IMC Chicago LLC purchased a new position in ESAB Corporation (NYSE:ESAB – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,495 shares of the company’s stock, valued at approximately $1,627,000.
Other hedge funds also recently bought and sold shares of the company. 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. boosted its holdings in shares of ESAB by 109.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock worth $40,000 after purchasing an additional 174 shares during the period. Smartleaf Asset Management LLC increased its position in shares of ESAB by 259.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock valued at $43,000 after purchasing an additional 275 shares during the last quarter. Global Retirement Partners LLC increased its position 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 valued at $45,000 after purchasing an additional 393 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of ESAB by 185.3% during the 4th quarter. UMB Bank n.a. now owns 642 shares of the company’s stock valued at $72,000 after purchasing an additional 417 shares during the last quarter. Hedge funds and other institutional investors own 91.13% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. DA Davidson assumed coverage on ESAB in a research report on Monday, June 15th. They issued a “buy” rating and a $130.00 price target for the company. Oppenheimer cut their price objective on shares of 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 cut their price objective on shares of ESAB from $141.00 to $137.00 and set a “buy” rating on the stock 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 research note on Tuesday, July 7th. Finally, Weiss Ratings lowered shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $138.14.
ESAB Trading Down 3.4%
NYSE ESAB opened at $76.34 on Friday. The stock has a market cap of $4.75 billion, a PE ratio of 27.36, a PEG ratio of 1.49 and a beta of 1.19. ESAB Corporation has a 12 month low of $75.83 and a 12 month high of $137.42. The company’s 50-day moving average price is $88.40 and its 200-day moving average price is $98.11. The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99.
ESAB (NYSE:ESAB – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04). ESAB had a net margin of 5.75% and a return on equity of 14.48%. The company had revenue of $807.63 million for the quarter, compared to the consensus estimate of $755.64 million. During the same quarter in the previous year, the business earned $1.36 EPS. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Equities research analysts forecast that ESAB Corporation will post 5.46 earnings per share for the current year.
Insider Buying and Selling
In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at approximately $95,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 7.20% of the company’s stock.
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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