ESAB (NYSE:ESAB) Shares Acquired 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 August 18th, the Representative disclosed that they had bought between $1,001 and $15,000 in ESAB stock on July 7th. 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 7/22/2026.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 7/22/2026.
• Purchased $1,001 – $15,000 in shares of Toast (NYSE:TOST) on 7/8/2026.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 7/8/2026.
• Purchased $1,001 – $15,000 in shares of EQT (NYSE:EQT) on 7/7/2026.
• Sold $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of S&P Global (NYSE:SPGI) on 6/29/2026.
• Sold $1,001 – $15,000 in shares of Markel Group (NYSE:MKL) on 6/29/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 6/29/2026.
• Purchased $1,001 – $15,000 in shares of ESAB (NYSE:ESAB) on 6/24/2026.

ESAB Stock Up 3.7%

ESAB stock opened at $81.49 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.96 and a debt-to-equity ratio of 0.99. The firm has a market cap of $5.07 billion, a P/E ratio of 29.21, a P/E/G ratio of 1.53 and a beta of 1.19. The business has a fifty day moving average of $90.70 and a two-hundred day moving average of $99.69. ESAB Corporation has a twelve month low of $77.34 and a twelve month high of $137.42.

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 net margin of 5.75% and a return on equity of 14.48%. The company had revenue of $807.63 million during the quarter, compared to analysts’ expectations of $755.64 million. During the same quarter in the prior year, the business 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.

Analyst Ratings Changes

ESAB has been the topic of a number of analyst reports. DA Davidson started coverage on shares of ESAB in a research report on Monday, June 15th. They issued a “buy” rating and a $130.00 price objective on the stock. Roth Capital raised their target price 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. Stifel Nicolaus cut their price target on shares of ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Weiss Ratings downgraded ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Finally, Oppenheimer decreased their price objective on ESAB from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $138.14.

Institutional Trading of ESAB

A number of institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC purchased a new stake in shares of ESAB during the fourth quarter valued at $33,000. Northwestern Mutual Wealth Management Co. raised 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 during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of ESAB by 259.4% in 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 last quarter. Global Retirement Partners LLC lifted its stake in ESAB by 3,023.1% during the 4th quarter. Global Retirement Partners LLC now owns 406 shares of the company’s stock valued at $45,000 after acquiring an additional 393 shares during the period. Finally, UMB Bank n.a. lifted its position in 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 purchasing an additional 417 shares during the period. 91.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Rhonda L. Jordan sold 1,000 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $95,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.20% of the company’s stock.

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 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.