Ceredex Value Advisors LLC Takes Position in ESAB Corporation $ESAB

Ceredex Value Advisors LLC acquired a new position in ESAB Corporation (NYSE:ESAB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 370,550 shares of the company’s stock, valued at approximately $36,547,000. ESAB makes up about 1.0% of Ceredex Value Advisors LLC’s investment portfolio, making the stock its 28th biggest position.

Other large investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased its stake in ESAB by 0.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,006,238 shares of the company’s stock valued at $894,457,000 after buying an additional 45,841 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of ESAB by 11.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,852,692 shares of the company’s stock worth $653,864,000 after buying an additional 613,327 shares during the last quarter. BlackRock Inc. bought a new position in shares of ESAB in the 2nd quarter valued at about $524,533,000. Durable Capital Partners LP grew its holdings in shares of ESAB by 40.5% in the 3rd quarter. Durable Capital Partners LP now owns 1,945,854 shares of the company’s stock valued at $217,430,000 after acquiring an additional 560,678 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of ESAB by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,318,269 shares of the company’s stock valued at $147,300,000 after acquiring an additional 16,466 shares during the last quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on ESAB shares. Oppenheimer dropped their target price on ESAB from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Weiss Ratings downgraded ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Stifel Nicolaus lowered their price target on 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 upped their price objective on ESAB from $142.00 to $151.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Finally, DA Davidson assumed coverage on ESAB in a report on Monday, June 15th. They issued a “buy” rating and a $130.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $138.38.

ESAB Stock Performance

Shares of NYSE ESAB opened at $78.63 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $4.89 billion, a P/E ratio of 28.18, a P/E/G ratio of 1.54 and a beta of 1.19. ESAB Corporation has a 12 month low of $77.34 and a 12 month high of $137.42. The stock has a 50 day moving average of $90.90 and a 200-day moving average of $99.82.

ESAB (NYSE:ESAB) last posted its quarterly earnings results 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 business had revenue of $807.63 million during the quarter, compared to the consensus estimate of $755.64 million. During the same quarter last year, the company posted $1.36 EPS. The firm’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. As a group, equities research analysts predict that ESAB Corporation will post 5.46 EPS for the current year.

Insider Activity at ESAB

In other news, Director Rhonda L. Jordan sold 1,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. Following the transaction, the director directly owned 1,000 shares of the company’s stock, valued at $95,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.20% of the stock is currently owned by corporate insiders.

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.