratio of ESAB is 0.28, indicating a bullish outlook. **What are Other Shareholders Doing?** T. Rowe Price Investment Management holds 8,452K shares representing 14.03% ownership of the company. In its prior filing, the firm reported owning 8,502K shares, representing a decrease of 0.60%. The firm increased its portfolio allocation in ESAB by 6.39% over the last quarter. Price T Rowe Associates holds 3,318K shares representing 5.51% ownership of the company. In its prior filing, the firm reported owning 2,546K shares, representing an increase of 23.28%. The firm increased its portfolio allocation in ESAB by 208.33% over the last quarter. RPMGX – T. Rowe Price Mid-Cap Growth Fund holds 3,126K shares representing 5.19% ownership of the company. In its prior filing, the firm reported owning 3,128K shares, representing a decrease of 0.06%. The firm increased its portfolio allocation in ESAB by 8.42% over the last quarter. Cooke & Bieler holds 3,015K shares representing 5.00% ownership of the company. In its prior filing, the firm reported owning 3,872K shares, representing a decrease of 28.42%. The firm decreased its portfolio allocation in ESAB by 16.95% over the last quarter. Diamond Hill Capital Management holds 2,212K shares representing 3.67% ownership of the company. In its prior filing, the firm reported owning 2,434K shares, representing a decrease of 10.06%. The firm decreased its portfolio allocation in ESAB by 1.66% over the last quarter. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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