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

Shares of ESAB Corporation (NYSE:ESAB) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $82.15 and last traded at $82.25, with a volume of 650673 shares traded. The stock had previously closed at $84.81.

Analysts Set New Price Targets

ESAB has been the topic of a number of research reports. Roth Capital upped 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. Oppenheimer decreased their price objective on ESAB from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Stifel Nicolaus lowered their target price on ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. DA Davidson assumed coverage on ESAB in a report on Monday, June 15th. They issued a “buy” rating and a $130.00 target price on the stock. Finally, Weiss Ratings downgraded shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, ESAB has an average rating of “Moderate Buy” and an average price target of $138.38.

ESAB Trading Down 3.2%

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 $5.10 billion, a P/E ratio of 29.41, a price-to-earnings-growth ratio of 1.66 and a beta of 1.19. The firm has a fifty day moving average price of $91.50 and a 200-day moving average price of $100.93.

ESAB (NYSE:ESAB) last released 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). The business had revenue of $807.63 million for the quarter, compared to the consensus estimate of $755.64 million. ESAB had a return on equity of 14.48% and a net margin of 5.75%.The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 earnings per share. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. On average, equities research analysts anticipate that ESAB Corporation will post 5.46 earnings per share for the current year.

Insider Activity at ESAB

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $95.00, for a total transaction of $95,000.00. Following the sale, the director owned 1,000 shares in the company, valued at $95,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 7.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ESAB. Los Angeles Capital Management LLC bought a new stake in shares of ESAB during the 4th quarter worth $33,000. Northwestern Mutual Wealth Management Co. raised its position in ESAB by 109.4% during 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 in the last quarter. Smartleaf Asset Management LLC raised its position in ESAB by 259.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock valued at $43,000 after purchasing an additional 275 shares in the last quarter. Global Retirement Partners LLC lifted its stake in ESAB by 3,023.1% during the fourth quarter. Global Retirement Partners LLC now owns 406 shares of the company’s stock worth $45,000 after purchasing an additional 393 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in ESAB by 185.3% during the fourth quarter. UMB Bank n.a. now owns 642 shares of the company’s stock worth $72,000 after purchasing an additional 417 shares during the last quarter. 91.13% of the stock is owned by institutional investors.

About ESAB

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.