ESAB (NYSE:ESAB) Sets New 12-Month Low – Here’s What Happened

ESAB Corporation (NYSE:ESAB)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $73.21 and last traded at $73.5760, with a volume of 9225 shares changing hands. The stock had previously closed at $74.74.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ESAB shares. DA Davidson initiated coverage on shares of ESAB in a research report on Monday, June 15th. They issued a “buy” rating and a $130.00 price target for the company. Weiss Ratings cut ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. 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 raised their price target on ESAB from $142.00 to $151.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Finally, Stifel Nicolaus cut their price target on ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, ESAB presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.14.

ESAB Price Performance

The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.96. The company has a market capitalization of $4.30 billion, a PE ratio of 24.81, a P/E/G ratio of 1.42 and a beta of 1.17. The company’s 50-day simple moving average is $84.12 and its 200-day simple moving average is $94.11.

ESAB (NYSE:ESAB) last announced its 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 net margin of 5.75% and a return on equity of 14.48%. The business had revenue of $807.63 million during the quarter, compared to analysts’ expectations of $755.64 million. During the same period in the previous year, the company posted $1.36 earnings per share. ESAB’s quarterly revenue was up 12.9% on a year-over-year basis. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. As a group, sell-side analysts anticipate that ESAB Corporation will post 5.46 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Rhonda L. Jordan sold 1,000 shares of the firm’s 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 completion of the sale, the director owned 1,000 shares in the company, valued at approximately $95,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.20% of the company’s stock.

Hedge Funds Weigh In On ESAB

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its holdings in ESAB by 0.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,006,238 shares of the company’s stock valued at $894,457,000 after acquiring an additional 45,841 shares during the period. California State Teachers Retirement System grew its position in shares of ESAB by 9,178.5% in the second quarter. California State Teachers Retirement System now owns 6,249,789 shares of the company’s stock valued at $616,417,000 after purchasing an additional 6,182,431 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in ESAB by 11.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,852,692 shares of the company’s stock worth $653,864,000 after buying an additional 613,327 shares in the last quarter. BlackRock Inc. acquired a new position in ESAB in the 2nd quarter valued at about $524,533,000. Finally, Durable Capital Partners LP lifted its stake in shares of ESAB by 40.5% during the third quarter. Durable Capital Partners LP now owns 1,945,854 shares of the company’s stock valued at $217,430,000 after buying an additional 560,678 shares during the period. Institutional investors and hedge funds own 91.13% of the company’s stock.

ESAB Company Profile

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.