Fox Run Management L.L.C. Makes New Investment in ESCO Technologies Inc. $ESE

Key Points

• Fox Run Management L.L.C. has acquired 3,194 shares of ESCO Technologies Inc., valued at approximately $508,000, as part of their recent investment strategy.
• ESCO Technologies reported $1.60 earnings per share for the last quarter, falling short of the consensus estimate of $1.65, while revenues were $296.34 million, below expectations.
• The company announced a quarterly dividend of $0.08 per share to be paid on October 16th, with an annualized yield of 0.2%.

Fox Run Management L.L.C. purchased a new position in ESCO Technologies Inc. (NYSE:ESE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,194 shares of the scientific and technical instruments company's stock, valued at approximately $508,000.

Several other large investors also recently modified their holdings of the company. Nuveen LLC bought a new stake in shares of ESCO Technologies during the 1st quarter valued at about $90,067,000. Wellington Management Group LLP boosted its position in shares of ESCO Technologies by 152.6% during the 4th quarter. Wellington Management Group LLP now owns 380,104 shares of the scientific and technical instruments company's stock worth $50,634,000 after purchasing an additional 229,601 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of ESCO Technologies by 18,682.3% in the 1st quarter. GAMMA Investing LLC now owns 107,247 shares of the scientific and technical instruments company's stock valued at $17,065,000 after buying an additional 106,676 shares during the period. Vanguard Group Inc. increased its position in ESCO Technologies by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 2,973,925 shares of the scientific and technical instruments company's stock valued at $473,211,000 after buying an additional 66,392 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in ESCO Technologies in the fourth quarter worth approximately $6,287,000. 95.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ESE has been the topic of a number of research reports. Wall Street Zen cut ESCO Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Benchmark raised their price objective on shares of ESCO Technologies from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $187.50.

ESCO Technologies Stock Performance

Shares of ESE stock traded up $5.7650 during trading on Friday, hitting $196.3150. The company's stock had a trading volume of 133,436 shares, compared to its average volume of 166,082. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38. The company has a market cap of $5.07 billion, a PE ratio of 44.20 and a beta of 1.23. The business has a fifty day moving average of $190.70 and a 200-day moving average of $172.85. ESCO Technologies Inc. has a 52 week low of $113.30 and a 52 week high of $201.72.

ESCO Technologies (NYSE:ESE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The scientific and technical instruments company reported $1.60 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.05). The business had revenue of $296.34 million for the quarter, compared to the consensus estimate of $320.23 million. ESCO Technologies had a return on equity of 11.19% and a net margin of 10.37%.The business's revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share. ESCO Technologies has set its FY 2025 guidance at 5.750-5.900 EPS. Q4 2025 guidance at 2.040-2.190 EPS. As a group, research analysts anticipate that ESCO Technologies Inc. will post 5.65 earnings per share for the current year.

ESCO Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Thursday, October 2nd will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $0.32 annualized dividend and a yield of 0.2%. ESCO Technologies's payout ratio is currently 7.21%.

About ESCO Technologies

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. 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.