Victory Capital Management Inc. raised its holdings in ESCO Technologies Inc. (NYSE:ESE – Get Rating) by 1,022.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 221,104 shares of the scientific and technical instruments company’s stock after acquiring an additional 201,411 shares during the period. Victory Capital Management Inc.’s holdings in ESCO Technologies were worth $15,117,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. OLD National Bancorp IN grew its stake in shares of ESCO Technologies by 11.2% in the 2nd quarter. OLD National Bancorp IN now owns 3,485 shares of the scientific and technical instruments company’s stock valued at $238,000 after buying an additional 351 shares during the period. Comerica Bank grew its stake in shares of ESCO Technologies by 1.6% in the 1st quarter. Comerica Bank now owns 100,676 shares of the scientific and technical instruments company’s stock valued at $6,678,000 after buying an additional 1,595 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of ESCO Technologies by 11.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 60,058 shares of the scientific and technical instruments company’s stock valued at $4,199,000 after buying an additional 6,128 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of ESCO Technologies by 22.1% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 36,462 shares of the scientific and technical instruments company’s stock valued at $2,549,000 after buying an additional 6,596 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of ESCO Technologies by 5.0% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,278 shares of the scientific and technical instruments company’s stock worth $509,000 after purchasing an additional 346 shares during the period. Institutional investors and hedge funds own 94.98% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. TheStreet raised shares of ESCO Technologies from a “c+” rating to a “b-” rating in a research report on Friday, August 12th. StockNews.com assumed coverage on shares of ESCO Technologies in a research report on Wednesday, October 12th. They set a “hold” rating for the company.
ESCO Technologies Stock Performance
NYSE:ESE opened at $81.94 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.89. The stock has a market capitalization of $2.12 billion, a P/E ratio of 29.80 and a beta of 1.04. The company has a 50 day moving average price of $79.52 and a 200 day moving average price of $72.36. ESCO Technologies Inc. has a fifty-two week low of $60.03 and a fifty-two week high of $96.01.
ESCO Technologies (NYSE:ESE – Get Rating) last issued its quarterly earnings results on Monday, August 8th. The scientific and technical instruments company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.86 by $0.03. ESCO Technologies had a net margin of 8.88% and a return on equity of 7.27%. The company had revenue of $219.10 million during the quarter, compared to analysts’ expectations of $215.16 million. During the same quarter last year, the company posted $0.67 EPS. The firm’s revenue was up 20.8% compared to the same quarter last year. Equities research analysts forecast that ESCO Technologies Inc. will post 3.15 EPS for the current year.
ESCO Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 18th. Shareholders of record on Tuesday, October 4th were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, October 3rd. This represents a $0.32 annualized dividend and a yield of 0.39%. ESCO Technologies’s dividend payout ratio is presently 11.64%.
ESCO Technologies Profile
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ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through Aerospace & Defense, Utility Solutions Group, and RF Shielding and Test segments. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines.
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