Boston Trust Walden Corp cut its holdings in ESAB Corporation (NYSE:ESAB – Free Report) by 5.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 219,862 shares of the company’s stock after selling 11,459 shares during the period. Boston Trust Walden Corp’s holdings in ESAB were worth $14,485,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of the business. Bank of America Corp DE purchased a new stake in shares of ESAB during the 2nd quarter valued at $22,938,000. Medina Value Partners LLC bought a new stake in shares of ESAB during the 2nd quarter worth $22,234,753. Tidal Investments LLC purchased a new position in shares of ESAB in the 2nd quarter worth about $2,195,000. Legal & General Group Plc purchased a new position in shares of ESAB in the 2nd quarter worth about $7,223,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in ESAB during the second quarter valued at about $51,843,000. 91.13% of the stock is owned by institutional investors.
Trending Headlines about ESAB
Here are the key news stories impacting ESAB this week:
- Positive Sentiment: Q3 revenue rose 13.3% year over year to $824.5 million, topping analyst expectations of about $786.7 million. Reports also pointed to solid growth across business segments. ESAB Corporation Announces Third Quarter 2026 Results
- Neutral Sentiment: Management is targeting net leverage in the mid-2s by the end of 2027, indicating a focus on reducing debt following acquisition-related borrowing. ESAB signals 2026 adjusted EPS and leverage targets
- Negative Sentiment: Adjusted earnings per share were $1.30, below the $1.33 consensus and down from $1.32 a year earlier. Coverage cited margin compression and a reduced 2026 adjusted EPS outlook of $5.28–$5.33, overshadowing sales growth. ESAB Q3 2026 deep dive
- Negative Sentiment: UBS lowered its price target to $115 from $145, reflecting a more cautious valuation view, while maintaining its Buy rating. UBS adjusts ESAB price target
ESAB Stock Up 1.0%
ESAB stock opened at $79.15 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.22 and a current ratio of 1.92. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 1.27 and a beta of 1.17. ESAB Corporation has a fifty-two week low of $62.74 and a fifty-two week high of $137.42. The stock has a fifty day moving average of $69.83 and a 200-day moving average of $92.71.
ESAB (NYSE:ESAB – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). ESAB had a return on equity of 14.17% and a net margin of 5.05%. The firm had revenue of $824.52 million during the quarter, compared to analysts’ expectations of $786.68 million. During the same period last year, the business posted $1.32 EPS. The company’s revenue was up 13.3% compared to the same quarter last year. As a group, equities research analysts predict that ESAB Corporation will post 5.30 earnings per share for the current year.
ESAB Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, October 2nd. ESAB’s dividend payout ratio (DPR) is currently 19.43%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on ESAB shares. Oppenheimer decreased their price objective on shares of ESAB from $135.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, October 21st. Roth Capital reiterated a “buy” rating and issued a $133.00 target price (down from $151.00) on shares of ESAB in a research note on Tuesday, September 15th. Stifel Nicolaus set a $114.00 target price on shares of ESAB in a research report on Monday, October 19th. Weiss Ratings lowered shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. decreased their price target on shares of ESAB from $125.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th. Six 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 a consensus rating of “Moderate Buy” and an average price target of $118.67.
ESAB Company Profile
ESAB Corporation (NYSE: ESAB) is a global provider of welding and cutting technologies. The company develops and supplies equipment, consumables, automation solutions and related products used to join, cut and process metals across industrial and commercial applications.
Its product portfolio includes welding machines, cutting systems, welding electrodes and wires, filler metals, gas-control equipment, plasma and oxyfuel technologies, and digital or automated solutions. ESAB also offers products and services designed to support fabrication, manufacturing, construction, transportation, energy and maintenance operations.
ESAB serves customers in the Americas, Europe, the Middle East, Africa and the Asia-Pacific region through a portfolio of established brands and distribution channels.
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