J. Goldman & Co LP Acquires New Stake in ESAB Corporation $ESAB

J. Goldman & Co LP acquired a new stake in ESAB Corporation (NYSE:ESAB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 243,822 shares of the company’s stock, valued at approximately $24,048,000. ESAB comprises approximately 0.6% of J. Goldman & Co LP’s portfolio, making the stock its 29th biggest position. J. Goldman & Co LP owned approximately 0.39% of ESAB as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new position in ESAB in the 4th quarter worth about $33,000. Northwestern Mutual Wealth Management Co. grew its stake in ESAB by 109.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock worth $40,000 after acquiring an additional 174 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of 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 acquiring an additional 275 shares during the period. Global Retirement Partners LLC increased its position in shares of 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 period. Finally, UMB Bank n.a. raised its stake in shares of ESAB by 185.3% during the fourth quarter. UMB Bank n.a. now owns 642 shares of the company’s stock valued at $72,000 after acquiring an additional 417 shares in the last quarter. 91.13% of the stock is owned by hedge funds and other institutional investors.

ESAB Stock Up 1.5%

Shares of NYSE ESAB opened at $80.44 on Wednesday. ESAB Corporation has a 12-month low of $77.34 and a 12-month high of $137.42. The stock’s fifty day simple moving average is $89.91 and its two-hundred day simple moving average is $98.98. The stock has a market capitalization of $5.00 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.55 and a beta of 1.19. The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99.

ESAB (NYSE:ESAB) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.04). The company had revenue of $807.63 million during the quarter, compared to the consensus estimate of $755.64 million. ESAB had a return on equity of 14.48% and a net margin of 5.75%.The company’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 earnings per share. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. As a group, analysts expect that ESAB Corporation will post 5.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ESAB. Weiss Ratings cut ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Stifel Nicolaus dropped 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. Oppenheimer cut their price target on ESAB from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Roth Capital lifted their price objective on ESAB from $142.00 to $151.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, DA Davidson assumed coverage on shares of ESAB in a research note on Monday, June 15th. They issued a “buy” rating and a $130.00 price objective for the company. Seven analysts have rated the stock with a Buy rating and one has 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 $138.14.

Insider Buying and Selling

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of the business’s 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 completion of the transaction, the director directly owned 1,000 shares in the company, valued at approximately $95,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.20% of the company’s stock.

ESAB 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.