Key Points
- ESAB CEO Shyam Kambeyanda sold 59,404 shares at an average price of $123.79 for total proceeds of $7.35M, cutting his direct ownership by 37.3% to 99,864 shares (≈$12.36M), per an SEC filing.
- The company reported brief-beat quarterly results with EPS $1.35 (vs. $1.34 est.) and revenue $720.99M (vs. $687.8M), a 7.5% year-over-year revenue increase.
- Wall Street remains generally positive—six Buy and three Hold ratings—with recent price-target increases and an average target of $145.25.
ESAB Corporation (NYSE:ESAB - Get Free Report) CEO Shyam Kambeyanda sold 59,404 shares of ESAB stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $123.79, for a total value of $7,353,621.16. Following the transaction, the chief executive officer directly owned 99,864 shares of the company's stock, valued at approximately $12,362,164.56. This represents a 37.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
ESAB Price Performance
ESAB traded down $0.40 during trading on Thursday, reaching $124.39. 56,483 shares of the stock were exchanged, compared to its average volume of 445,577. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.90 and a quick ratio of 1.24. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 2.31 and a beta of 1.24. ESAB Corporation has a 1 year low of $100.17 and a 1 year high of $137.42. The business's 50 day moving average price is $121.48 and its two-hundred day moving average price is $116.48.
ESAB (NYSE:ESAB - Get Free Report) last released its quarterly earnings results on Friday, February 20th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.01. The business had revenue of $720.99 million during the quarter, compared to the consensus estimate of $687.80 million. ESAB had a return on equity of 15.38% and a net margin of 7.98%.The business's revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.28 EPS. As a group, equities research analysts anticipate that ESAB Corporation will post 5.16 earnings per share for the current year.
ESAB Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, December 31st. ESAB's dividend payout ratio (DPR) is 10.81%.
Hedge Funds Weigh In On ESAB
A number of hedge funds have recently made changes to their positions in the stock. Diamond Hill Capital Management Inc. grew its position in ESAB by 8.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 168,668 shares of the company's stock valued at $18,847,000 after acquiring an additional 12,894 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in shares of ESAB by 28.6% during the third quarter. Van Berkom & Associates Inc. now owns 716,405 shares of the company's stock worth $80,051,000 after purchasing an additional 159,539 shares in the last quarter. Advantage Alpha Capital Partners LP boosted its stake in shares of ESAB by 56.4% in the second quarter. Advantage Alpha Capital Partners LP now owns 26,644 shares of the company's stock valued at $3,212,000 after purchasing an additional 9,608 shares during the period. Daiwa Securities Group Inc. grew its holdings in ESAB by 82.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 39,739 shares of the company's stock valued at $4,791,000 after purchasing an additional 17,911 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its holdings in ESAB by 5.9% during the 2nd quarter. Champlain Investment Partners LLC now owns 2,043,843 shares of the company's stock valued at $246,385,000 after purchasing an additional 114,744 shares in the last quarter. Institutional investors and hedge funds own 91.13% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on ESAB. Oppenheimer boosted their price target on ESAB from $142.00 to $148.00 and gave the stock an "outperform" rating in a report on Friday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of ESAB from $130.00 to $153.00 and gave the stock an "overweight" rating in a report on Monday. Stifel Nicolaus raised their target price on shares of ESAB from $144.00 to $158.00 and gave the stock a "buy" rating in a research report on Monday. Wall Street Zen lowered ESAB from a "buy" rating to a "hold" rating in a research note on Sunday, December 28th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $146.00 price objective (down from $150.00) on shares of ESAB in a research report on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $145.25.
Check Out Our Latest Analysis on ESAB
About ESAB
(
Get Free Report)
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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