ESCO Technologies Inc. (NYSE:ESE) SVP Alyson S. Barclay sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $62.00, for a total transaction of $310,000.00. Following the completion of the transaction, the senior vice president now directly owns 101,658 shares of the company’s stock, valued at approximately $6,302,796. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of ESCO Technologies Inc. (NYSE ESE) traded down $0.30 during mid-day trading on Friday, reaching $61.30. 13,728 shares of the company’s stock were exchanged, compared to its average volume of 111,019. The stock has a market capitalization of $1,579.12, a P/E ratio of 29.66 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 quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. The business had revenue of $173.50 million for the quarter, compared to the consensus estimate of $168.53 million. ESCO Technologies had a net margin of 10.89% and a return on equity of 8.20%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. analysts anticipate that ESCO Technologies Inc. will post 2.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, April 3rd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Monday, April 2nd. ESCO Technologies’s dividend payout ratio (DPR) is 10.70%.
A number of analysts have recently weighed in on ESE shares. B. Riley set a $71.00 target price on shares of ESCO Technologies and gave the company a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded shares of ESCO Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Needham & Company LLC raised shares of ESCO Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. Finally, Stephens set a $65.00 price target on shares of ESCO Technologies and gave the stock an “equal weight” rating in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $69.00.
Several hedge funds have recently made changes to their positions in ESE. PNC Financial Services Group Inc. grew its holdings in shares of 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 in the last quarter. Regal Wealth Group Inc. acquired a new position in shares of ESCO Technologies in the fourth quarter valued at approximately $167,000. Royal Bank of Canada grew its holdings in shares of ESCO Technologies by 332.1% in the second quarter. Royal Bank of Canada now owns 3,098 shares of the scientific and technical instruments company’s stock valued at $184,000 after purchasing an additional 2,381 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of ESCO Technologies in the third quarter valued at approximately $201,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of ESCO Technologies in the second quarter valued at approximately $234,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.
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About ESCO Technologies
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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