Rep. Thomas H. Kean, Jr. Buys Shares of ESAB Corporation (NYSE:ESAB)

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of ESAB Corporation (NYSE:ESAB). In a filing disclosed on July 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in ESAB stock on June 24th. 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 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.
• Sold $15,001 – $50,000 in shares of Alphabet (NASDAQ:GOOGL) on 6/24/2026.
• Purchased $1,001 – $15,000 in shares of ESAB (NYSE:ESAB) on 6/22/2026.
• Sold $1,001 – $15,000 in shares of Gildan Activewear (NYSE:GIL) on 6/17/2026.
• Purchased $1,001 – $15,000 in shares of Wheaton Precious Metals (NYSE:WPM) on 6/4/2026.
• Purchased $1,001 – $15,000 in shares of Gildan Activewear (NYSE:GIL) on 6/2/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 6/2/2026.

ESAB Stock Performance

ESAB stock traded down $2.04 during mid-day trading on Friday, reaching $89.77. The company had a trading volume of 1,136,296 shares, compared to its average volume of 652,679. The company has a quick ratio of 2.26, a current ratio of 2.97 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $5.47 billion, a P/E ratio of 26.56, a P/E/G ratio of 1.69 and a beta of 1.17. ESAB Corporation has a one year low of $82.18 and a one year high of $137.42. The stock’s 50-day simple moving average is $92.84 and its two-hundred day simple moving average is $105.25.

ESAB (NYSE:ESAB) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.01). ESAB had a net margin of 7.11% and a return on equity of 15.04%. The firm had revenue of $745.60 million for the quarter, compared to analyst estimates of $706.74 million. During the same period last year, the firm posted $1.25 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. Research analysts anticipate that ESAB Corporation will post 5.79 EPS for the current year.

ESAB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 3rd were given a $0.12 dividend. This is a boost from ESAB’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, July 2nd. ESAB’s dividend payout ratio is 14.20%.

Institutional Trading of ESAB

Hedge funds and other institutional investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its holdings in ESAB by 0.7% during the second quarter. Thrivent Financial for Lutherans now owns 13,417 shares of the company’s stock worth $1,617,000 after buying an additional 95 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of ESAB by 0.5% in the third quarter. Public Employees Retirement System of Ohio now owns 19,605 shares of the company’s stock valued at $2,191,000 after buying an additional 107 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of ESAB by 5.0% in the first quarter. HB Wealth Management LLC now owns 2,479 shares of the company’s stock valued at $240,000 after buying an additional 118 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of ESAB by 5.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,689 shares of the company’s stock valued at $300,000 after acquiring an additional 149 shares during the last quarter. Finally, Lafayette Investments Inc. lifted its position in shares of ESAB by 0.5% during the 4th quarter. Lafayette Investments Inc. now owns 34,266 shares of the company’s stock valued at $3,828,000 after acquiring an additional 161 shares during the last quarter. 91.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ESAB has been the subject of several recent analyst reports. Wall Street Zen cut shares of ESAB from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Stifel Nicolaus set a $141.00 target price on ESAB in a report on Friday, May 8th. JPMorgan Chase & Co. cut their target price on ESAB from $148.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Oppenheimer reaffirmed an “outperform” rating and set a $140.00 price target on shares of ESAB in a research note on Tuesday, April 14th. Finally, Weiss Ratings cut ESAB from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.50.

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.

ESAB Company 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.