Bank of New York Mellon Corp Purchases Shares of 175,308 ESCO Technologies Inc. $ESE

Key Points

• Bank of New York Mellon acquired 175,308 ESCO Technologies shares worth approximately $61.4 million, representing a 0.68% stake. Institutional investors collectively own 95.70% of the company.
• Analysts maintain a generally positive outlook, with an average “Buy” rating and a consensus price target of $416.50; Deutsche Bank and JPMorgan both set targets above $400.
• ESCO reported quarterly EPS of $2.20, beating estimates of $2.12, while revenue rose 14.4% year over year to $339.03 million. The company also declared a quarterly dividend of $0.08 per share.

Bank of New York Mellon Corp acquired a new position in ESCO Technologies Inc. (NYSE:ESE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 175,308 shares of the scientific and technical instruments company's stock, valued at approximately $61,365,000. Bank of New York Mellon Corp owned 0.68% of ESCO Technologies as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. First Citizens Bank & Trust Co. raised its holdings in shares of ESCO Technologies by 1.3% during the fourth quarter. First Citizens Bank & Trust Co. now owns 3,397 shares of the scientific and technical instruments company's stock valued at $664,000 after acquiring an additional 42 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in ESCO Technologies by 9.7% in the second quarter. Smartleaf Asset Management LLC now owns 677 shares of the scientific and technical instruments company's stock valued at $132,000 after acquiring an additional 60 shares in the last quarter. Vident Advisory LLC increased its position in ESCO Technologies by 3.7% during the 3rd quarter. Vident Advisory LLC now owns 1,678 shares of the scientific and technical instruments company's stock valued at $354,000 after purchasing an additional 60 shares during the period. Maryland State Retirement & Pension System increased its position in ESCO Technologies by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 3,774 shares of the scientific and technical instruments company's stock valued at $737,000 after purchasing an additional 61 shares during the period. Finally, Crossmark Global Holdings Inc. raised its holdings in ESCO Technologies by 3.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 1,675 shares of the scientific and technical instruments company's stock worth $327,000 after purchasing an additional 62 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of ESCO Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Weiss Ratings lowered shares of ESCO Technologies from a "buy (a)" rating to a "buy (a-)" rating in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $413.00 price objective on shares of ESCO Technologies in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. began coverage on ESCO Technologies in a report on Monday, June 15th. They set an "overweight" rating and a $420.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $416.50.

ESCO Technologies Trading Up 2.1%

Shares of NYSE ESE opened at $282.77 on Thursday. ESCO Technologies Inc. has a 1 year low of $193.68 and a 1 year high of $362.15. The stock has a market cap of $7.33 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 1.59 and a beta of 1.10. The firm has a 50-day moving average of $320.72 and a 200 day moving average of $302.59. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.38 and a quick ratio of 0.94.

ESCO Technologies (NYSE:ESE - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The scientific and technical instruments company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $0.08. ESCO Technologies had a net margin of 24.39% and a return on equity of 13.28%. The business had revenue of $339.03 million for the quarter, compared to analysts' expectations of $341.40 million. During the same quarter in the prior year, the company earned $1.60 earnings per share. The business's revenue was up 14.4% compared to the same quarter last year. ESCO Technologies has set its FY 2026 guidance at 8.300-8.400 EPS and its Q4 2026 guidance at 2.550-2.650 EPS. As a group, sell-side analysts expect that ESCO Technologies Inc. will post 8.35 EPS for the current fiscal year.

ESCO Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. ESCO Technologies's payout ratio is presently 2.64%.

ESCO Technologies Company Profile

ESCO Technologies Inc is a diversified manufacturer of engineered products and systems designed to meet customers' critical performance requirements in the test, measurement, control, and filtration of data, fluids, and gases. The company serves a wide range of end markets, including commercial aerospace, defense, industrial, medical, and communication network sectors. ESCO's solutions are tailored to environments where reliability, precision and regulatory compliance are paramount.

Operating through multiple business segments, ESCO Technologies delivers test and measurement instruments such as RF and microwave components, signal distribution systems, and integrated test enclosures that support defense and aerospace programs.

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