Quantinno Capital Management LP lifted its position in shares of ESAB Corporation (NYSE:ESAB – Free Report) by 162.6% during the first quarter, Holdings Channel reports. The firm owned 44,435 shares of the company’s stock after acquiring an additional 27,514 shares during the period. Quantinno Capital Management LP’s holdings in ESAB were worth $4,295,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new stake in ESAB in the 4th quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. boosted its stake 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 buying an additional 174 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings 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 acquiring an additional 275 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of ESAB by 3,023.1% in the fourth quarter. Global Retirement Partners LLC now owns 406 shares of the company’s stock valued at $45,000 after acquiring an additional 393 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of ESAB by 185.3% during the fourth quarter. UMB Bank n.a. now owns 642 shares of the company’s stock valued at $72,000 after acquiring an additional 417 shares during the last quarter. 91.13% of the stock is currently owned by hedge funds and other institutional investors.
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 Stock Down 2.4%
ESAB (NYSE:ESAB – Get Free Report) last posted 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). ESAB had a return on equity of 14.48% and a net margin of 5.75%.The company had revenue of $807.63 million for the quarter, compared to analysts’ expectations of $749.05 million. During the same quarter in the prior year, the company earned $1.36 EPS. The company’s revenue was up 12.9% on a year-over-year basis. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. On average, analysts predict that ESAB Corporation will post 5.45 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on ESAB shares. Stifel Nicolaus dropped their price target on ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ESAB in a research report on Friday, July 24th. DA Davidson initiated coverage on ESAB in a research note on Monday, June 15th. They set a “buy” rating and a $130.00 target price on the stock. Oppenheimer cut their price target on shares of ESAB from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Finally, Roth Capital increased their price target on shares of ESAB from $142.00 to $151.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, ESAB presently has an average rating of “Moderate Buy” and an average target price of $138.38.
Get Our Latest Stock Analysis on ESAB
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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