ESAB (NYSE:ESAB) Stock Bought 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 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%

ESAB traded down $2.04 during midday trading on Friday, hitting $89.77. The company had a trading volume of 1,136,296 shares, compared to its average volume of 652,679. The stock’s 50 day moving average price is $92.84 and its 200 day moving average price is $105.25. ESAB Corporation has a 52 week low of $82.18 and a 52 week high of $137.42. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 1.69 and a beta of 1.17. The company has a quick ratio of 2.26, a current ratio of 2.97 and a debt-to-equity ratio of 0.91.

ESAB (NYSE:ESAB) last released its quarterly earnings data on Thursday, May 7th. The company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.01). ESAB had a return on equity of 15.04% and a net margin of 7.11%.The company had revenue of $745.60 million for the quarter, compared to the consensus estimate of $706.74 million. During the same period last year, the company earned $1.25 EPS. ESAB’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, research analysts anticipate that ESAB Corporation will post 5.79 earnings per share for the current fiscal 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 paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.5%. This is an increase from ESAB’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, July 2nd. ESAB’s payout ratio is presently 14.20%.

Analyst Upgrades and Downgrades

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

Institutional Trading of ESAB

Several institutional investors and hedge funds have recently modified their holdings of ESAB. Teacher Retirement System of Texas grew its stake in shares of ESAB by 33.9% in the 4th quarter. Teacher Retirement System of Texas now owns 177,428 shares of the company’s stock worth $19,822,000 after acquiring an additional 44,877 shares in the last quarter. Defender Capital LLC. purchased a new position in ESAB during the fourth quarter worth about $3,977,000. Confluence Investment Management LLC purchased a new position in ESAB during the fourth quarter worth about $998,000. TimesSquare Capital Management LLC grew its position in ESAB by 37.8% in 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 in the last quarter. Finally, Bessemer Group Inc. increased 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 buying an additional 1,038,475 shares during the last quarter. 91.13% of the stock is owned by hedge funds and other institutional investors.

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

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.