234,805 Shares of ESAB Corporation $ESAB Bought by Copeland Capital Management LLC

Key Points

• Copeland Capital Management acquired 234,805 ESAB shares worth approximately $15.5 million, representing a 0.38% stake. Institutional investors and hedge funds collectively own 91.13% of the company.
• ESAB reported quarterly revenue of $807.6 million, up 12.9% year over year and above estimates, but earnings per share of $1.33 missed consensus by $0.04. The company maintained fiscal 2026 EPS guidance of $5.40–$5.50.
• Shares opened at $66.82, near the 52-week low of $62.74 and well below the $137.42 high. Analysts retain a “Moderate Buy” consensus with an average price target of $129.86, while ESAB announced a quarterly dividend of $0.12 per share.

Copeland Capital Management LLC bought a new stake in ESAB Corporation (NYSE:ESAB - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 234,805 shares of the company's stock, valued at approximately $15,469,000. Copeland Capital Management LLC owned 0.38% of ESAB as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in ESAB. Dorato Capital Management acquired a new stake in shares of ESAB during the 3rd quarter worth approximately $105,000. Fenimore Asset Management Inc raised its stake in shares of ESAB by 75.7% in the third quarter. Fenimore Asset Management Inc now owns 248,030 shares of the company's stock valued at $16,340,000 after purchasing an additional 106,892 shares in the last quarter. Defender Capital LLC. raised its stake in shares of ESAB by 15.3% in the third quarter. Defender Capital LLC. now owns 42,165 shares of the company's stock valued at $2,778,000 after purchasing an additional 5,601 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of ESAB in the second quarter valued at $2,195,000. Finally, Nykredit A S bought a new position in ESAB in the second quarter worth $197,000. 91.13% of the stock is owned by institutional investors and hedge funds.

ESAB Price Performance

ESAB stock opened at $66.82 on Wednesday. The business's fifty day moving average is $74.65 and its two-hundred day moving average is $87.48. 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 firm has a market cap of $4.15 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.05 and a beta of 1.19. ESAB Corporation has a 52 week low of $62.74 and a 52 week high of $137.42.

ESAB (NYSE:ESAB - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.04). The business had revenue of $807.63 million during the quarter, compared to analyst estimates of $755.64 million. ESAB had a net margin of 5.75% and a return on equity of 14.48%. The business's quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 earnings per share. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Equities research analysts forecast that ESAB Corporation will post 5.44 earnings per share for the current fiscal year.

ESAB Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, October 2nd. ESAB's dividend payout ratio is presently 17.20%.

Insider Activity

In other news, Director Rhonda L. Jordan sold 1,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the sale, the director directly owned 1,000 shares of the company's stock, valued at $95,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 7.20% of the company's stock.

Analyst Ratings Changes

ESAB has been the topic of several analyst reports. Roth Capital reiterated a "buy" rating and issued a $133.00 price objective (down from $151.00) on shares of ESAB in a research note on Tuesday, September 15th. Weiss Ratings downgraded ESAB from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 11th. Stifel Nicolaus decreased their price target on ESAB from $141.00 to $137.00 and set a "buy" rating on the stock in a research note on Monday, July 20th. JPMorgan Chase & Co. lowered their price target on ESAB from $125.00 to $95.00 and set an "overweight" rating on the stock in a research report on Thursday, October 8th. Finally, Oppenheimer lowered their price target on ESAB from $140.00 to $135.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, ESAB presently has a consensus rating of "Moderate Buy" and an average target price of $129.86.

ESAB Company Profile

ESAB Corporation NYSE: ESAB is a global provider of welding and cutting technologies. The company develops and manufactures equipment, consumable products and related solutions used to join, cut and protect metals in industrial, construction, infrastructure, transportation and other applications.

Its product portfolio includes welding systems, cutting machines, welding electrodes and wires, gas-control equipment, automation technologies, protective equipment and accessories. ESAB markets its products under brands that include ESAB, Victor, Tweco, Stoody and Thermal Dynamics, serving customers through direct sales, distributors and other channels.

The company traces its origins to 1904, when Swedish inventor Oscar Kjellberg developed a coated welding electrode.

Want to see what other hedge funds are holding ESAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ESAB Corporation (NYSE:ESAB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.