Algert Global LLC Takes $936,000 Position in ESCO Technologies Inc. $ESE

Key Points

• Algert Global LLC has made a $936,000 investment in ESCO Technologies Inc., acquiring 5,881 shares during the first quarter.
• ESCO Technologies has seen a mixed analyst outlook, with a consensus rating of "Buy", while Wall Street Zen downgraded it from "buy" to "hold".
• The company recently reported earnings of $1.60 per share, missing expectations, and announced a $0.08 quarterly dividend payable on October 16th.

Algert Global LLC purchased a new stake in ESCO Technologies Inc. (NYSE:ESE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,881 shares of the scientific and technical instruments company's stock, valued at approximately $936,000.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of ESCO Technologies by 3.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 315,479 shares of the scientific and technical instruments company's stock valued at $50,199,000 after buying an additional 9,402 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of ESCO Technologies by 4.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,047 shares of the scientific and technical instruments company's stock valued at $326,000 after buying an additional 93 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of ESCO Technologies by 0.9% in the 1st quarter. New York State Teachers Retirement System now owns 11,617 shares of the scientific and technical instruments company's stock worth $1,848,000 after acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of ESCO Technologies by 18.0% in the 1st quarter. GAMMA Investing LLC now owns 674 shares of the scientific and technical instruments company's stock worth $107,000 after acquiring an additional 103 shares during the last quarter. Finally, CX Institutional acquired a new position in shares of ESCO Technologies in the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 95.70% of the company's stock.

Analyst Upgrades and Downgrades

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

ESCO Technologies Price Performance

Shares of ESE opened at $195.3350 on Friday. ESCO Technologies Inc. has a fifty-two week low of $113.30 and a fifty-two week high of $201.72. The firm's 50 day moving average price is $190.93 and its 200 day moving average price is $173.56. The company has a market cap of $5.04 billion, a P/E ratio of 43.99 and a beta of 1.23. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.38.

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

ESCO Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Thursday, October 2nd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, October 2nd. ESCO Technologies's dividend payout ratio is presently 7.21%.

ESCO Technologies Profile

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.

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