ESAB Corporation (NYSE:ESAB) Announces $0.12 Quarterly Dividend

ESAB Corporation (NYSE:ESAB) announced a quarterly dividend on Thursday, September 10th. Investors of record on Friday, October 2nd will be given a dividend of 0.12 per share on Friday, October 16th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, October 2nd.

ESAB has a payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ESAB to earn $6.54 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 7.3%.

ESAB Stock Performance

Shares of NYSE:ESAB opened at $69.22 on Friday. ESAB has a 1 year low of $68.22 and a 1 year high of $137.42. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 1.42 and a beta of 1.17. 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’s 50 day simple moving average is $84.12 and its 200 day simple moving average is $94.11.

ESAB (NYSE:ESAB) last released its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share 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 firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 earnings per share. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. As a group, research analysts predict that ESAB will post 5.46 EPS for the current fiscal year.

Insider Activity at ESAB

In other 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 value 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 represents a 50.00% decrease in their position. The sale 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.

Institutional Investors Weigh In On ESAB

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new position in ESAB in the fourth quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of ESAB by 109.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock worth $40,000 after purchasing an additional 174 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of ESAB by 259.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock worth $43,000 after purchasing an additional 275 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of ESAB by 3,023.1% in the fourth quarter. Global Retirement Partners LLC now owns 406 shares of the company’s stock valued at $45,000 after buying an additional 393 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of ESAB by 185.3% in the fourth quarter. UMB Bank n.a. now owns 642 shares of the company’s stock valued at $72,000 after buying an additional 417 shares during the period. Institutional investors own 91.13% of the company’s stock.

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.