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 Stock Performance

Shares of NYSE:ESAB opened at $76.45 on Tuesday. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 1.13 and a beta of 1.19. ESAB Corporation has a 12 month low of $62.74 and a 12 month high of $137.42. The firm’s 50-day moving average is $70.01 and its 200 day moving average is $93.36. 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 announced its quarterly earnings data on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.04). The firm 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 firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 EPS. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Research analysts predict that ESAB Corporation will post 5.40 EPS for the current year.

ESAB Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 2nd were paid a dividend of $0.12 per share. 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%.

Institutional Trading of ESAB

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in ESAB in the 2nd quarter valued at $524,533,000. Cooke & Bieler LP lifted its holdings in ESAB by 73.3% in the 3rd quarter. Cooke & Bieler LP now owns 2,200,682 shares of the company’s stock valued at $144,981,000 after purchasing an additional 930,955 shares in the last quarter. Bessemer Group Inc. boosted its stake in ESAB by 16.3% during the 1st quarter. Bessemer Group Inc. now owns 1,225,702 shares of the company’s stock worth $118,475,000 after purchasing an additional 171,926 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in ESAB by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,215,909 shares of the company’s stock worth $117,500,000 after purchasing an additional 34,383 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in ESAB by 21.7% during the 1st quarter. Bank of New York Mellon Corp now owns 984,297 shares of the company’s stock worth $95,142,000 after purchasing an additional 175,398 shares during the last quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.

Insider Activity

In other news, Director Rhonda L. Jordan sold 1,000 shares of the company’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 completion of the sale, the director owned 1,000 shares of the company’s stock, valued at $95,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on ESAB shares. Stifel Nicolaus set a $114.00 price target on ESAB in a report on Monday, October 19th. Weiss Ratings downgraded ESAB from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Oppenheimer lowered their price target on shares of ESAB from $135.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, October 21st. Roth Capital reiterated a “buy” rating and set a $133.00 price objective (down from $151.00) on shares of ESAB in a research note on Tuesday, September 15th. Finally, JPMorgan Chase & Co. dropped their price target on 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.67.

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.