ESAB Corporation (NYSE:ESAB – Get Free Report) shares rose 8.9% during mid-day trading on Monday. The company traded as high as $75.67 and last traded at $75.95. 151,848 shares were traded during mid-day trading, a decline of 79% from the average session volume of 731,466 shares. The stock had previously closed at $69.76.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of ESAB from $125.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, October 8th. Roth Capital restated a “buy” rating and issued a $133.00 price target (down from $151.00) on shares of ESAB in a report on Tuesday, September 15th. Stifel Nicolaus set a $114.00 price target on shares of ESAB in a research report on Monday, October 19th. Oppenheimer cut their price objective on shares of ESAB from $135.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, October 21st. Finally, Weiss Ratings lowered shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.67.
Get Our Latest Analysis on ESAB
ESAB Stock Performance
The firm’s 50 day moving average is $70.11 and its 200 day moving average is $93.57. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.96. The stock has a market cap of $4.75 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 1.11 and a beta of 1.17.
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 net margin of 5.75% and a return on equity of 14.48%. The firm had revenue of $807.63 million during the quarter, compared to analyst estimates of $755.64 million. During the same quarter last year, the business earned $1.36 earnings per share. ESAB’s revenue was up 12.9% on a year-over-year basis. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Analysts anticipate that ESAB Corporation will post 5.40 EPS for the current year.
ESAB Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. ESAB’s dividend payout ratio (DPR) is presently 17.20%.
Insiders Place Their Bets
In related 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 transaction of $95,000.00. Following the transaction, the director directly owned 1,000 shares of the company’s stock, valued at $95,000. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 7.20% of the stock is currently owned by company insiders.
Institutional Trading of ESAB
Large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of ESAB during the second quarter worth $524,533,000. Bank of New York Mellon Corp acquired a new position in shares of ESAB in the 2nd quarter valued at $94,210,000. Cooke & Bieler LP raised its stake in ESAB by 73.3% in the 3rd quarter. Cooke & Bieler LP now owns 2,200,682 shares of the company’s stock worth $144,981,000 after acquiring an additional 930,955 shares during the last quarter. TimesSquare Capital Management LLC acquired a new position in shares of ESAB in the second quarter valued at about $56,678,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of ESAB in the second quarter valued at about $51,843,000. Hedge funds and other institutional investors own 91.13% of the company’s stock.
About ESAB
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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