Susquehanna Fundamental Investments LLC Sells 11,326 Shares of ESAB Corporation $ESAB

Susquehanna Fundamental Investments LLC lowered its stake in shares of ESAB Corporation (NYSE:ESAB) by 55.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 9,282 shares of the company’s stock after selling 11,326 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in ESAB were worth $915,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ESAB. T. Rowe Price Investment Management Inc. increased its position in ESAB by 0.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,006,238 shares of the company’s stock worth $894,457,000 after purchasing an additional 45,841 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of ESAB by 11.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,852,692 shares of the company’s stock worth $653,864,000 after buying an additional 613,327 shares during the period. BlackRock Inc. purchased a new stake in ESAB in the 2nd quarter valued at about $524,533,000. Durable Capital Partners LP grew its stake in ESAB by 40.5% in the third quarter. Durable Capital Partners LP now owns 1,945,854 shares of the company’s stock worth $217,430,000 after purchasing an additional 560,678 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of ESAB by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,318,269 shares of the company’s stock valued at $147,300,000 after buying an additional 16,466 shares during the period. Hedge funds and other institutional investors own 91.13% of the company’s stock.

ESAB Stock Down 1.8%

Shares of NYSE:ESAB opened at $74.03 on Wednesday. The stock has a market cap of $4.60 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.47 and a beta of 1.17. ESAB Corporation has a 1-year low of $73.78 and a 1-year high of $137.42. The firm has a fifty day moving average price of $87.40 and a 200 day moving average price of $97.03. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.96 and a quick ratio of 1.22.

ESAB (NYSE:ESAB) last announced its quarterly earnings data 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). The business had revenue of $807.63 million for the quarter, compared to analyst estimates of $755.64 million. ESAB had a return on equity of 14.48% and a net margin of 5.75%.The company’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.36 EPS. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Sell-side analysts predict that ESAB Corporation will post 5.46 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

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

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.