ESAB (NYSE:ESAB) Stock Bought by 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 October 30th, the Representative disclosed that they had bought between $1,001 and $15,000 in ESAB stock on September 29th. 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 9/30/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 9/30/2026.
• Sold $1,001 – $15,000 in shares of Mondelez International (NASDAQ:MDLZ) on 9/23/2026.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 9/17/2026.
• Purchased $1,001 – $15,000 in shares of Texas Instruments (NASDAQ:TXN) on 9/17/2026.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 8/27/2026.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 8/27/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 8/27/2026.
• Purchased $1,001 – $15,000 in shares of MasTec (NYSE:MTZ) on 8/21/2026.
• Sold $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 8/10/2026.

ESAB Stock Performance

NYSE ESAB traded up $1.74 on Tuesday, hitting $78.04. 81,466 shares of the company’s stock traded hands, compared to its average volume of 734,008. The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99. ESAB Corporation has a 1-year low of $62.74 and a 1-year high of $137.42. The firm’s 50-day moving average price is $70.01 and its two-hundred day moving average price is $93.36. The firm has a market capitalization of $4.85 billion, a PE ratio of 27.98, a P/E/G ratio of 1.13 and a beta of 1.19.

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). The company had revenue of $807.63 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm earned $1.36 EPS. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. As a group, analysts expect that ESAB Corporation will post 5.40 EPS for the current year.

ESAB Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. ESAB’s dividend payout ratio (DPR) is currently 17.20%.

Insider Buying and Selling

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 1,000 shares in the company, valued at $95,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ESAB. HB Wealth Management LLC raised its stake in ESAB by 5.0% during the first quarter. HB Wealth Management LLC now owns 2,479 shares of the company’s stock worth $240,000 after purchasing an additional 118 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of ESAB by 25.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 865 shares of the company’s stock valued at $84,000 after buying an additional 176 shares during the period. State of Michigan Retirement System increased its holdings in shares of ESAB by 1.5% during the 1st quarter. State of Michigan Retirement System now owns 13,702 shares of the company’s stock worth $1,324,000 after buying an additional 200 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of ESAB by 2.0% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 12,084 shares of the company’s stock worth $796,000 after buying an additional 240 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. boosted its holdings in ESAB by 86.8% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 551 shares of the company’s stock valued at $36,000 after acquiring an additional 256 shares during the last quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ESAB shares. Roth Capital restated a “buy” rating and set a $133.00 price objective (down from $151.00) on shares of ESAB in a research report on Tuesday, September 15th. Stifel Nicolaus set a $114.00 price objective on ESAB in a research note on Monday, October 19th. Oppenheimer lowered their target price on ESAB from $135.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, October 21st. Weiss Ratings downgraded ESAB from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. cut their price target on ESAB from $125.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Six investment 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 company presently has an average rating of “Moderate Buy” and an average target price of $118.67.

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 (NYSE: ESAB) is a global provider of welding and cutting technologies. The company develops and supplies equipment, consumables, automation solutions and related products used to join, cut and process metals across industrial and commercial applications.

Its product portfolio includes welding machines, cutting systems, welding electrodes and wires, filler metals, gas-control equipment, plasma and oxyfuel technologies, and digital or automated solutions. ESAB also offers products and services designed to support fabrication, manufacturing, construction, transportation, energy and maintenance operations.

ESAB serves customers in the Americas, Europe, the Middle East, Africa and the Asia-Pacific region through a portfolio of established brands and distribution channels.