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

Posted by Geri Gentry on Jul 18th, 2026

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of ESAB Corporation (NYSE:ESAB). In a filing disclosed on July 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in ESAB stock on June 22nd. 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 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.
Sold $15,001 – $50,000 in shares of Alphabet (NASDAQ:GOOGL) on 6/24/2026.
Sold $1,001 – $15,000 in shares of Gildan Activewear (NYSE:GIL) on 6/17/2026.
Purchased $1,001 – $15,000 in shares of Wheaton Precious Metals (NYSE:WPM) on 6/4/2026.
Purchased $1,001 – $15,000 in shares of Gildan Activewear (NYSE:GIL) on 6/2/2026.
Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 6/2/2026.

ESAB Stock Down 2.2%

NYSE:ESAB traded down $2.04 during trading hours on Friday, reaching $89.77. The company had a trading volume of 1,136,296 shares, compared to its average volume of 652,679. ESAB Corporation has a twelve month low of $82.18 and a twelve month high of $137.42. The company has a quick ratio of 2.26, a current ratio of 2.97 and a debt-to-equity ratio of 0.91. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 1.69 and a beta of 1.17. The business’s 50-day simple moving average is $92.84 and its two-hundred day simple moving average is $105.25.

ESAB (NYSE:ESAB – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.01). The firm had revenue of $745.60 million during the quarter, compared to analyst estimates of $706.74 million. ESAB had a net margin of 7.11% and a return on equity of 15.04%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. On average, equities analysts expect that ESAB Corporation will post 5.79 earnings per share for the current year.

ESAB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 3rd were issued a $0.12 dividend. The ex-dividend date was Thursday, July 2nd. This is a positive change from ESAB’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 0.5%. ESAB’s dividend payout ratio is 14.20%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Stifel Nicolaus set a $141.00 price objective on shares of ESAB in a report on Friday, May 8th. Wall Street Zen cut shares of ESAB from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. JPMorgan Chase & Co. decreased their price objective on ESAB from $148.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, April 10th. DA Davidson initiated coverage on ESAB in a report on Monday, June 15th. They issued a “buy” rating and a $130.00 target price on the stock. Finally, Oppenheimer reiterated an “outperform” rating and set a $140.00 price target on shares of ESAB in a report on Tuesday, April 14th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.50.

View Our Latest Report on ESAB

Hedge Funds Weigh In On ESAB

Several hedge funds have recently modified their holdings of the company. Bessemer Group Inc. grew its stake in ESAB by 6,787.0% in the 4th quarter. Bessemer Group Inc. now owns 1,053,776 shares of the company’s stock valued at $117,730,000 after purchasing an additional 1,038,475 shares during the period. Norges Bank purchased a new position in ESAB in the 4th quarter valued at approximately $85,692,000. Capital Research Global Investors bought a new stake in shares of ESAB during the 4th quarter valued at $69,099,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of ESAB by 11.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,852,692 shares of the company’s stock worth $653,864,000 after buying an additional 613,327 shares in the last quarter. Finally, Durable Capital Partners LP lifted its stake in ESAB by 40.5% in the 3rd quarter. Durable Capital Partners LP now owns 1,945,854 shares of the company’s stock worth $217,430,000 after purchasing an additional 560,678 shares in the last quarter. Institutional investors own 91.13% of the company’s stock.

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.

ESAB Company Profile

(Get 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.