Rep. Thomas H. Kean, Jr. Buys Shares of ESAB Corporation (NYSE:ESAB)

Key Points

• Rep. Thomas H. Kean Jr. purchased between $1,001 and $15,000 of ESAB shares on September 29 through the Kean Family Partnership account.
• ESAB reported quarterly revenue of $807.63 million, up 12.9% year over year and above estimates, but adjusted earnings of $1.33 per share missed consensus by $0.04. The company maintained fiscal 2026 EPS guidance of $5.40–$5.50.
• Analysts remain broadly positive, with six Buy ratings and one Hold rating, though several firms lowered price targets. ESAB’s average target is $118.67 versus a share price of $76.45, and the company pays a quarterly dividend of $0.12 per share.

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of ESAB Corporation NYSE: ESAB. In a filing disclosed on October 30th, the Representative disclosed that they had bought between $1,001 and $15,000 in ESAB stock on September 29th. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Stryker NYSE: SYK on 9/30/2026.
• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 9/30/2026.
• Sold $1,001 - $15,000 in shares of Mondelez International NASDAQ: MDLZ on 9/23/2026.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 9/17/2026.
• Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 9/17/2026.
• Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 8/27/2026.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 8/27/2026.
• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 8/27/2026.
• Purchased $1,001 - $15,000 in shares of MasTec NYSE: MTZ on 8/21/2026.
• Sold $1,001 - $15,000 in shares of Amcor NYSE: AMCR on 8/10/2026.

ESAB Stock Performance

Shares of ESAB stock opened at $76.45 on Tuesday. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 1.13 and a beta of 1.19. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.96. The company's 50-day moving average is $70.01 and its 200 day moving average is $93.36. ESAB Corporation has a one year low of $62.74 and a one year high of $137.42.

ESAB (NYSE:ESAB - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.33 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.04). The firm had revenue of $807.63 million for the quarter, compared to analysts' expectations of $755.64 million. ESAB had a net margin of 5.75% and a return on equity of 14.48%. The firm's revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.36 EPS. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Sell-side analysts expect that ESAB Corporation will post 5.40 EPS for the current fiscal year.

ESAB Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were paid a dividend of $0.12 per share. The ex-dividend date was Friday, October 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. ESAB's payout ratio is presently 17.20%.

Hedge Funds Weigh In On ESAB

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CenterBook Partners LP purchased a new position in ESAB in the third quarter valued at approximately $382,000. Kestra Advisory Services LLC purchased a new stake in ESAB during the third quarter worth approximately $775,000. Oregon Public Employees Retirement Fund grew its stake in ESAB by 2.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 12,084 shares of the company's stock worth $796,000 after buying an additional 240 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in shares of ESAB by 12.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,842 shares of the company's stock worth $978,000 after acquiring an additional 1,602 shares in the last quarter. Finally, State of Wyoming increased its position in shares of ESAB by 63.1% in the third quarter. State of Wyoming now owns 6,949 shares of the company's stock worth $458,000 after acquiring an additional 2,689 shares in the last quarter. Institutional investors and hedge funds own 91.13% of the company's stock.

Insider Activity at ESAB

In other news, Director Rhonda L. Jordan sold 1,000 shares of the firm's stock in a transaction on 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 owned 1,000 shares of the company's stock, valued at approximately $95,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 7.20% of the company's stock.

Analysts Set New Price Targets

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

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

About ESAB

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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