Bridgeway Capital Management LLC Sells 18,930 Shares of ESCO Technologies Inc. $ESE

Key Points

• Bridgeway Capital Management LLC has reduced its position in ESCO Technologies Inc. by 43.4%, selling 18,930 shares and now holding 24,670 shares worth approximately $3.9 million.
• ESCO Technologies has declared a $0.08 quarterly dividend set to be paid on October 16th, with a recorded payout ratio of 7.21%.
• In its latest earnings report, ESCO missed analysts' expectations with an EPS of $1.60, while its quarterly revenue totaled $296.34 million, falling short of the forecast of $320.23 million.

Bridgeway Capital Management LLC decreased its position in ESCO Technologies Inc. (NYSE:ESE - Free Report) by 43.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,670 shares of the scientific and technical instruments company's stock after selling 18,930 shares during the period. Bridgeway Capital Management LLC owned approximately 0.10% of ESCO Technologies worth $3,925,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in ESCO Technologies during the first quarter worth about $35,000. CX Institutional acquired a new stake in shares of ESCO Technologies during the first quarter worth about $36,000. TD Private Client Wealth LLC bought a new position in shares of ESCO Technologies during the 1st quarter valued at about $38,000. CWM LLC lifted its holdings in shares of ESCO Technologies by 32.2% during the 1st quarter. CWM LLC now owns 402 shares of the scientific and technical instruments company's stock valued at $64,000 after purchasing an additional 98 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of ESCO Technologies by 64.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 478 shares of the scientific and technical instruments company's stock valued at $76,000 after purchasing an additional 188 shares during the period. Institutional investors own 95.70% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of ESCO Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, ESCO Technologies has a consensus rating of "Buy" and a consensus target price of $187.50.

ESCO Technologies Stock Up 2.4%

ESE traded up $4.96 during trading hours on Thursday, hitting $210.35. 191,041 shares of the company's stock were exchanged, compared to its average volume of 235,261. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 47.38 and a beta of 1.25. ESCO Technologies Inc. has a 1-year low of $115.96 and a 1-year high of $211.25. The stock's 50-day moving average is $194.64 and its two-hundred day moving average is $177.41. 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 issued its quarterly earnings results on Thursday, August 7th. The scientific and technical instruments company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.05). ESCO Technologies had a net margin of 10.37% and a return on equity of 11.19%. The business had revenue of $296.34 million during the quarter, compared to analyst estimates of $320.23 million. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The firm'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. Sell-side analysts predict that ESCO Technologies Inc. will post 5.65 earnings per share for the current fiscal year.

ESCO Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Thursday, October 2nd will be given a dividend of $0.08 per share. 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 dividend payout ratio is 7.21%.

ESCO Technologies Company 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.