ESAB (NYSE:ESAB) Stock Purchase Reported by Rep. Thomas H. Kean, Jr.

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of ESAB Corporation (NYSE:ESAB). In a filing disclosed on October 30th, the Representative disclosed that they had bought between $1,001 and $15,000 in ESAB stock on September 29th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Stryker (NYSE:SYK) on 9/30/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 9/30/2026.
• Sold $1,001 – $15,000 in shares of Mondelez International (NASDAQ:MDLZ) on 9/23/2026.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 9/17/2026.
• Purchased $1,001 – $15,000 in shares of Texas Instruments (NASDAQ:TXN) on 9/17/2026.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 8/27/2026.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 8/27/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 8/27/2026.
• Purchased $1,001 – $15,000 in shares of MasTec (NYSE:MTZ) on 8/21/2026.
• Sold $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 8/10/2026.

ESAB Price Performance

ESAB opened at $76.45 on Tuesday. ESAB Corporation has a one year low of $62.74 and a one 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 company’s 50 day simple moving average is $70.01 and its 200-day simple moving average is $93.36. The stock has a market capitalization of $4.75 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 1.13 and a beta of 1.19.

ESAB (NYSE:ESAB) last released its 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 return on equity of 14.48% and a net margin of 5.75%. The firm had revenue of $807.63 million for the quarter, compared to the consensus estimate of $755.64 million. During the same quarter in the previous year, the firm earned $1.36 EPS. 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. Sell-side analysts anticipate that ESAB Corporation will post 5.40 earnings per share for the current fiscal year.

ESAB Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. ESAB’s payout ratio is currently 17.20%.

Analyst Ratings Changes

A number of brokerages have issued reports on ESAB. Oppenheimer reduced their target price on ESAB from $135.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, October 21st. Stifel Nicolaus set a $114.00 price target on ESAB in a research note on Monday, October 19th. Roth Capital reiterated a “buy” rating and issued a $133.00 price target (down from $151.00) on shares of ESAB in a research report on Tuesday, September 15th. Weiss Ratings downgraded shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of ESAB from $125.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. Six investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.67.

Insider Activity at ESAB

In related news, Director Rhonda L. Jordan sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was 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 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 filing with the SEC, which is accessible through this link. Corporate insiders own 7.20% of the company’s stock.

Institutional Investors Weigh In On ESAB

Several institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Wealth Planning Services Inc. increased its position in ESAB by 86.8% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 551 shares of the company’s stock worth $36,000 after acquiring an additional 256 shares during the period. Global Retirement Partners LLC acquired a new stake in ESAB in the 2nd quarter worth about $76,000. EverSource Wealth Advisors LLC boosted its holdings in ESAB by 25.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 865 shares of the company’s stock valued at $84,000 after purchasing an additional 176 shares during the period. Ascentis Independent Advisors bought a new stake in ESAB in the 1st quarter valued at about $105,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of ESAB during the 2nd quarter worth approximately $151,000. 91.13% of the stock is owned by institutional investors.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

ESAB Company Profile

ESAB Corporation (NYSE: ESAB) is a global provider of welding and cutting technologies. The company develops and supplies equipment, consumables, automation solutions and related products used to join, cut and process metals across industrial and commercial applications.

Its product portfolio includes welding machines, cutting systems, welding electrodes and wires, filler metals, gas-control equipment, plasma and oxyfuel technologies, and digital or automated solutions. ESAB also offers products and services designed to support fabrication, manufacturing, construction, transportation, energy and maintenance operations.

ESAB serves customers in the Americas, Europe, the Middle East, Africa and the Asia-Pacific region through a portfolio of established brands and distribution channels.