Insider Selling: ESAB (NYSE:ESAB) Director Sells $294,384.38 in Stock

ESAB Corporation (NYSE:ESAB) Director Rhonda Jordan sold 3,733 shares of the company’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $78.86, for a total value of $294,384.38. Following the transaction, the director directly owned 3,733 shares in the company, valued at $294,384.38. 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 the SEC website.

ESAB Stock Up 0.3%

ESAB stock opened at $83.12 on Monday. The stock has a fifty day moving average of $69.92 and a 200-day moving average of $92.53. ESAB Corporation has a fifty-two week low of $62.74 and a fifty-two week high of $137.42. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 1.33 and a beta of 1.17. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.19 and a current ratio of 1.92.

ESAB (NYSE:ESAB) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). The firm had revenue of $824.52 million during the quarter, compared to the consensus estimate of $786.68 million. ESAB had a net margin of 5.05% and a return on equity of 14.17%. The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.32 earnings per share. As a group, equities research analysts predict that ESAB Corporation will post 5.34 earnings per share for the current year.

ESAB Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $0.48 annualized dividend and a dividend yield of 0.6%. ESAB’s payout ratio is 19.43%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ESAB. BlackRock Inc. bought a new position in shares of ESAB during the 2nd quarter valued at $524,533,000. Cooke & Bieler LP lifted its stake in ESAB by 73.3% in the third quarter. Cooke & Bieler LP now owns 2,200,682 shares of the company’s stock worth $144,981,000 after purchasing an additional 930,955 shares during the last quarter. Bessemer Group Inc. lifted its stake in ESAB by 16.3% in the first quarter. Bessemer Group Inc. now owns 1,225,702 shares of the company’s stock worth $118,475,000 after purchasing an additional 171,926 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in ESAB by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,215,909 shares of the company’s stock valued at $117,500,000 after buying an additional 34,383 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in ESAB by 21.7% during the first quarter. Bank of New York Mellon Corp now owns 984,297 shares of the company’s stock valued at $95,142,000 after buying an additional 175,398 shares during the period. 91.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ESAB shares. Stifel Nicolaus set a $114.00 target price on shares of ESAB in a report on Monday, October 19th. UBS Group cut their price target on ESAB from $145.00 to $115.00 and set a “buy” rating for the company in a report on Thursday. Weiss Ratings cut ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Roth Capital reiterated a “buy” rating and set a $133.00 price objective (down from $151.00) on shares of ESAB in a research note on Tuesday, September 15th. Finally, JPMorgan Chase & Co. dropped their price objective on ESAB from $125.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, ESAB currently has an average rating of “Moderate Buy” and an average target price of $118.14.

Key Headlines Impacting ESAB

Here are the key news stories impacting ESAB this week:

• Positive Sentiment: UBS maintained its Buy rating and set a $115 price target, which is still above the share price despite being cut from $145. UBS target and rating
• Neutral Sentiment: ESAB said it is targeting net leverage in the mid-2s by the end of 2027, a debt-reduction goal that could help address investor concerns about acquisition-related borrowing. 2026 outlook and leverage target
• Negative Sentiment: Third-quarter revenue rose 13.3% year over year to $824.5 million and topped estimates, but EPS of $1.30 missed the $1.33 consensus. Reports also cite margin compression and reduced guidance, tempering the revenue growth. Q3 results and outlook
• Negative Sentiment: Director Rhonda L. Jordan sold 3,733 shares, cutting her direct holding by 50%. The sale may raise concern, though the transaction alone does not establish the director’s outlook for the company. SEC Form 4 filing

About ESAB

ESAB Corporation (NYSE: ESAB) develops and supplies equipment, consumables and digital solutions for welding and cutting. Its products include welding power sources, filler metals, automated welding systems, plasma and gas cutting equipment, and gas control products used in manufacturing, construction, energy and other industrial markets.

The company serves customers around the world through a network of manufacturing, sales and distribution operations. Its brands include ESAB and Victor, and its offerings also cover software and services that support welding and cutting workflows.

ESAB traces its origins to 1904, when Swedish engineer Oscar Kjellberg founded the company and developed a coated welding electrode.