Public Employees Retirement System of Ohio Invests $1.67 Million in ESAB Corporation $ESAB

Key Points

• Public Employees Retirement System of Ohio bought 16,914 ESAB shares worth approximately $1.67 million during the second quarter. 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 analyst expectations, but earnings of $1.33 per share missed estimates by $0.04. The company maintained fiscal 2026 EPS guidance of $5.40–$5.50.
• Despite the stock trading near its one-year low at $75.06, analysts maintain a “Moderate Buy” consensus with an average price target of $138.14; seven analysts rate it Buy and one rates it Hold.

Public Employees Retirement System of Ohio bought a new stake in shares of ESAB Corporation (NYSE:ESAB - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,914 shares of the company's stock, valued at approximately $1,668,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ESAB. Los Angeles Capital Management LLC purchased a new position in ESAB during the fourth quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. increased its position 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 valued at $40,000 after buying an additional 174 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of 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 buying an additional 275 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of ESAB by 3,023.1% during the 4th quarter. Global Retirement Partners LLC now owns 406 shares of the company's stock worth $45,000 after buying an additional 393 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of 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 buying an additional 417 shares during the period. Hedge funds and other institutional investors own 91.13% of the company's stock.

ESAB Stock Performance

NYSE ESAB opened at $75.06 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.96 and a quick ratio of 1.22. The stock's 50 day simple moving average is $85.50 and its 200-day simple moving average is $95.35. The company has a market cap of $4.67 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.46 and a beta of 1.17. ESAB Corporation has a 1-year low of $73.21 and a 1-year high of $137.42.

ESAB (NYSE:ESAB - Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts' expectations of $755.64 million. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The firm's revenue for the quarter was up 12.9% compared to the same quarter last year. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. As a group, equities research analysts anticipate that ESAB Corporation will post 5.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ESAB shares. Oppenheimer dropped their price target 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. 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 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. Roth Capital increased their price objective on shares of ESAB from $142.00 to $151.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Finally, DA Davidson started coverage on shares of ESAB in a research report on Monday, June 15th. They issued a "buy" rating and a $130.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $138.14.

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 transaction of $95,000.00. Following the sale, the director owned 1,000 shares of the company's stock, valued at $95,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.20% of the stock is currently owned by company insiders.

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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