ESAB (NYSE:ESAB) Hits New 52-Week Low – What’s Next?

ESAB Corporation (NYSE:ESAB)’s stock price reached a new 52-week low on Monday . The stock traded as low as $64.83 and last traded at $66.2410, with a volume of 1034785 shares. The stock had previously closed at $64.94.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Weiss Ratings lowered ESAB from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. DA Davidson initiated coverage on ESAB in a report on Monday, June 15th. They set a “buy” rating and a $130.00 target price for the company. Oppenheimer reduced their target price 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 reaffirmed a “buy” rating and set a $133.00 price target (down from $151.00) on shares of ESAB in a research report on Tuesday, September 15th. Finally, Stifel Nicolaus dropped their price objective 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. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, ESAB currently has a consensus rating of “Moderate Buy” and an average price target of $135.57.

ESAB Trading Up 2.3%

The business has a 50-day moving average price of $80.46 and a two-hundred day moving average price of $91.01. The stock has a market capitalization of $4.26 billion, a P/E ratio of 24.56, a P/E/G ratio of 1.31 and a beta of 1.17. 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 (NYSE:ESAB) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.33 EPS 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 company had revenue of $807.63 million during the quarter, compared to the consensus estimate of $755.64 million. During the same quarter in the previous year, the business posted $1.36 EPS. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. On average, analysts expect that ESAB Corporation will post 5.46 EPS for the current fiscal year.

ESAB Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 2nd. ESAB’s dividend payout ratio is 17.20%.

Insider Activity

In related news, Director Rhonda L. 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 value of $95,000.00. Following the transaction, the director directly owned 1,000 shares of the company’s stock, valued at $95,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 7.20% of the company’s stock.

Institutional Investors Weigh In On ESAB

A number of large investors have recently modified their holdings of ESAB. T. Rowe Price Investment Management Inc. raised its holdings in shares of ESAB by 0.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,006,238 shares of the company’s stock worth $894,457,000 after buying an additional 45,841 shares in the last quarter. BlackRock Inc. acquired a new stake in ESAB in the second quarter valued at about $524,533,000. Geode Capital Management LLC grew its position in ESAB by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,318,269 shares of the company’s stock valued at $147,300,000 after acquiring an additional 16,466 shares during the last quarter. Bessemer Group Inc. grew its position in ESAB by 16.3% in the first quarter. Bessemer Group Inc. now owns 1,225,702 shares of the company’s stock valued at $118,475,000 after acquiring an additional 171,926 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in ESAB by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,215,909 shares of the company’s stock worth $117,500,000 after acquiring an additional 34,383 shares in the last quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.

ESAB Company Profile

ESAB Corporation (NYSE: ESAB) is a global provider of welding and cutting technologies. The company develops and manufactures welding equipment, welding consumables, cutting systems, automation solutions and related accessories used in industrial, commercial and maintenance applications.

Its product portfolio includes arc-welding equipment, electrodes and welding wires, gas and plasma cutting systems, robotic and automated welding solutions, and digital tools designed to improve fabrication processes.