Legal & General Group Plc Takes Position in ESAB Corporation $ESAB

Legal & General Group Plc bought a new stake in ESAB Corporation (NYSE:ESAB) during the second quarter, HoldingsChannel reports. The firm bought 73,231 shares of the company’s stock, valued at approximately $7,223,000.

Other large investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new position in ESAB in the fourth quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of ESAB by 109.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock worth $40,000 after purchasing an additional 174 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of ESAB by 259.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock worth $43,000 after purchasing an additional 275 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of ESAB by 3,023.1% during the 4th quarter. Global Retirement Partners LLC now owns 406 shares of the company’s stock worth $45,000 after purchasing an additional 393 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of ESAB by 185.3% in the 4th quarter. UMB Bank n.a. now owns 642 shares of the company’s stock valued at $72,000 after buying an additional 417 shares during the last quarter. 91.13% of the stock is owned by institutional investors and hedge funds.

ESAB Stock Performance

ESAB opened at $74.04 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.96 and a debt-to-equity ratio of 0.99. ESAB Corporation has a 12-month low of $73.31 and a 12-month high of $137.42. The business has a 50 day moving average of $86.94 and a 200-day moving average of $96.60. The stock has a market cap 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 (NYSE:ESAB) last posted its earnings results 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). ESAB had a return on equity of 14.48% and a net margin of 5.75%.The business had revenue of $807.63 million for the quarter, compared to analyst estimates of $755.64 million. During the same period in the previous year, the firm posted $1.36 earnings per share. The firm’s revenue was up 12.9% compared to the same quarter last year. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. On average, equities research analysts expect that ESAB Corporation will post 5.46 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of ESAB stock in a transaction on Friday, August 7th. The shares were 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 of the company’s stock, valued at $95,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.20% of the stock is currently owned by company 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.