Quantinno Capital Management LP grew its stake in ESAB Corporation (NYSE:ESAB - Free Report) by 162.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,435 shares of the company's stock after buying an additional 27,514 shares during the period. Quantinno Capital Management LP owned 0.07% of ESAB worth $4,295,000 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 ESAB. Renaissance Technologies LLC boosted its holdings in ESAB by 55.5% in the first quarter. Renaissance Technologies LLC now owns 131,087 shares of the company's stock valued at $12,671,000 after acquiring an additional 46,787 shares during the last quarter. Oak Associates Ltd. OH raised its holdings in ESAB by 25.4% during the 1st quarter. Oak Associates Ltd. OH now owns 24,196 shares of the company's stock worth $2,339,000 after purchasing an additional 4,898 shares during the last quarter. Caxton Associates LLP lifted its position in shares of ESAB by 192.7% in the 1st quarter. Caxton Associates LLP now owns 14,738 shares of the company's stock worth $1,425,000 after purchasing an additional 9,703 shares during the period. Inceptionr LLC lifted its position in shares of ESAB by 34.5% in the 1st quarter. Inceptionr LLC now owns 5,878 shares of the company's stock worth $568,000 after purchasing an additional 1,508 shares during the period. Finally, Bank of Nova Scotia acquired a new stake in shares of ESAB during the first quarter worth $818,000. 91.13% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
ESAB has been the subject of a number of recent analyst reports. Oppenheimer lowered their price objective on ESAB from $140.00 to $135.00 and set an "outperform" rating for the company in a research report on Tuesday, July 21st. Roth Capital upped their target price on ESAB from $142.00 to $151.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of ESAB in a research note on Friday, July 24th. Stifel Nicolaus lowered their target price on ESAB from $141.00 to $137.00 and set a "buy" rating for the company in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. dropped their price target on ESAB from $148.00 to $135.00 and set an "overweight" rating on the stock in a research note on Friday, April 10th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $138.38.
Check Out Our Latest Stock Analysis on ESAB
More ESAB News
Here are the key news stories impacting ESAB this week:
- Positive Sentiment: Second-quarter revenue rose 12.9% year over year to $807.6 million, substantially exceeding analysts’ $749.1 million estimate. The company highlighted strength in its equipment business and continued operational improvements. ESAB Corporation Announces Second Quarter 2026 Results
- Positive Sentiment: ESAB said the Eddyfi acquisition is closing ahead of schedule, supporting its strategy to expand into inspection and testing markets. Management also forecast 2026 core sales of approximately $3.0 billion to $3.1 billion. ESAB forecasts 2026 core sales and adjusted EPS
- Neutral Sentiment: Management’s earnings call emphasized equipment-market momentum and Eddyfi integration as drivers of a strategic shift, but investors will likely look for evidence that the acquisition produces the expected growth and synergies. ESAB Q2 deep dive
- Negative Sentiment: Adjusted earnings were $1.33 per share, below the $1.37 consensus estimate and down from $1.36 a year earlier. ESAB Q2 Earnings Lag Estimates
- Negative Sentiment: ESAB’s 2026 adjusted EPS guidance of $5.40–$5.50 is below the approximately $5.77 analyst consensus, creating a concern that integration costs, business conditions, or other pressures could limit near-term earnings growth. ESAB Q2 2026 Earnings Call Transcript
ESAB Price Performance
ESAB stock opened at $92.24 on Friday. The company has a market capitalization of $5.62 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 1.85 and a beta of 1.19. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.26 and a current ratio of 1.96. ESAB Corporation has a 52-week low of $82.18 and a 52-week high of $137.42. The business has a 50-day simple moving average of $91.83 and a two-hundred day simple moving average of $102.27.
ESAB (NYSE:ESAB - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $807.63 million during the quarter, compared to analysts' expectations of $749.05 million. During the same period last year, the company earned $1.36 earnings per share. The business'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. Research analysts expect that ESAB Corporation will post 5.45 EPS for the current fiscal year.
ESAB Company Profile
(
Free Report)
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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