Corient Private Wealth LP Takes $1.68 Million Position in ESAB Corporation $ESAB

Corient Private Wealth LP purchased a new position in shares of ESAB Corporation (NYSE:ESAB) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,034 shares of the company’s stock, valued at approximately $1,680,000.

Several other large investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new stake in ESAB in the 4th quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. boosted its position in ESAB by 109.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock worth $40,000 after purchasing an additional 174 shares during the period. Smartleaf Asset Management LLC boosted 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 purchasing 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 purchasing an additional 393 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of ESAB by 185.3% in the fourth quarter. UMB Bank n.a. now owns 642 shares of the company’s stock worth $72,000 after purchasing an additional 417 shares in the last quarter. Hedge funds and other institutional investors own 91.13% of the company’s stock.

Analyst Ratings Changes

ESAB has been the topic of several research reports. DA Davidson began coverage on shares of ESAB in a research report on Monday, June 15th. They issued a “buy” rating and a $130.00 price target on the stock. Weiss Ratings downgraded shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Roth Capital lifted their price objective on shares of ESAB from $142.00 to $151.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. 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 report on Tuesday, July 21st. Finally, Stifel Nicolaus dropped their target price on ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ESAB currently has a consensus rating of “Moderate Buy” and an average price target of $138.14.

ESAB Stock Up 1.1%

ESAB stock opened at $74.81 on Friday. The stock has a 50-day simple moving average of $86.46 and a two-hundred day simple moving average of $96.18. ESAB Corporation has a twelve month low of $73.21 and a twelve month high of $137.42. The firm has a market capitalization of $4.65 billion, a PE ratio of 26.81, a PEG ratio of 1.44 and a beta of 1.17. The company has a quick ratio of 1.22, a current ratio of 1.96 and a debt-to-equity ratio of 0.99.

ESAB (NYSE:ESAB) last announced its quarterly 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 return on equity of 14.48% and a net margin of 5.75%.The firm had revenue of $807.63 million during the quarter, compared to analysts’ expectations of $755.64 million. During the same period in the previous year, the company posted $1.36 earnings per share. The company’s quarterly 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, equities analysts predict that ESAB Corporation will post 5.46 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Rhonda L. Jordan sold 1,000 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 1,000 shares of the company’s stock, valued at approximately $95,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 7.20% of the company’s stock.

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.