Rep. Thomas H. Kean, Jr. Acquires Shares of ESAB Corporation (NYSE:ESAB)

Key Points

• Rep. Thomas H. Kean Jr. purchased $1,001–$15,000 of ESAB shares on July 7 through the Kean Family Partnership account, following another ESAB purchase on June 24.
• ESAB’s latest quarterly revenue rose 12.9% year over year to $807.63 million, exceeding estimates, although adjusted EPS of $1.33 fell short of the $1.37 consensus. The company maintained 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 $138.14 versus the reported share price of $81.49.

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of ESAB Corporation NYSE: ESAB. In a filing disclosed on August 18th, the Representative disclosed that they had bought between $1,001 and $15,000 in ESAB stock on July 7th. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Stryker NYSE: SYK on 7/22/2026.
• Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 7/22/2026.
• Purchased $1,001 - $15,000 in shares of Toast NYSE: TOST on 7/8/2026.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 7/8/2026.
• Purchased $1,001 - $15,000 in shares of EQT NYSE: EQT on 7/7/2026.
• Sold $1,001 - $15,000 in shares of Analog Devices NASDAQ: ADI on 6/30/2026.
• Sold $1,001 - $15,000 in shares of S&P Global NYSE: SPGI on 6/29/2026.
• Sold $1,001 - $15,000 in shares of Markel Group NYSE: MKL on 6/29/2026.
• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 6/29/2026.
• Purchased $1,001 - $15,000 in shares of ESAB NYSE: ESAB on 6/24/2026.

ESAB Trading Up 3.7%

Shares of NYSE:ESAB opened at $81.49 on Friday. ESAB Corporation has a one year low of $77.34 and a one year high of $137.42. The stock has a market capitalization of $5.07 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19. 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 company's 50-day moving average price is $90.70 and its two-hundred day moving average price is $99.69.

ESAB (NYSE:ESAB - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.04). The firm had revenue of $807.63 million during the quarter, compared to analyst estimates of $755.64 million. ESAB had a net margin of 5.75% and a return on equity of 14.48%. The company's revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the business posted $1.36 earnings per share. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. On average, equities analysts forecast that ESAB Corporation will post 5.46 EPS for the current fiscal year.

Institutional Investors Weigh In On ESAB

Several large investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC purchased a new stake in ESAB during the fourth quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of ESAB by 109.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company's stock worth $40,000 after purchasing an additional 174 shares in the last quarter. Smartleaf Asset Management LLC raised 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 during the last quarter. Global Retirement Partners LLC raised its holdings 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 acquiring an additional 393 shares during the period. Finally, UMB Bank n.a. raised its holdings in ESAB by 185.3% in the 4th quarter. UMB Bank n.a. now owns 642 shares of the company's stock valued at $72,000 after buying an additional 417 shares during the period. 91.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Rhonda L. Jordan sold 1,000 shares of the business's stock in a transaction on Friday, August 7th. The stock was 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. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 7.20% of the company's stock.

Analyst Upgrades and Downgrades

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

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

About ESAB

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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