ESAB (NYSE:ESAB) Director Sells $95,000.00 in Stock

Key Points

• Director sale: ESAB Director Rhonda Jordan sold 1,000 shares at an average price of $95, generating $95,000 and reducing her ownership by 50%.
• Stock and earnings pressure: ESAB shares fell 7% to $85.40 after the company reported quarterly EPS of $1.33, missing estimates of $1.37, despite revenue rising 12.9% year over year to $807.63 million.
• Analyst outlook remains positive: Eight analysts rate ESAB a Buy and two rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $138.38, well above the current share price.

ESAB Corporation (NYSE:ESAB - Get Free Report) Director Rhonda Jordan sold 1,000 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. Following the transaction, the director directly owned 1,000 shares in the company, valued at $95,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ESAB Stock Down 7.0%

Shares of ESAB traded down $6.46 during mid-day trading on Monday, hitting $85.40. 902,299 shares of the company traded hands, compared to its average volume of 626,648. ESAB Corporation has a 1-year low of $82.18 and a 1-year high of $137.42. 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 company has a market capitalization of $5.31 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 1.79 and a beta of 1.19. The business has a 50 day moving average of $91.83 and a 200 day moving average of $102.13.

ESAB (NYSE:ESAB - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.04). ESAB had a return on equity of 14.48% and a net margin of 5.75%.The company had revenue of $807.63 million during the quarter, compared to analyst estimates of $755.64 million. During the same quarter last year, the business earned $1.36 earnings per share. The firm's revenue for the quarter was up 12.9% on a year-over-year basis. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Equities research analysts anticipate that ESAB Corporation will post 5.46 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ESAB. BlackRock Inc. acquired a new position in ESAB in the second quarter valued at approximately $524,533,000. Deutsche Bank AG purchased a new position in shares of ESAB during the 2nd quarter valued at approximately $703,000. TimesSquare Capital Management LLC acquired a new position in shares of ESAB in the 2nd quarter valued at $56,678,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of ESAB in the 2nd quarter valued at $51,843,000. Finally, IMC Chicago LLC boosted its holdings in ESAB by 759.8% during the second quarter. IMC Chicago LLC now owns 16,495 shares of the company's stock worth $1,627,000 after buying an additional 18,995 shares in the last quarter. 91.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ESAB. DA Davidson began coverage on ESAB in a research note on Monday, June 15th. They issued a "buy" rating and a $130.00 price objective for the company. Stifel Nicolaus cut their price target on shares of ESAB from $141.00 to $137.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Oppenheimer reduced their price target on shares of ESAB from $140.00 to $135.00 and set an "outperform" rating for the company in a research report on Tuesday, July 21st. Roth Capital lifted their price objective on shares of ESAB from $142.00 to $151.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of ESAB in a report on Friday, July 24th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, ESAB has an average rating of "Moderate Buy" and a consensus target price of $138.38.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source