ESAB (NYSE:ESAB) Stock Acquired Rep. Thomas H. Kean, Jr.

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 24th. 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.
• Sold $15,001 – $50,000 in shares of Alphabet (NASDAQ:GOOGL) on 6/24/2026.
• Purchased $1,001 – $15,000 in shares of ESAB (NYSE:ESAB) on 6/22/2026.
• 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 Performance

NYSE ESAB traded down $2.04 during trading hours on Friday, reaching $89.77. The stock had a trading volume of 1,136,296 shares, compared to its average volume of 652,679. The stock has a fifty day moving average of $92.84 and a 200 day moving average of $105.25. The stock has a market cap of $5.47 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. ESAB Corporation has a 52-week low of $82.18 and a 52-week high of $137.42. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.26 and a current ratio of 2.97.

ESAB (NYSE:ESAB) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.01). The company had revenue of $745.60 million for the quarter, compared to analyst estimates of $706.74 million. ESAB had a return on equity of 15.04% and a net margin of 7.11%.ESAB’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 earnings per share. Sell-side analysts predict that ESAB Corporation will post 5.79 earnings per share for the current year.

ESAB Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 3rd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, July 2nd. This is a boost from ESAB’s previous quarterly dividend of $0.10. ESAB’s dividend payout ratio (DPR) is presently 14.20%.

Institutional Investors Weigh In On ESAB

A number of institutional investors have recently modified their holdings of the business. Teacher Retirement System of Texas grew its stake in ESAB by 33.9% in the 4th quarter. Teacher Retirement System of Texas now owns 177,428 shares of the company’s stock valued at $19,822,000 after acquiring an additional 44,877 shares during the period. Defender Capital LLC. purchased a new position in ESAB in the 4th quarter valued at $3,977,000. Confluence Investment Management LLC purchased a new position in ESAB in the 4th quarter valued at $998,000. TimesSquare Capital Management LLC boosted its stake in ESAB by 37.8% during the 4th quarter. TimesSquare Capital Management LLC now owns 959,101 shares of the company’s stock worth $107,151,000 after purchasing an additional 262,850 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in ESAB by 6,787.0% during the 4th quarter. Bessemer Group Inc. now owns 1,053,776 shares of the company’s stock worth $117,730,000 after purchasing an additional 1,038,475 shares during the last quarter. 91.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ESAB has been the topic of several analyst reports. Roth Capital raised their target price on ESAB from $142.00 to $151.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Weiss Ratings downgraded ESAB from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. Stifel Nicolaus set a $141.00 price objective on ESAB in a research report on Friday, May 8th. Wall Street Zen cut shares of ESAB from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, JPMorgan Chase & Co. cut their target price on shares of ESAB from $148.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, April 10th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $139.50.

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.