Jupiter Topco LLC Takes Position in ESAB Corporation $ESAB

Jupiter Topco LLC purchased a new stake in ESAB Corporation (NYSE:ESAB) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 23,669 shares of the company’s stock, valued at approximately $2,336,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans boosted its stake in ESAB by 0.7% during the second quarter. Thrivent Financial for Lutherans now owns 13,417 shares of the company’s stock worth $1,617,000 after buying an additional 95 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in ESAB by 0.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 19,605 shares of the company’s stock valued at $2,191,000 after buying an additional 107 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of ESAB by 5.0% in the 1st quarter. HB Wealth Management LLC now owns 2,479 shares of the company’s stock worth $240,000 after acquiring an additional 118 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of ESAB by 5.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,689 shares of the company’s stock worth $300,000 after acquiring an additional 149 shares during the last quarter. Finally, Lafayette Investments Inc. raised its holdings in shares of ESAB by 0.5% during the 4th quarter. Lafayette Investments Inc. now owns 34,266 shares of the company’s stock worth $3,828,000 after acquiring an additional 161 shares during the period. Hedge funds and other institutional investors own 91.13% of the company’s stock.

ESAB Trading Down 0.0%

Shares of ESAB stock opened at $74.04 on Thursday. The stock has a 50 day moving average of $86.94 and a 200 day moving average of $96.60. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.96. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 1.45 and a beta of 1.17. ESAB Corporation has a fifty-two week low of $73.31 and a fifty-two week high of $137.42.

ESAB (NYSE:ESAB) last posted its earnings results on Thursday, August 6th. The company reported $1.33 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 business 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 firm earned $1.36 EPS. ESAB’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. As a group, research analysts predict that ESAB Corporation will post 5.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ESAB shares. Weiss Ratings cut shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. DA Davidson started coverage on shares of ESAB in a report on Monday, June 15th. They issued a “buy” rating and a $130.00 price objective for the company. Stifel Nicolaus cut their price objective on shares of ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Oppenheimer reduced their target price on shares of ESAB from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Finally, Roth Capital boosted their target price on shares of ESAB from $142.00 to $151.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.14.

Insider Activity

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

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.