Jupiter Topco LLC Makes New Investment in ESAB Corporation $ESAB

Key Points

• Jupiter Topco acquired 23,669 ESAB shares during the second quarter, worth approximately $2.34 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 estimates, but earnings of $1.33 per share missed consensus by $0.04. The company issued fiscal 2026 EPS guidance of $5.40–$5.50.
• ESAB shares opened at $74.04, near their 52-week low, while analysts maintained a generally positive view: seven rate the stock Buy and one Hold, with an average price target of $138.14.

Jupiter Topco LLC acquired a new stake in ESAB Corporation (NYSE:ESAB - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,669 shares of the company's stock, valued at approximately $2,336,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new position in shares of ESAB during the 4th quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of ESAB by 109.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company's stock valued at $40,000 after buying an additional 174 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in ESAB by 259.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 381 shares of the company's stock valued at $43,000 after acquiring an additional 275 shares during the period. Global Retirement Partners LLC increased its holdings in 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. increased its holdings in ESAB by 185.3% in the 4th quarter. UMB Bank n.a. now owns 642 shares of the company's stock worth $72,000 after acquiring an additional 417 shares in the last quarter. 91.13% of the stock is currently owned by hedge funds and other institutional investors.

ESAB Trading Down 0.0%

Shares of ESAB stock opened at $74.04 on Thursday. ESAB Corporation has a fifty-two week low of $73.31 and a fifty-two week high of $137.42. 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 stock's fifty day moving average is $86.94 and its two-hundred day moving average is $96.60. The firm has a market capitalization of $4.60 billion, a P/E ratio of 26.54, a PEG ratio of 1.45 and a beta of 1.17.

ESAB (NYSE:ESAB - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.04). The business had revenue of $807.63 million for 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%.ESAB's quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.36 EPS. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Research analysts expect that ESAB Corporation will post 5.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 transaction of $95,000.00. Following the transaction, the director directly owned 1,000 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. Insiders own 7.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ESAB shares. Stifel Nicolaus decreased their price objective on shares of ESAB from $141.00 to $137.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Weiss Ratings cut shares of ESAB from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. Roth Capital upped their price target on shares of ESAB from $142.00 to $151.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. DA Davidson began coverage on shares of ESAB in a research note on Monday, June 15th. They issued a "buy" rating and a $130.00 price target on the stock. Finally, Oppenheimer lowered their price objective on ESAB from $140.00 to $135.00 and set an "outperform" rating on the stock in a report on Tuesday, July 21st. Seven investment 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, the stock has an average rating of "Moderate Buy" and an average price target of $138.14.

ESAB 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source