ESAB Corporation (NYSE:ESAB – Get Free Report) Director Rhonda Jordan sold 1,000 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. Following the completion of the transaction, the director directly owned 1,000 shares of the company’s stock, valued at $95,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
ESAB Price Performance
ESAB traded down $6.46 during trading on Monday, hitting $85.40. The company’s stock had a trading volume of 902,299 shares, compared to its average volume of 626,648. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 30.61, a P/E/G ratio of 1.79 and a beta of 1.19. ESAB Corporation has a twelve month low of $82.18 and a twelve month high of $137.42. The business’s fifty day simple moving average is $91.83 and its 200 day simple moving average is $102.13. The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99.
ESAB (NYSE:ESAB – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.04). ESAB had a return on equity of 14.48% and a net margin of 5.75%.The business had revenue of $807.63 million for the quarter, compared to analyst estimates of $755.64 million. During the same period in the previous year, the company earned $1.36 earnings per share. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. On average, equities research analysts forecast that ESAB Corporation will post 5.46 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
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Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its stake in ESAB by 33.9% during the fourth quarter. Teacher Retirement System of Texas now owns 177,428 shares of the company’s stock worth $19,822,000 after purchasing an additional 44,877 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of ESAB by 37.8% during the fourth quarter. TimesSquare Capital Management LLC now owns 959,101 shares of the company’s stock worth $107,151,000 after buying an additional 262,850 shares during the period. Bessemer Group Inc. grew its stake in shares of ESAB by 6,787.0% in the fourth quarter. Bessemer Group Inc. now owns 1,053,776 shares of the company’s stock valued at $117,730,000 after buying an additional 1,038,475 shares in the last quarter. Schwartz Investment Counsel Inc. acquired a new stake in shares of ESAB in the fourth quarter valued at $8,938,000. Finally, William Blair Investment Management LLC purchased a new stake in shares of ESAB in the 4th quarter valued at $22,905,000. Hedge funds and other institutional investors own 91.13% of the company’s stock.
ESAB Company Profile
ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.
Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.
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