525,633 Shares in ESAB Corporation $ESAB Acquired by Diamond Hill Capital Management LLC Investment Advisor

Diamond Hill Capital Management LLC Investment Advisor purchased a new position in ESAB Corporation (NYSE:ESAB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 525,633 shares of the company’s stock, valued at approximately $51,843,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ESAB. T. Rowe Price Investment Management Inc. increased its stake in shares of ESAB by 0.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,006,238 shares of the company’s stock worth $894,457,000 after buying an additional 45,841 shares during the period. Price T Rowe Associates Inc. MD boosted its position in ESAB by 11.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,852,692 shares of the company’s stock valued at $653,864,000 after buying an additional 613,327 shares during the period. Durable Capital Partners LP boosted its position in ESAB by 40.5% during the 3rd quarter. Durable Capital Partners LP now owns 1,945,854 shares of the company’s stock valued at $217,430,000 after buying an additional 560,678 shares during the period. Geode Capital Management LLC grew its holdings in ESAB by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,318,269 shares of the company’s stock worth $147,300,000 after acquiring an additional 16,466 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in ESAB by 16.3% in the 1st quarter. Bessemer Group Inc. now owns 1,225,702 shares of the company’s stock worth $118,475,000 after acquiring an additional 171,926 shares during the last quarter. Institutional investors own 91.13% of the company’s stock.

ESAB Stock Up 0.0%

Shares of ESAB stock opened at $84.83 on Monday. The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99. The company’s fifty day simple moving average is $91.50 and its two-hundred day simple moving average is $100.93. The company has a market cap of $5.27 billion, a P/E ratio of 30.41, a PEG ratio of 1.66 and a beta of 1.19. ESAB Corporation has a 12-month low of $82.18 and a 12-month high of $137.42.

ESAB (NYSE:ESAB) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.33 EPS for the quarter, missing the consensus estimate 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 last year, the company posted $1.36 earnings per share. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Research analysts anticipate that ESAB Corporation will post 5.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ESAB shares. Stifel Nicolaus lowered their price objective on shares of ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a research note on Monday, July 20th. DA Davidson started coverage on ESAB in a research note on Monday, June 15th. They issued a “buy” rating and a $130.00 target price on the stock. Oppenheimer cut their target price on ESAB from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Roth Capital boosted their price target on ESAB from $142.00 to $151.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings cut ESAB from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.38.

Insider Activity

In related news, Director Rhonda L. Jordan sold 1,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. Following the completion of the transaction, the director directly 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 at this link. 7.20% of the stock is owned by corporate insiders.

ESAB 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.