525,633 Shares in ESAB Corporation $ESAB Acquired by Diamond Hill Capital Management LLC Investment Advisor

Diamond Hill Capital Management LLC Investment Advisor bought a new position in ESAB Corporation (NYSE:ESAB) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 525,633 shares of the company’s stock, valued at approximately $51,843,000. Diamond Hill Capital Management LLC Investment Advisor owned approximately 0.86% of ESAB at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ESAB. Los Angeles Capital Management LLC purchased a new position in shares of ESAB during the 4th quarter valued at $33,000. Northwestern Mutual Wealth Management Co. boosted its stake in ESAB by 109.4% during 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 period. Smartleaf Asset Management LLC grew its position in ESAB by 259.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock worth $43,000 after buying an additional 275 shares in the last quarter. Global Retirement Partners LLC grew 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 buying an additional 393 shares in the last quarter. Finally, UMB Bank n.a. grew 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 buying an additional 417 shares in the last quarter. 91.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on ESAB shares. DA Davidson initiated coverage on ESAB in a report on Monday, June 15th. They issued a “buy” rating and a $130.00 price target on the stock. Roth Capital boosted 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. Weiss Ratings cut shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Oppenheimer lowered their target price on shares of ESAB from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Finally, Stifel Nicolaus dropped their target price on shares of ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ESAB presently has a consensus rating of “Moderate Buy” and an average target price of $138.38.

ESAB Stock Up 0.0%

Shares of ESAB opened at $84.83 on Monday. ESAB Corporation has a 1 year low of $82.18 and a 1 year high of $137.42. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.96 and a quick ratio of 1.22. The stock has a 50 day simple moving average of $91.50 and a two-hundred day simple moving average of $100.93. The firm has a market cap of $5.27 billion, a P/E ratio of 30.41, a P/E/G ratio of 1.66 and a beta of 1.19.

ESAB (NYSE:ESAB) last announced its quarterly earnings data 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 return on equity of 14.48% and a net margin of 5.75%.The business had revenue of $807.63 million during the quarter, compared to the consensus estimate of $755.64 million. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The company’s revenue was up 12.9% compared to the same quarter last year. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. On average, analysts forecast that ESAB Corporation will post 5.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ESAB 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 value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 7.20% of the stock is currently owned by insiders.

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.