TimesSquare Capital Management LLC Makes New $56.68 Million Investment in ESAB Corporation $ESAB

TimesSquare Capital Management LLC acquired a new stake in ESAB Corporation (NYSE:ESAB) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 574,650 shares of the company’s stock, valued at approximately $56,678,000.

Several other large investors have also recently made changes to their positions in ESAB. Los Angeles Capital Management LLC bought a new stake in shares of ESAB during the 4th quarter worth $33,000. Northwestern Mutual Wealth Management Co. grew its position in 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 buying an additional 174 shares during the period. Smartleaf Asset Management LLC grew its position in ESAB by 259.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock valued at $43,000 after buying an additional 275 shares during the period. Global Retirement Partners LLC increased its holdings in ESAB by 3,023.1% during the fourth quarter. Global Retirement Partners LLC now owns 406 shares of the company’s stock worth $45,000 after buying an additional 393 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings 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 buying an additional 417 shares during the last quarter. 91.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $95.00, for a total value 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. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Weiss Ratings lowered shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Oppenheimer decreased their price target 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. DA Davidson assumed coverage on shares of ESAB in a report on Monday, June 15th. They issued a “buy” rating and a $130.00 price target on the stock. Stifel Nicolaus dropped their price objective on shares of ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, Roth Capital upped their price target on shares of ESAB from $142.00 to $151.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $138.38.

ESAB Trading Down 3.2%

Shares of ESAB opened at $82.06 on Tuesday. ESAB Corporation has a twelve month low of $81.89 and a twelve month high of $137.42. The stock has a market cap of $5.10 billion, a PE ratio of 29.41, a P/E/G ratio of 1.66 and a beta of 1.19. The company has a quick ratio of 1.22, a current ratio of 1.96 and a debt-to-equity ratio of 0.99. The business’s 50-day moving average price is $91.38 and its 200-day moving average price is $100.68.

ESAB (NYSE:ESAB) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04). The firm had revenue of $807.63 million during the quarter, compared to the consensus estimate of $755.64 million. ESAB had a net margin of 5.75% and a return on equity of 14.48%. ESAB’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 earnings per share. 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 EPS for the current fiscal year.

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.