Louisiana State Employees Retirement System Makes New $1.59 Million Investment in ESAB Corporation $ESAB

Posted by on Jul 2nd, 2026

Louisiana State Employees Retirement System acquired a new position in shares of ESAB Corporation (NYSE:ESAB – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,500 shares of the company’s stock, valued at approximately $1,595,000.

Other hedge funds have also modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its stake in ESAB by 0.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,006,238 shares of the company’s stock worth $894,457,000 after purchasing an additional 45,841 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in ESAB by 11.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,852,692 shares of the company’s stock valued at $653,864,000 after purchasing an additional 613,327 shares in the last quarter. Durable Capital Partners LP boosted its stake in shares of ESAB by 40.5% in the 3rd quarter. Durable Capital Partners LP now owns 1,945,854 shares of the company’s stock valued at $217,430,000 after buying an additional 560,678 shares during the period. Geode Capital Management LLC grew its position in shares of ESAB by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,318,269 shares of the company’s stock worth $147,300,000 after buying an additional 16,466 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of ESAB by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,181,526 shares of the company’s stock worth $132,008,000 after buying an additional 35,782 shares in the last quarter. 91.13% of the stock is currently owned by institutional investors and hedge funds.

ESAB Stock Down 4.9%

Shares of NYSE:ESAB opened at $93.75 on Thursday. The company has a current ratio of 2.97, a quick ratio of 2.26 and a debt-to-equity ratio of 0.91. ESAB Corporation has a twelve month low of $82.18 and a twelve month high of $137.42. The company has a market capitalization of $5.71 billion, a PE ratio of 27.74, a P/E/G ratio of 1.81 and a beta of 1.17. The firm has a 50 day simple moving average of $95.44 and a 200-day simple moving average of $107.22.

ESAB (NYSE:ESAB – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.01). The firm had revenue of $745.60 million for the quarter, compared to analysts’ expectations of $706.74 million. ESAB had a return on equity of 15.04% and a net margin of 7.11%.The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 EPS. On average, equities analysts predict that ESAB Corporation will post 5.82 EPS for the current fiscal year.

ESAB Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Friday, July 3rd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, July 2nd. This is an increase from ESAB’s previous quarterly dividend of $0.10. ESAB’s payout ratio is 11.83%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ESAB shares. JPMorgan Chase & Co. decreased their price target on shares of ESAB from $148.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Jefferies Financial Group reissued a “buy” rating and issued a $130.00 price objective (down from $150.00) on shares of ESAB in a research report on Tuesday, March 31st. Oppenheimer restated an “outperform” rating and issued a $140.00 price objective on shares of ESAB in a report on Tuesday, April 14th. 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 objective for the company. Finally, Roth Mkm set a $142.00 target price on shares of ESAB in a research note on Thursday, April 16th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.38.

Read Our Latest Stock Report on ESAB

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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Institutional Ownership by Quarter for ESAB (NYSE:ESAB)

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