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

Shares of ESAB Corporation (NYSE:ESAB) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $67.21 and last traded at $67.4350, with a volume of 1241021 shares. The stock had previously closed at $70.69.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ESAB shares. Oppenheimer reduced their target price on ESAB from $140.00 to $135.00 and set an “outperform” rating for the company in a 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. Weiss Ratings cut ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Stifel Nicolaus reduced their price objective on ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Finally, DA Davidson started coverage on ESAB in a report on Monday, June 15th. They issued a “buy” rating and a $130.00 price objective for the company. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.57.

ESAB Stock Performance

The stock has a market cap of $4.14 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 1.31 and a beta of 1.17. The stock has a fifty day moving average of $82.14 and a 200-day moving average of $92.53. The company has a quick ratio of 1.22, a current ratio of 1.96 and a debt-to-equity ratio of 0.99.

ESAB (NYSE:ESAB) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.33 EPS 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 company had revenue of $807.63 million for the quarter, compared to analysts’ expectations of $755.64 million. During the same period in the prior year, the company earned $1.36 earnings per share. The firm’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. On average, equities analysts forecast that ESAB Corporation will post 5.46 EPS for the current year.

ESAB Announces Dividend

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

Insider Buying and Selling at ESAB

In related news, Director Rhonda L. Jordan sold 1,000 shares of ESAB stock in a transaction 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 in the company, valued at $95,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.20% of the stock is currently owned by corporate insiders.

Institutional Trading of ESAB

Several hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its stake in shares of ESAB by 0.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,006,238 shares of the company’s stock worth $894,457,000 after acquiring an additional 45,841 shares during the period. BlackRock Inc. purchased a new position in ESAB during the second quarter worth about $524,533,000. Geode Capital Management LLC lifted 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 purchasing an additional 16,466 shares during the period. Bessemer Group Inc. boosted its holdings in ESAB by 16.3% in the 1st quarter. Bessemer Group Inc. now owns 1,225,702 shares of the company’s stock valued at $118,475,000 after purchasing an additional 171,926 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in ESAB by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,215,909 shares of the company’s stock valued at $117,500,000 after purchasing an additional 34,383 shares in the last quarter. Institutional investors and hedge funds 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 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.