ESAB Corp (NYSE: ESAB) is 3.31% higher on its value in year-to-date trading and has touched a low of $82.64 and a high of $135.97 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 $124.06 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $123.91, the stock is 3.07% and -1.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing -0.12% at the moment leaves the stock 14.22% off its SMA200. ESAB registered 48.93% gain for a year compared to 6-month gain of 26.35%. The firm has a 50-day simple moving average (SMA 50) of $125.2148 and a 200-day simple moving average (SMA200) of $108.479.
The stock witnessed a -5.06% loss in the last 1 month and extending the period to 3 months gives it a 11.38%, and is 7.71% 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 2.48% over the week and 2.84% over the month.
ESAB Corp (ESAB) has around 9000 employees, a market worth around $7.49B and $2.76B in sales. Current P/E ratio is 28.88 and Fwd P/E is 22.95. Profit margin for the company is 9.47%. Distance from 52-week low is 49.94% and -8.87% from its 52-week high. The company has generated returns on investments over the last 12 months (8.75%).
The EPS is expected to grow by 10.94% this year.
ESAB Corp (ESAB) Top Institutional Holders
425.0 institutions hold shares in ESAB Corp (ESAB), with institutional investors hold 101.40% of the company’s shares. The shares outstanding are 60.44M, and float is at 56.60M with Short Float at 1.23%. Institutions hold 94.95% 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 Jordan Rhonda L, the company’s Director. SEC filings show that Jordan Rhonda L sold 4,254 shares of the company’s common stock on Oct 30 ’24 at a price of $125.03 per share for a total of $0.53 million. Following the sale, the insider now owns 0.0 shares.
ESAB Corp disclosed in a document filed with the SEC on Oct 29 ’24 that Johnson Kevin J (Chief Financial Officer) sold a total of 5,044 shares of the company’s common stock. The trade occurred on Oct 29 ’24 and was made at $125.00 per share for $0.63 million. Following the transaction, the insider now directly holds 11433.0 shares of the ESAB stock.
Still, SEC filings show that on Oct 29 ’24, Kambeyanda Shyam (President and CEO) disposed off 59,120 shares at an average price of $122.96 for $7.27 million. The insider now directly holds 53,902 shares of ESAB Corp (ESAB).
