ESAB (NYSE:ESAB) Share Price Breaks Above 50 Day Moving Average - Time to Sell?

ESAB Corporation (NYSE:ESAB - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $70.39 and traded as high as $71.20. ESAB shares last traded at $70.8810, with a volume of 1,155,366 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on ESAB shares. Weiss Ratings cut ESAB from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Oppenheimer dropped 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. Stifel Nicolaus set a $114.00 target price on shares of ESAB in a research report on Monday, October 19th. JPMorgan Chase & Co. cut their target price on shares of ESAB from $125.00 to $95.00 and set an "overweight" rating on the stock in a research report on Thursday, October 8th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $133.00 target price (down from $151.00) on shares of ESAB in a research note on Tuesday, September 15th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, ESAB presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.67.

ESAB Stock Up 2.3%

The business's fifty day simple moving average is $70.39 and its 200 day simple moving average is $94.06. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 1.06 and a beta of 1.19. The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99.

ESAB (NYSE:ESAB - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $755.64 million. During the same quarter in the prior 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 analysts forecast that ESAB Corporation will post 5.40 earnings per share for the current fiscal year.

ESAB Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $0.48 annualized dividend and a yield of 0.7%. ESAB's dividend payout ratio is presently 17.20%.

Insider Transactions at ESAB

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $95.00, for a total transaction of $95,000.00. Following the transaction, the director owned 1,000 shares in the company, valued at approximately $95,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.20% of the company's stock.

Institutional Trading of ESAB

A number of institutional investors and hedge funds have recently modified their holdings of ESAB. BlackRock Inc. acquired a new stake in shares of ESAB in the 2nd quarter valued at approximately $524,533,000. Cooke & Bieler LP grew its holdings in ESAB by 73.3% during the third quarter. Cooke & Bieler LP now owns 2,200,682 shares of the company's stock valued at $144,981,000 after purchasing an additional 930,955 shares during the period. Bessemer Group Inc. grew its holdings in ESAB by 16.3% during the first quarter. Bessemer Group Inc. now owns 1,225,702 shares of the company's stock valued at $118,475,000 after purchasing an additional 171,926 shares during the period. Dimensional Fund Advisors LP increased its stake in ESAB by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,215,909 shares of the company's stock valued at $117,500,000 after purchasing an additional 34,383 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in ESAB by 21.7% in 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 purchasing an additional 175,398 shares in the last quarter. 91.13% of the stock is owned by institutional investors.

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.

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