ESAB Corp (NYSE: ESAB) is 21.18% higher on its value in year-to-date trading and has touched a low of $61.43 and a high of $114.77 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ESAB stock was last observed hovering at around $103.22 in the last trading session, with the day’s gains setting it 1.75%.
Currently trading at $104.97, the stock is 6.65% and 7.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.14 million and changing 1.70% at the moment leaves the stock 9.64% off its SMA200. ESAB registered 45.49% gain for a year compared to 6-month loss of 6.03%.
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The stock witnessed a 6.85% gain in the last 1 month and extending the period to 3 months gives it a 2.09%, and is 1.21% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.40% over the week and 3.00% over the month.
ESAB Corp (ESAB) has around 9000 employees, a market worth around $6.34B and $2.77B in sales. Current P/E ratio is 25.47 and Fwd P/E is 19.73. Profit margin for the company is 9.06%. Distance from 52-week low is 70.88% and -8.54% from its 52-week high. The company has generated returns on investments over the last 12 months (8.77%).
The EPS is expected to grow by 8.94% this year.
ESAB Corp (ESAB) Top Institutional Holders
429.0 institutions hold shares in ESAB Corp (ESAB), with institutional investors hold 100.63% of the company’s shares. The shares outstanding are 60.30M, and float is at 56.59M with Short Float at 1.40%. Institutions hold 94.19% of the Float.
The top institutional shareholder in the company is T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with over 9.21 million shares valued at $869.99 million. The investor’s holdings represent 15.2671% of the ESAB Shares outstanding. As of 2024-06-30, the second largest holder is PRICE T ROWE ASSOCIATES INC /MD/ with 6.85 million shares valued at $$647.0 million to account for 11.3539 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.55 million shares representing 9.2048% and valued at over $524.54 million, while BLACKROCK INC. holds 8.3298 of the shares totaling 5.03 million with a market value of $474.67 million.
ESAB Corp (ESAB) Insider Activity
The most recent transaction is an insider sale by Vinnakota Rajiv,the company’sDirector. SEC filings show that Vinnakota Rajiv sold 856 shares of the company’s common stock on Mar 06 ’24 at a price of $99.50 per share for a total of $85172.0. Following the sale, the insider now owns 6779.0 shares.
ESAB Corp disclosed in a document filed with the SEC on Mar 01 ’24 that Teirlinck Didier P (Director) sold a total of 2,512 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $99.00 per share for $0.25 million. Following the transaction, the insider now directly holds 0.0 shares of the ESAB stock.
Still, SEC filings show that on Mar 01 ’24, Jordan Rhonda L (Director) disposed off 843 shares at an average price of $98.01 for $82622.0. The insider now directly holds 0 shares of ESAB Corp (ESAB).
