ESAB Corporation (NYSE:ESAB – Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $77.14 and last traded at $77.37, with a volume of 80855 shares changing hands. The stock had previously closed at $78.99.
Wall Street Analyst Weigh In
A number of analysts have commented on ESAB shares. Stifel Nicolaus reduced their price target on ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Weiss Ratings cut ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Oppenheimer cut their price objective on ESAB from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. DA Davidson assumed coverage on shares of ESAB in a report on Monday, June 15th. They issued a “buy” rating and a $130.00 target price for the company. Finally, Roth Capital raised their target price on shares of ESAB from $142.00 to $151.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $138.14.
Get Our Latest Analysis on ESAB
ESAB Stock Performance
ESAB (NYSE:ESAB – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $755.64 million. During the same quarter in the previous year, the company posted $1.36 EPS. The company’s quarterly revenue was up 12.9% on a year-over-year basis. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. On average, equities research analysts anticipate that ESAB Corporation will post 5.46 EPS for the current year.
Insider Activity at ESAB
In other news, Director Rhonda L. 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 owned 1,000 shares of the company’s stock, valued at $95,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.20% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in ESAB by 29.4% during the 1st quarter. Royal Bank of Canada now owns 51,867 shares of the company’s stock valued at $6,042,000 after buying an additional 11,772 shares in the last quarter. Millennium Management LLC purchased a new position in shares of ESAB in the first quarter worth $10,616,000. Goldman Sachs Group Inc. boosted its position in shares of ESAB by 25.9% during the first quarter. Goldman Sachs Group Inc. now owns 458,339 shares of the company’s stock worth $53,396,000 after acquiring an additional 94,335 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of ESAB by 109.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock worth $40,000 after acquiring an additional 174 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of ESAB by 183.4% during the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the company’s stock worth $117,000 after acquiring an additional 629 shares during the last quarter. 91.13% of the stock is owned by hedge funds and other institutional investors.
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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