Schroder Investment Management Group raised its holdings in shares of ESCO Technologies Inc. (NYSE:ESE) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,932 shares of the scientific and technical instruments company’s stock after purchasing an additional 6,682 shares during the period. Schroder Investment Management Group owned 1.04% of ESCO Technologies worth $16,196,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Amalgamated Bank lifted its position in ESCO Technologies by 1.1% in the 2nd quarter. Amalgamated Bank now owns 3,485 shares of the scientific and technical instruments company’s stock valued at $208,000 after acquiring an additional 39 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in ESCO Technologies by 2.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,158 shares of the scientific and technical instruments company’s stock valued at $129,000 after acquiring an additional 42 shares in the last quarter. Pinebridge Investments L.P. lifted its position in ESCO Technologies by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,403 shares of the scientific and technical instruments company’s stock valued at $203,000 after acquiring an additional 47 shares in the last quarter. Arizona State Retirement System lifted its position in ESCO Technologies by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 13,453 shares of the scientific and technical instruments company’s stock valued at $802,000 after acquiring an additional 100 shares in the last quarter. Finally, Texas Permanent School Fund lifted its holdings in shares of ESCO Technologies by 1.3% during the 2nd quarter. Texas Permanent School Fund now owns 18,859 shares of the scientific and technical instruments company’s stock valued at $1,125,000 after buying an additional 235 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.
Shares of ESCO Technologies Inc. (ESE) traded down $1.20 during trading on Friday, hitting $60.25. The stock had a trading volume of 63,000 shares, compared to its average volume of 85,673. The stock has a market capitalization of $1,587.62, a price-to-earnings ratio of 28.72 and a beta of 1.05. ESCO Technologies Inc. has a 52-week low of $50.30 and a 52-week high of $65.95. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.38.
ESCO Technologies (NYSE:ESE) last announced its quarterly earnings data on Tuesday, November 14th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The business had revenue of $207.01 million during the quarter, compared to the consensus estimate of $211.02 million. ESCO Technologies had a net margin of 7.83% and a return on equity of 8.64%. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 earnings per share. sell-side analysts forecast that ESCO Technologies Inc. will post 2.34 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Thursday, January 4th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, January 3rd. ESCO Technologies’s payout ratio is currently 15.46%.
Several research firms have recently weighed in on ESE. Stephens set a $65.00 price target on ESCO Technologies and gave the company an “equal weight” rating in a report on Wednesday, December 6th. Needham & Company LLC raised ESCO Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. Zacks Investment Research raised ESCO Technologies from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Tuesday, October 3rd. Finally, B. Riley reiterated a “buy” rating on shares of ESCO Technologies in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $68.75.
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ESCO Technologies Company Profile
ESCO Technologies Inc (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging.
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