ESAB Corporation $ESAB Shares Purchased by Hudson Value Partners LLC

Hudson Value Partners LLC raised its position in ESAB Corporation (NYSE:ESAB) by 19.9% during the second quarter, Holdings Channel.com reports. The firm owned 65,729 shares of the company’s stock after buying an additional 10,915 shares during the period. ESAB accounts for about 1.6% of Hudson Value Partners LLC’s holdings, making the stock its 20th largest holding. Hudson Value Partners LLC’s holdings in ESAB were worth $6,483,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ESAB. Los Angeles Capital Management LLC purchased a new stake in shares of ESAB during the fourth quarter worth about $33,000. Northwestern Mutual Wealth Management Co. raised its position in shares of ESAB by 109.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock valued at $40,000 after buying an additional 174 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of ESAB by 259.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock valued at $43,000 after buying an additional 275 shares during the period. Global Retirement Partners LLC boosted its position in ESAB by 3,023.1% during the fourth quarter. Global Retirement Partners LLC now owns 406 shares of the company’s stock worth $45,000 after acquiring an additional 393 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in ESAB by 185.3% during the fourth quarter. UMB Bank n.a. now owns 642 shares of the company’s stock worth $72,000 after acquiring an additional 417 shares during the last quarter. 91.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Rhonda L. Jordan sold 1,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the completion of the sale, the director directly owned 1,000 shares of the company’s stock, valued at $95,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.20% of the stock is owned by corporate insiders.

ESAB Price Performance

ESAB opened at $87.99 on Wednesday. The company’s 50 day simple moving average is $91.69 and its 200 day simple moving average is $101.68. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.96. ESAB Corporation has a 1 year low of $82.18 and a 1 year high of $137.42. The stock has a market capitalization of $5.47 billion, a PE ratio of 31.54, a P/E/G ratio of 1.67 and a beta of 1.19.

ESAB (NYSE:ESAB) last released its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $755.64 million. During the same quarter in the previous year, the firm posted $1.36 earnings per share. ESAB’s revenue for the quarter was up 12.9% compared to the same quarter last year. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. As a group, sell-side analysts expect that ESAB Corporation will post 5.46 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. Oppenheimer lowered their target price on shares of ESAB from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. Stifel Nicolaus reduced their price target on ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Roth Capital raised their price objective on ESAB from $142.00 to $151.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. DA Davidson started coverage on ESAB in a research report on Monday, June 15th. They issued a “buy” rating and a $130.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ESAB in a research note on Friday, July 24th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.38.

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.