Shares of ESAB Corporation (NYSE:ESAB – Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $73.31 and last traded at $74.0360, with a volume of 652339 shares traded. The stock had previously closed at $74.04.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on ESAB shares. Stifel Nicolaus decreased their target price on ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Roth Capital lifted their price target on ESAB from $142.00 to $151.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. DA Davidson began coverage on ESAB in a research note on Monday, June 15th. They issued a “buy” rating and a $130.00 price target on the stock. Oppenheimer reduced their price target on ESAB from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Finally, Weiss Ratings downgraded ESAB from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $138.14.
View Our Latest Stock Analysis on ESAB
ESAB Price Performance
ESAB (NYSE:ESAB – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.33 earnings per share 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 last year, the company posted $1.36 EPS. ESAB’s revenue for the quarter was up 12.9% compared to the same quarter last year. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. As a group, analysts anticipate that ESAB Corporation will post 5.46 earnings per share for the current year.
Insider Activity at ESAB
In related news, Director Rhonda L. Jordan sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. Following the sale, the director owned 1,000 shares in the company, valued at $95,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 7.20% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On ESAB
Hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC purchased a new stake in shares of ESAB in the fourth quarter worth $33,000. Northwestern Mutual Wealth Management Co. raised its position in shares of ESAB by 109.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock worth $40,000 after purchasing an additional 174 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in ESAB by 259.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock worth $43,000 after purchasing an additional 275 shares in the last quarter. Global Retirement Partners LLC boosted its stake in ESAB by 3,023.1% in the 4th quarter. Global Retirement Partners LLC now owns 406 shares of the company’s stock worth $45,000 after purchasing an additional 393 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in ESAB by 185.3% in the 4th quarter. UMB Bank n.a. now owns 642 shares of the company’s stock worth $72,000 after purchasing an additional 417 shares in the last quarter. 91.13% of the stock is owned by 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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