ESCO Technologies Inc. (NYSE:ESE) SVP Alyson S. Barclay sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $62.00, for a total value of $310,000.00. Following the completion of the sale, the senior vice president now owns 101,658 shares of the company’s stock, valued at approximately $6,302,796. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
ESCO Technologies Inc. (ESE) traded up $0.65 during trading hours on Friday, reaching $63.10. The company had a trading volume of 15,972 shares, compared to its average volume of 114,702. The company has a market cap of $1,597.21, a P/E ratio of 20.97 and a beta of 0.97. ESCO Technologies Inc. has a one year low of $50.30 and a one year high of $66.80. The company has a quick ratio of 1.36, a current ratio of 2.10 and a debt-to-equity ratio of 0.34.
ESCO Technologies (NYSE:ESE) last released its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.33 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.33. ESCO Technologies had a return on equity of 8.20% and a net margin of 10.89%. The company had revenue of $173.50 million during the quarter, compared to the consensus estimate of $168.53 million. During the same quarter in the previous year, the company posted $0.47 EPS. ESCO Technologies’s quarterly revenue was up 18.5% compared to the same quarter last year. research analysts anticipate that ESCO Technologies Inc. will post 2.65 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Tuesday, April 3rd will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, April 2nd. This represents a $0.32 annualized dividend and a yield of 0.51%. ESCO Technologies’s payout ratio is currently 10.70%.
A number of hedge funds have recently made changes to their positions in ESE. Teachers Advisors LLC lifted its position in ESCO Technologies by 4.1% in the second quarter. Teachers Advisors LLC now owns 46,358 shares of the scientific and technical instruments company’s stock valued at $2,765,000 after purchasing an additional 1,844 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in ESCO Technologies by 1.1% in the second quarter. TIAA CREF Investment Management LLC now owns 68,738 shares of the scientific and technical instruments company’s stock valued at $4,100,000 after purchasing an additional 730 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in ESCO Technologies by 2.0% in the second 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 purchasing an additional 42 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in ESCO Technologies by 36.1% in the second quarter. UBS Asset Management Americas Inc. now owns 12,846 shares of the scientific and technical instruments company’s stock valued at $766,000 after purchasing an additional 3,405 shares during the last quarter. Finally, Northern Trust Corp lifted its position in ESCO Technologies by 1.2% in the second quarter. Northern Trust Corp now owns 490,815 shares of the scientific and technical instruments company’s stock valued at $29,276,000 after purchasing an additional 5,931 shares during the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.
A number of analysts recently weighed in on ESE shares. B. Riley set a $71.00 target price on ESCO Technologies and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Stephens set a $65.00 target price on ESCO Technologies and gave the stock an “equal weight” rating in a research report on Wednesday, December 6th. Needham & Company LLC upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Finally, Zacks Investment Research downgraded ESCO Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $69.00.
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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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