ESAB (NYSE:ESAB) Sets New 52-Week Low – Here’s What Happened

ESAB Corporation (NYSE:ESAB)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $82.15 and last traded at $82.25, with a volume of 650673 shares traded. The stock had previously closed at $84.81.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ESAB. Roth Capital increased their price target on ESAB from $142.00 to $151.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Stifel Nicolaus reduced their price objective on shares of ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Weiss Ratings cut shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. DA Davidson started coverage on shares of ESAB in a research report on Monday, June 15th. They issued a “buy” rating and a $130.00 target price on the stock. Finally, Oppenheimer cut their price target 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. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $138.38.

ESAB Trading Down 3.8%

The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 1.66 and a beta of 1.19. The company has a quick ratio of 1.22, a current ratio of 1.96 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average of $91.19 and a 200-day moving average of $100.41.

ESAB (NYSE:ESAB) last issued its quarterly earnings data 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). ESAB had a net margin of 5.75% and a return on equity of 14.48%. The business had revenue of $807.63 million for the quarter, compared to the consensus estimate of $755.64 million. During the same period in the previous year, the business posted $1.36 EPS. ESAB’s revenue was up 12.9% compared to the same quarter last year. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. As a group, research analysts forecast that ESAB Corporation will post 5.46 earnings per share for the current year.

Insider Buying and Selling at ESAB

In related news, Director Rhonda L. Jordan sold 1,000 shares of the business’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 sale, the director directly owned 1,000 shares in the company, valued at approximately $95,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 7.20% of the company’s stock.

Institutional Investors Weigh In On ESAB

A number of hedge funds have recently bought and sold shares of ESAB. Los Angeles Capital Management LLC bought a new position in ESAB in the 4th quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of ESAB by 109.4% during the 2nd 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 period. Smartleaf Asset Management LLC raised its position in shares of ESAB by 259.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock valued at $43,000 after buying an additional 275 shares during the last quarter. Global Retirement Partners LLC lifted 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. grew its position in ESAB by 185.3% during the fourth quarter. UMB Bank n.a. now owns 642 shares of the company’s stock worth $72,000 after buying an additional 417 shares in the last quarter. 91.13% of the stock is currently owned by institutional investors.

ESAB Company Profile

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.