Key Points
- ESAB Director Rhonda Jordan sold 1,000 shares at an average price of $95, generating $95,000 and reducing her ownership by 50% to 1,000 shares.
- ESAB shares opened at $85.40, down 7%, after the company reported quarterly EPS of $1.33, missing estimates by $0.04, despite revenue rising 12.9% year over year to $807.63 million.
- Analysts maintain a “Moderate Buy” consensus, with eight Buy ratings and two Holds and an average price target of $138.38; institutional investors own 91.13% of the stock.
ESAB Corporation (NYSE:ESAB - Get Free Report) Director Rhonda Jordan sold 1,000 shares of ESAB stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the completion of the sale, the director owned 1,000 shares in the company, valued at $95,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
ESAB Stock Down 7.0%
Shares of ESAB stock opened at $85.40 on Tuesday. The firm's fifty day moving average price is $91.73 and its two-hundred day moving average price is $101.90. The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99. ESAB Corporation has a 1 year low of $82.18 and a 1 year high of $137.42. The firm has a market capitalization of $5.31 billion, a P/E ratio of 30.61, a PEG ratio of 1.79 and a beta of 1.19.
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 the consensus estimate of $1.37 by ($0.04). The company had revenue of $807.63 million during the quarter, compared to the consensus estimate of $755.64 million. ESAB had a net margin of 5.75% and a return on equity of 14.48%. ESAB's revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 EPS. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. On average, equities analysts predict that ESAB Corporation will post 5.46 EPS for the current fiscal year.
Wall Street Analyst Weigh In
ESAB has been the subject of several recent analyst reports. DA Davidson began coverage on ESAB in a report on Monday, June 15th. They issued a "buy" rating and a $130.00 price objective for the company. Oppenheimer decreased their price objective on shares of ESAB from $140.00 to $135.00 and set an "outperform" rating for the company in a research report on Tuesday, July 21st. Roth Capital upped their target price on shares of ESAB from $142.00 to $151.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Stifel Nicolaus cut their target price on shares of ESAB from $141.00 to $137.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of ESAB in a report on Friday, July 24th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, ESAB presently has an average rating of "Moderate Buy" and an average price target of $138.38.
Read Our Latest Stock Analysis on ESAB
Institutional Trading of ESAB
Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in ESAB by 29.4% in the 1st quarter. Royal Bank of Canada now owns 51,867 shares of the company's stock valued at $6,042,000 after acquiring an additional 11,772 shares during the period. Millennium Management LLC bought a new stake in shares of ESAB during the first quarter worth approximately $10,616,000. Goldman Sachs Group Inc. boosted its holdings 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 period. Northwestern Mutual Wealth Management Co. grew its position in shares of ESAB by 109.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company's stock valued at $40,000 after purchasing an additional 174 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of ESAB by 183.4% in the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the company's stock valued at $117,000 after purchasing an additional 629 shares during the last quarter. Institutional investors and hedge funds own 91.13% of the company's stock.
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.
Further Reading
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