On October 29, 2024, Kevin Johnson, Chief Financial Officer of ESAB Corp (ESAB, Financial), executed a sale of 5,044 shares of the company. According to the SEC Filing, the transaction occurred at a stock price of $125 per share. Following this transaction, the insider now owns 11,433 shares of ESAB Corp.
ESAB Corp specializes in the production of equipment and consumables for virtually every welding and cutting process and application. This positions the company as a significant player in the industrial sector where precision and reliability are crucial.
Over the past year, the insider transaction history at ESAB Corp reveals a pattern of more sales than purchases among insiders. Specifically, there have been zero insider buys and 12 insider sells. The insider, Kevin Johnson, has sold a total of 5,044 shares and has not purchased any shares within this timeframe.
The shares of ESAB Corp were trading at $125 on the day of the transaction, bringing the company's market cap to approximately $7.44 billion. The price-earnings ratio of the company stands at 29.44, which is above both the industry median of 24.19 and the historical median for the company, indicating a potentially higher valuation compared to its peers.
For more detailed valuation metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow, investors may refer to the GF Value for a comprehensive analysis.
This insider sale could be of interest to current and potential investors, providing insight into insider confidence and potential future stock performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
