ESAB (NYSE:ESAB) Shares Climb 8.9% – What’s Next?

ESAB Corporation (NYSE:ESAB) rose 8.9% on Monday. The company traded as high as $75.67 and last traded at $75.95. Approximately 151,848 shares were traded during trading, a decline of 79% from the average daily volume of 731,466 shares. The stock had previously closed at $69.76.

Analyst Ratings Changes

ESAB has been the topic of several analyst reports. Stifel Nicolaus set a $114.00 target price on shares of ESAB in a research note on Monday, October 19th. Roth Capital reiterated a “buy” rating and set a $133.00 target price (down from $151.00) on shares of ESAB in a research note on Tuesday, September 15th. Oppenheimer decreased their price target on ESAB from $135.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, October 21st. JPMorgan Chase & Co. lowered their price target on ESAB from $125.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Finally, Weiss Ratings lowered ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.67.

ESAB Stock Up 9.5%

The company has a 50-day moving average of $70.11 and a two-hundred day moving average of $93.57. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.96 and a quick ratio of 1.22. The company has a market capitalization of $4.75 billion, a PE ratio of 27.34, a P/E/G ratio of 1.11 and a beta of 1.17.

ESAB (NYSE:ESAB) last released its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.04). ESAB had a return on equity of 14.48% and a net margin of 5.75%. The firm had revenue of $807.63 million during the quarter, compared to analysts’ expectations of $755.64 million. During the same period in the prior year, the company posted $1.36 earnings per share. The company’s revenue was up 12.9% compared to the same quarter last year. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Sell-side analysts anticipate that ESAB Corporation will post 5.40 earnings per share for the current fiscal 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 paid 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 is 17.20%.

Insider Activity

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. Following the completion of the transaction, the director directly owned 1,000 shares in the company, valued at $95,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 7.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ESAB. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of ESAB by 86.8% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 551 shares of the company’s stock worth $36,000 after purchasing an additional 256 shares during the last quarter. Global Retirement Partners LLC bought a new position in ESAB during the second quarter valued at approximately $76,000. EverSource Wealth Advisors LLC grew its holdings in ESAB by 25.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 865 shares of the company’s stock valued at $84,000 after buying an additional 176 shares in the last quarter. Ascentis Independent Advisors bought a new position in shares of ESAB during the 1st quarter valued at approximately $105,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of ESAB during the 2nd quarter valued at approximately $151,000. 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.