Insider Selling: ESAB (NYSE:ESAB) Director Sells $95,000.00 in Stock

ESAB Corporation (NYSE:ESAB) Director Rhonda Jordan sold 1,000 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $95.00, for a total transaction of $95,000.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

ESAB Stock Performance

Shares of NYSE:ESAB opened at $86.25 on Thursday. The firm’s 50 day simple moving average is $91.63 and its 200-day simple moving average is $101.43. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.96. ESAB Corporation has a one year low of $82.18 and a one year high of $137.42. The firm has a market cap of $5.36 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19.

ESAB (NYSE:ESAB) last announced its quarterly earnings results 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). ESAB had a net margin of 5.75% and a return on equity of 14.48%. The firm had revenue of $807.63 million during the quarter, compared to analysts’ expectations of $755.64 million. During the same quarter in the previous year, the firm posted $1.36 EPS. The firm’s revenue for the quarter 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, equities analysts predict that ESAB Corporation will post 5.46 EPS for the current year.

Institutional Trading of ESAB

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of ESAB in the 2nd quarter valued at $524,533,000. Bessemer Group Inc. raised its position in shares of ESAB by 6,787.0% in the 4th quarter. Bessemer Group Inc. now owns 1,053,776 shares of the company’s stock worth $117,730,000 after acquiring an additional 1,038,475 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of ESAB during the 2nd quarter worth $94,210,000. Norges Bank purchased a new stake in shares of ESAB during the 4th quarter worth $85,692,000. Finally, Capital Research Global Investors bought a new stake in ESAB during the fourth quarter valued at about $69,099,000. Hedge funds and other institutional investors own 91.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ESAB. DA Davidson began coverage on ESAB in a research report on Monday, June 15th. They set a “buy” rating and a $130.00 price target on the stock. 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. Roth Capital upped their price objective on shares of ESAB from $142.00 to $151.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Stifel Nicolaus dropped their target price on shares of ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, Weiss Ratings downgraded shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $138.38.

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.