Corient Private Wealth LP Sells 25,829 Shares of ESAB Corporation $ESAB

Key Points

• Corient Private Wealth LP cut its ESAB stake by 60.3% in the second quarter, selling 25,829 shares and retaining 17,021 shares valued at approximately $1.68 million. Institutional investors collectively own 91.13% of the company.
• ESAB reported quarterly revenue of $807.6 million, up 12.9% year over year and above expectations, but earnings per share of $1.33 missed the $1.37 consensus estimate. The company reaffirmed fiscal 2026 EPS guidance of $5.40–$5.50.
• Analysts maintain a generally positive outlook, with seven Buy ratings and one Hold, producing a “Moderate Buy” consensus and an average price target of $135.57. ESAB also declared a quarterly dividend of $0.12 per share, equivalent to a 0.7% yield.

Corient Private Wealth LP decreased its stake in ESAB Corporation (NYSE:ESAB - Free Report) by 60.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,021 shares of the company's stock after selling 25,829 shares during the period. Corient Private Wealth LP's holdings in ESAB were worth $1,679,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of ESAB in the 2nd quarter valued at about $365,000. HB Wealth Management LLC grew its holdings in shares of ESAB by 29.4% during the second quarter. HB Wealth Management LLC now owns 3,207 shares of the company's stock valued at $316,000 after buying an additional 728 shares during the last quarter. AlphaGrep UK Ltd acquired a new position in shares of ESAB during the second quarter valued at about $247,000. Nykredit A S bought a new stake in shares of ESAB during the second quarter worth about $197,000. Finally, IMC Chicago LLC bought a new stake in shares of ESAB during the second quarter worth about $1,627,000. 91.13% of the stock is currently owned by institutional investors.

ESAB Stock Performance

Shares of ESAB opened at $67.93 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.34 and a beta of 1.17. The stock has a 50 day moving average of $79.59 and a 200 day moving average of $90.41. ESAB Corporation has a 12 month low of $64.83 and a 12 month 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 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.04). The business had revenue of $807.63 million during the quarter, compared to analysts' expectations of $755.64 million. ESAB had a return on equity of 14.48% and a net margin of 5.75%.The firm's revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 EPS. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. As a group, sell-side analysts forecast that ESAB Corporation will post 5.46 earnings per share for the current year.

ESAB Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $0.48 annualized dividend and a yield of 0.7%. ESAB's payout ratio is currently 17.20%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ESAB. Weiss Ratings downgraded ESAB from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. DA Davidson began coverage on ESAB in a report on Monday, June 15th. They set a "buy" rating and a $130.00 price target for the company. Stifel Nicolaus lowered their price target on ESAB from $141.00 to $137.00 and set a "buy" rating for the company in a research report on Monday, July 20th. Oppenheimer dropped their price objective on ESAB from $140.00 to $135.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 21st. Finally, Roth Capital reaffirmed a "buy" rating and set a $133.00 price objective (down from $151.00) on shares of ESAB in a report on Tuesday, September 15th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $135.57.

Insiders Place Their Bets

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of the business's stock in a transaction dated 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 directly owned 1,000 shares in the company, valued at $95,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.20% of the stock is currently owned by insiders.

ESAB Profile

ESAB Corporation NYSE: ESAB is a global provider of welding and cutting technologies. The company develops and manufactures welding equipment, welding consumables, cutting systems, automation solutions and related accessories used in industrial, commercial and maintenance applications.

Its product portfolio includes arc-welding equipment, electrodes and welding wires, gas and plasma cutting systems, robotic and automated welding solutions, and digital tools designed to improve fabrication processes.

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