ESAB (NYSE:ESAB) Stock: Insider Rhonda Jordan Sells 3,733 Shares

ESAB Corporation (NYSE:ESAB) Director Rhonda Jordan sold 3,733 shares of ESAB 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 completion of the transaction, the director owned 3,733 shares in the company, valued at $294,384.38. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

ESAB Trading Up 5.1%

ESAB opened at $83.12 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.22 and a debt-to-equity ratio of 0.95. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 1.33 and a beta of 1.17. ESAB Corporation has a 12 month low of $62.74 and a 12 month high of $137.42. The stock has a fifty day moving average price of $69.92 and a 200-day moving average price of $92.53.

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

ESAB Announces Dividend

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

Institutional Trading of ESAB

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its position in ESAB by 96.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 169,693 shares of the company’s stock worth $11,179,000 after purchasing an additional 83,097 shares during the period. Fifth Third Bancorp raised its stake in shares of ESAB by 8.4% during the 3rd quarter. Fifth Third Bancorp now owns 13,128 shares of the company’s stock valued at $865,000 after buying an additional 1,019 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of ESAB in the 3rd quarter valued at about $2,661,000. Van Berkom & Associates Inc. lifted its holdings in shares of ESAB by 24.4% in the 3rd quarter. Van Berkom & Associates Inc. now owns 821,499 shares of the company’s stock valued at $54,120,000 after buying an additional 161,317 shares during the period. Finally, Kestra Investment Management LLC boosted its stake in shares of ESAB by 22.8% in the third quarter. Kestra Investment Management LLC now owns 18,672 shares of the company’s stock worth $1,230,000 after buying an additional 3,470 shares during the last quarter. 91.13% of the stock is currently owned by institutional investors and hedge funds.

ESAB News Roundup

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

Analyst Upgrades and Downgrades

ESAB has been the subject of a number of analyst reports. UBS Group decreased their target price on shares of ESAB from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday. JPMorgan Chase & Co. cut their price target on shares of ESAB from $125.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Weiss Ratings downgraded ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Roth Capital reaffirmed a “buy” rating and set a $133.00 price target (down from $151.00) on shares of ESAB in a research report on Tuesday, September 15th. Finally, Oppenheimer decreased their price objective on ESAB from $135.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, October 21st. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, ESAB presently has a consensus rating of “Moderate Buy” and an average price target of $118.14.

ESAB Company Profile

ESAB Corporation (NYSE: ESAB) is a global provider of welding and cutting technologies. The company develops and supplies equipment, consumables, automation solutions and related products used to join, cut and process metals across industrial and commercial applications.

Its product portfolio includes welding machines, cutting systems, welding electrodes and wires, filler metals, gas-control equipment, plasma and oxyfuel technologies, and digital or automated solutions. ESAB also offers products and services designed to support fabrication, manufacturing, construction, transportation, energy and maintenance operations.

ESAB serves customers in the Americas, Europe, the Middle East, Africa and the Asia-Pacific region through a portfolio of established brands and distribution channels.