Corient Private Wealth LP Takes $1.68 Million Position in ESAB Corporation $ESAB

Corient Private Wealth LP purchased a new stake in shares of ESAB Corporation (NYSE:ESAB - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 17,034 shares of the company's stock, valued at approximately $1,680,000.

Several other institutional investors have also bought and sold shares of ESAB. Los Angeles Capital Management LLC bought a new position in ESAB during the 4th quarter valued at $33,000. Northwestern Mutual Wealth Management Co. boosted its holdings in ESAB by 109.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company's stock worth $40,000 after acquiring an additional 174 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of ESAB by 259.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 381 shares of the company's stock worth $43,000 after acquiring an additional 275 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of ESAB by 3,023.1% in the 4th quarter. Global Retirement Partners LLC now owns 406 shares of the company's stock worth $45,000 after acquiring an additional 393 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of ESAB by 185.3% in the fourth quarter. UMB Bank n.a. now owns 642 shares of the company's stock valued at $72,000 after purchasing an additional 417 shares during the last quarter. Institutional investors own 91.13% of the company's stock.

Insider Buying and Selling at ESAB

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 completion of the transaction, the director directly owned 1,000 shares of the company's stock, valued at $95,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.20% of the stock is owned by corporate insiders.

ESAB Price Performance

Shares of NYSE:ESAB opened at $74.81 on Friday. The company's 50-day moving average is $86.46 and its 200 day moving average is $96.18. 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 has a market capitalization of $4.65 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 1.44 and a beta of 1.17. ESAB Corporation has a fifty-two week low of $73.21 and a fifty-two week high of $137.42.

ESAB (NYSE:ESAB - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $807.63 million for the quarter, compared to the consensus estimate of $755.64 million. ESAB had a net margin of 5.75% and a return on equity of 14.48%. ESAB's quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 EPS. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. On average, equities research analysts forecast that ESAB Corporation will post 5.46 earnings per share for the current year.

Wall Street Analyst Weigh In

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

ESAB Company Profile

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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