Stanley Capital Management LLC Purchases Shares of 113,300 ESAB Corporation $ESAB

Stanley Capital Management LLC purchased a new position in ESAB Corporation (NYSE:ESAB) in the second quarter, HoldingsChannel.com reports. The firm purchased 113,300 shares of the company’s stock, valued at approximately $11,175,000. ESAB makes up approximately 1.5% of Stanley Capital Management LLC’s holdings, making the stock its 29th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of ESAB. J. Goldman & Co LP bought a new position in shares of ESAB during the second quarter worth $24,048,000. Hsbc Holdings PLC bought a new position in shares of ESAB during the 2nd quarter valued at about $606,000. Legal & General Group Plc bought a new position in shares of ESAB during the 2nd quarter valued at about $7,223,000. The Manufacturers Life Insurance Company bought a new stake in shares of ESAB in the second quarter worth about $3,751,000. Finally, L2 Asset Management LLC bought a new stake in shares of ESAB in the second quarter worth about $1,365,000. 91.13% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Rhonda L. Jordan sold 1,000 shares of ESAB 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 transaction, the director directly owned 1,000 shares of the company’s stock, valued at $95,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 7.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ESAB. Weiss Ratings downgraded ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Oppenheimer cut their target price on shares of ESAB from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Roth Capital boosted their price target on shares of ESAB from $142.00 to $151.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Stifel Nicolaus reduced their price target on shares of ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Finally, DA Davidson started coverage on shares of ESAB in a research report on Monday, June 15th. They set a “buy” rating and a $130.00 price objective for the company. Seven 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.14.

ESAB Stock Up 1.5%

NYSE:ESAB opened at $80.44 on Wednesday. ESAB Corporation has a twelve month low of $77.34 and a twelve month high of $137.42. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.55 and a beta of 1.19. The stock has a fifty day simple moving average of $89.91 and a 200-day simple moving average of $98.98. 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 issued its earnings results on Thursday, August 6th. The company reported $1.33 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 company had revenue of $807.63 million during the quarter, compared to the consensus estimate of $755.64 million. During the same quarter in the prior year, the company earned $1.36 earnings per share. ESAB’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. Analysts anticipate that ESAB Corporation will post 5.46 EPS for the current year.

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.