ESAB (NYSE:ESAB) Hits New 1-Year Low – Should You Sell?

ESAB Corporation (NYSE:ESAB) hit a new 52-week low during trading on Monday . The company traded as low as $64.83 and last traded at $66.2410, with a volume of 1034785 shares trading hands. The stock had previously closed at $64.94.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Oppenheimer lowered their price objective on shares of ESAB from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. DA Davidson initiated coverage on shares of ESAB in a report on Monday, June 15th. They set a “buy” rating and a $130.00 target price on the stock. Stifel Nicolaus decreased their target price on shares of ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Weiss Ratings downgraded shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Roth Capital restated 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. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, ESAB presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.57.

ESAB Trading Up 2.5%

The firm has a market cap of $4.14 billion, a PE ratio of 23.88, a PEG ratio of 1.27 and a beta of 1.17. The firm has a fifty day simple moving average of $81.24 and a two-hundred day simple moving average of $91.71. 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 data on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04). The company had revenue of $807.63 million for the quarter, compared to analysts’ expectations of $755.64 million. ESAB had a net margin of 5.75% and a return on equity of 14.48%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 earnings per share. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Equities analysts forecast that ESAB Corporation will post 5.46 EPS for the current year.

ESAB Announces Dividend

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

Insider Buying and Selling at ESAB

In other 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 transaction of $95,000.00. Following the completion of the transaction, the director directly owned 1,000 shares in the company, valued at approximately $95,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.20% of the company’s stock.

Hedge Funds Weigh In On ESAB

Institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC bought a new stake in shares of ESAB during the second quarter valued at approximately $2,195,000. Nykredit A S bought a new stake in ESAB in the 2nd quarter worth about $197,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in ESAB in the 2nd quarter worth about $365,000. HB Wealth Management LLC lifted its stake in ESAB by 29.4% during the 2nd quarter. HB Wealth Management LLC now owns 3,207 shares of the company’s stock valued at $316,000 after acquiring an additional 728 shares during the period. Finally, AlphaGrep UK Ltd bought a new position in ESAB during the 2nd quarter valued at about $247,000. 91.13% of the stock is currently owned by institutional investors.

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.