Caisse de depot et placement du Quebec Purchases New Shares in ESAB Corporation $ESAB

Caisse de depot et placement du Quebec acquired a new position in ESAB Corporation (NYSE:ESAB - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 65,865 shares of the company's stock, valued at approximately $6,496,000. Caisse de depot et placement du Quebec owned approximately 0.11% of ESAB at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ESAB. Los Angeles Capital Management LLC acquired a new stake in shares of ESAB during the fourth quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of ESAB by 109.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company's stock worth $40,000 after acquiring an additional 174 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in ESAB by 259.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 381 shares of the company's stock valued at $43,000 after purchasing an additional 275 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in ESAB by 3,023.1% in the fourth quarter. Global Retirement Partners LLC now owns 406 shares of the company's stock valued at $45,000 after purchasing an additional 393 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in ESAB by 185.3% during the 4th quarter. UMB Bank n.a. now owns 642 shares of the company's stock worth $72,000 after purchasing an additional 417 shares during the last quarter. Institutional investors and hedge funds own 91.13% of the company's stock.

ESAB Trading Down 3.4%

NYSE:ESAB opened at $76.34 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.96 and a debt-to-equity ratio of 0.99. The business's 50 day moving average is $88.40 and its two-hundred day moving average is $98.11. ESAB Corporation has a 52 week low of $75.83 and a 52 week high of $137.42. The company has a market cap of $4.75 billion, a PE ratio of 27.36, a P/E/G ratio of 1.49 and a beta of 1.19.

ESAB (NYSE:ESAB - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.04). ESAB had a return on equity of 14.48% and a net margin of 5.75%.The firm had revenue of $807.63 million during the quarter, compared to analyst estimates of $755.64 million. During the same quarter in the previous year, the business posted $1.36 EPS. ESAB's revenue was up 12.9% compared to the same quarter last year. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. On average, analysts predict that ESAB Corporation will post 5.46 EPS for the current year.

Insider Transactions at ESAB

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of ESAB 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 completion of the transaction, the director owned 1,000 shares of the company's stock, valued at $95,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. DA Davidson initiated coverage on ESAB in a research note on Monday, June 15th. They set a "buy" rating and a $130.00 target price for the company. Roth Capital upped their price target on shares of ESAB from $142.00 to $151.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Stifel Nicolaus reduced their price objective on shares of ESAB from $141.00 to $137.00 and set a "buy" rating on the stock in a research note on Monday, July 20th. Oppenheimer reduced their price objective on shares of ESAB from $140.00 to $135.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 21st. Finally, Weiss Ratings lowered shares of ESAB from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.14.

About ESAB

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company's products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.

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