Medina Value Partners LLC Takes Position in ESAB Corporation $ESAB

Medina Value Partners LLC purchased a new stake in ESAB Corporation (NYSE:ESAB) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 225,436 shares of the company’s stock, valued at approximately $22,234,753. ESAB makes up about 0.0% of Medina Value Partners LLC’s holdings, making the stock its 11th biggest position. Medina Value Partners LLC owned about 0.36% of ESAB at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ESAB. Los Angeles Capital Management LLC purchased a new position in ESAB during the fourth quarter worth about $33,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of ESAB by 109.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock valued at $40,000 after purchasing an additional 174 shares during the period. Smartleaf Asset Management LLC raised its position in shares of ESAB by 259.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock valued at $43,000 after purchasing an additional 275 shares during the last quarter. Global Retirement Partners LLC grew its holdings in ESAB by 3,023.1% in the fourth quarter. Global Retirement Partners LLC now owns 406 shares of the company’s stock valued at $45,000 after purchasing an additional 393 shares during the period. Finally, UMB Bank n.a. increased its position in ESAB by 185.3% during the fourth quarter. UMB Bank n.a. now owns 642 shares of the company’s stock worth $72,000 after purchasing an additional 417 shares during the last quarter. 91.13% of the stock is currently owned by institutional investors and hedge funds.

ESAB Stock Down 3.4%

ESAB stock traded down $2.65 during midday trading on Friday, reaching $76.34. 858,742 shares of the company were exchanged, compared to its average volume of 639,514. 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 1-year low of $75.83 and a 1-year high of $137.42. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 1.61 and a beta of 1.19. The stock’s 50-day simple moving average is $89.01 and its 200 day simple moving average is $98.27.

ESAB (NYSE:ESAB) last posted its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04). ESAB had a net margin of 5.75% and a return on equity of 14.48%. The company had revenue of $807.63 million during the quarter, compared to analyst estimates of $755.64 million. During the same quarter last year, the business posted $1.36 EPS. ESAB’s quarterly 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 analysts forecast that ESAB Corporation will post 5.46 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Rhonda L. Jordan sold 1,000 shares of ESAB stock in a transaction dated 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 owned 1,000 shares of the company’s stock, valued at approximately $95,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 7.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ESAB shares. Stifel Nicolaus dropped their target price 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. DA Davidson assumed coverage on shares of ESAB in a research note on Monday, June 15th. They issued a “buy” rating and a $130.00 target price on the stock. Oppenheimer cut 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 increased their price objective 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. Finally, Weiss Ratings cut ESAB from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, ESAB has an average rating of “Moderate Buy” and a consensus price target of $138.14.

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.