ESAB (NYSE:ESAB) Stock Purchased 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 August 18th, the Representative disclosed that they had bought between $1,001 and $15,000 in ESAB stock on July 7th. 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 7/22/2026.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 7/22/2026.
• Purchased $1,001 – $15,000 in shares of Toast (NYSE:TOST) on 7/8/2026.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 7/8/2026.
• Purchased $1,001 – $15,000 in shares of EQT (NYSE:EQT) on 7/7/2026.
• Sold $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of S&P Global (NYSE:SPGI) on 6/29/2026.
• Sold $1,001 – $15,000 in shares of Markel Group (NYSE:MKL) on 6/29/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 6/29/2026.
• Purchased $1,001 – $15,000 in shares of ESAB (NYSE:ESAB) on 6/24/2026.

ESAB Stock Performance

Shares of ESAB stock opened at $81.49 on Friday. The company has a market capitalization of $5.07 billion, a P/E ratio of 29.21, a PEG ratio of 1.53 and a beta of 1.19. ESAB Corporation has a fifty-two week low of $77.34 and a fifty-two week high of $137.42. 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 stock has a 50 day moving average price of $90.70 and a two-hundred day moving average price of $99.69.

ESAB (NYSE:ESAB) last issued its earnings results 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 firm had revenue of $807.63 million during the quarter, compared to the consensus estimate of $755.64 million. During the same quarter in the prior year, the business posted $1.36 EPS. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Analysts expect that ESAB Corporation will post 5.46 earnings per share for the current year.

Institutional Trading of ESAB

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

Insider Buying and Selling at ESAB

In other news, Director Rhonda L. Jordan sold 1,000 shares of the firm’s stock in a transaction 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 $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 is available through the SEC website. 7.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ESAB. Oppenheimer dropped their target price on shares of ESAB from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. DA Davidson initiated 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. 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. Stifel Nicolaus decreased their price objective on shares of ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a report on Monday, July 20th. Finally, Weiss Ratings lowered ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.14.

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.

About ESAB

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.