Bridgeway Capital Management LLC Lowers Holdings in 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 lessened its stake in ESCO Technologies Inc. (NYSE:ESE - Free Report) by 43.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,670 shares of the scientific and technical instruments company's stock after selling 18,930 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.10% of ESCO Technologies worth $3,925,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ESE. Opal Wealth Advisors LLC bought a new position in ESCO Technologies during the 1st quarter valued at $35,000. CX Institutional bought a new stake in shares of ESCO Technologies in the 1st quarter worth $36,000. TD Private Client Wealth LLC purchased a new stake in shares of ESCO Technologies in the first quarter valued at about $38,000. CWM LLC raised its holdings in shares of ESCO Technologies by 32.2% in the first 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 during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of ESCO Technologies by 64.8% during the first 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 in the last quarter. 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 research report on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $187.50.

ESCO Technologies Stock Performance

ESE traded down $4.07 during midday trading on Tuesday, reaching $201.38. The company had a trading volume of 183,597 shares, compared to its average volume of 173,947. ESCO Technologies Inc. has a 12-month low of $113.85 and a 12-month high of $205.61. The business has a 50-day moving average price of $194.11 and a two-hundred day moving average price of $176.86. The stock has a market cap of $5.20 billion, a PE ratio of 45.36 and a beta of 1.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 1.52.

ESCO Technologies (NYSE:ESE - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $296.34 million during the quarter, compared to analysts' expectations of $320.23 million. During the same period last year, the business posted $1.16 EPS. The company's revenue was up 13.6% compared to the same quarter last year. 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, sell-side analysts expect that ESCO Technologies Inc. will post 5.65 earnings per share for the current fiscal year.

ESCO Technologies Announces Dividend

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