ESAB (NYSE:ESAB) Reaches New 12-Month Low – Should You Sell?

ESAB Corporation (NYSE:ESAB)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $73.31 and last traded at $74.0360, with a volume of 652339 shares trading hands. The stock had previously closed at $74.04.

Analyst Ratings Changes

ESAB has been the topic of several research analyst reports. Oppenheimer dropped their target price on shares of ESAB from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. DA Davidson assumed coverage on shares of ESAB in a report on Monday, June 15th. They issued a “buy” rating and a $130.00 price target for the company. Weiss Ratings lowered shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Stifel Nicolaus cut their price objective 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. Finally, Roth Capital upped their target price 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. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $138.14.

ESAB Stock Up 0.5%

The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99. The firm’s 50 day simple moving average is $85.95 and its 200-day simple moving average is $96.03. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 1.46 and a beta of 1.17.

ESAB (NYSE:ESAB) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, missing the consensus estimate 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 quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the firm earned $1.36 earnings per share. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Equities analysts expect that ESAB Corporation will post 5.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of the firm’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 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 available through this link. 7.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ESAB. Thrivent Financial for Lutherans increased its stake in shares of ESAB by 0.7% during the second quarter. Thrivent Financial for Lutherans now owns 13,417 shares of the company’s stock worth $1,617,000 after purchasing an additional 95 shares during the period. Public Employees Retirement System of Ohio increased its position in ESAB by 0.5% during the third quarter. Public Employees Retirement System of Ohio now owns 19,605 shares of the company’s stock worth $2,191,000 after acquiring an additional 107 shares during the period. HB Wealth Management LLC raised its stake in ESAB by 5.0% in the 1st quarter. HB Wealth Management LLC now owns 2,479 shares of the company’s stock worth $240,000 after purchasing an additional 118 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in ESAB by 5.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,689 shares of the company’s stock valued at $300,000 after acquiring an additional 149 shares in the last quarter. Finally, Lafayette Investments Inc. lifted its position in ESAB by 0.5% during the fourth quarter. Lafayette Investments Inc. now owns 34,266 shares of the company’s stock worth $3,828,000 after purchasing an additional 161 shares during the period. 91.13% of the stock is owned by institutional investors and hedge funds.

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.