Walleye Capital LLC Buys New Shares in ESAB Corporation $ESAB

Walleye Capital LLC bought a new position in shares of ESAB Corporation (NYSE:ESAB) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 29,169 shares of the company’s stock, valued at approximately $2,877,000.

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

Insider Activity at ESAB

In other news, Director Rhonda L. Jordan sold 1,000 shares of the 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.20% of the company’s stock.

Analyst Ratings Changes

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

ESAB Stock Down 0.3%

Shares of ESAB opened at $84.83 on Friday. The firm has a market cap of $5.27 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 1.66 and a beta of 1.19. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.96. ESAB Corporation has a 52 week low of $82.18 and a 52 week high of $137.42. The firm’s 50-day simple moving average is $91.50 and its 200 day simple moving average is $101.07.

ESAB (NYSE:ESAB) last issued 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). ESAB had a return on equity of 14.48% and a net margin of 5.75%.The company had revenue of $807.63 million for the quarter, compared to analyst estimates of $755.64 million. During the same quarter last year, the business earned $1.36 earnings per share. The company’s revenue was up 12.9% on a year-over-year basis. 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 year.

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.