J. Goldman & Co LP Invests $24.05 Million in ESAB Corporation $ESAB

J. Goldman & Co LP acquired a new position in ESAB Corporation (NYSE:ESAB) in the second quarter, Holdings Channel.com reports. The fund acquired 243,822 shares of the company’s stock, valued at approximately $24,048,000. ESAB accounts for approximately 0.6% of J. Goldman & Co LP’s holdings, making the stock its 29th largest holding.

A number of other institutional investors have also recently made changes to their positions in ESAB. BlackRock Inc. acquired a new stake in ESAB in the 2nd quarter worth approximately $524,533,000. Bessemer Group Inc. raised its holdings in shares of ESAB by 6,787.0% in the fourth quarter. Bessemer Group Inc. now owns 1,053,776 shares of the company’s stock worth $117,730,000 after buying an additional 1,038,475 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of ESAB in the second quarter worth $94,210,000. Norges Bank acquired a new stake in shares of ESAB during the fourth quarter worth $85,692,000. Finally, Capital Research Global Investors purchased a new stake in shares of ESAB during the fourth quarter valued at $69,099,000. Institutional investors and hedge funds own 91.13% of the company’s stock.

Analyst Ratings Changes

ESAB has been the topic of several research reports. Stifel Nicolaus cut their target price on ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. DA Davidson started coverage on ESAB in a research report on Monday, June 15th. They set a “buy” rating and a $130.00 price target for the company. Roth Capital increased their price objective on ESAB from $142.00 to $151.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Oppenheimer cut their price objective on ESAB from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Finally, Weiss Ratings cut ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, ESAB has an average rating of “Moderate Buy” and an average price target of $138.14.

ESAB Trading Up 1.5%

Shares of ESAB stock opened at $80.44 on Wednesday. The stock has a market cap of $5.00 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.55 and a beta of 1.19. The firm has a fifty day moving average price of $89.91 and a 200 day moving average price of $98.98. ESAB Corporation has a 1 year low of $77.34 and a 1 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.

ESAB (NYSE:ESAB) last released its quarterly earnings data 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). The company had revenue of $807.63 million for the quarter, compared to analysts’ expectations of $755.64 million. ESAB had a net margin of 5.75% and a return on equity of 14.48%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.36 EPS. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Equities research analysts predict that ESAB Corporation will post 5.46 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Rhonda L. Jordan sold 1,000 shares of ESAB stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $95.00, for a total transaction of $95,000.00. Following the completion of the transaction, the director directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.20% of the stock is currently owned by company insiders.

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.