Commerce Bank Invests $21.94 Million in ESCO Technologies Inc. $ESE

Commerce Bank purchased a new stake in shares of ESCO Technologies Inc. (NYSE:ESE - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 62,691 shares of the scientific and technical instruments company's stock, valued at approximately $21,944,000. Commerce Bank owned approximately 0.24% of ESCO Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. AQR Capital Management LLC raised its holdings in ESCO Technologies by 60.5% during the first quarter. AQR Capital Management LLC now owns 7,683 shares of the scientific and technical instruments company's stock valued at $1,223,000 after buying an additional 2,896 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of ESCO Technologies by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,399 shares of the scientific and technical instruments company's stock worth $2,450,000 after buying an additional 664 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of ESCO Technologies during the 1st quarter worth about $228,000. United Services Automobile Association bought a new stake in shares of ESCO Technologies during the 1st quarter worth about $261,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of ESCO Technologies by 19.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,500 shares of the scientific and technical instruments company's stock valued at $13,127,000 after acquiring an additional 13,648 shares during the last quarter. Institutional investors and hedge funds own 95.70% of the company's stock.

ESCO Technologies Trading Up 0.9%

Shares of NYSE:ESE opened at $287.21 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 1.38. The stock's 50-day moving average is $323.86 and its 200-day moving average is $301.23. The company has a market cap of $7.44 billion, a P/E ratio of 23.66, a P/E/G ratio of 1.65 and a beta of 1.10. ESCO Technologies Inc. has a 52-week low of $191.80 and a 52-week high of $362.15.

ESCO Technologies (NYSE:ESE - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The scientific and technical instruments company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.08. ESCO Technologies had a return on equity of 13.28% and a net margin of 24.39%.The business had revenue of $339.03 million during the quarter, compared to analysts' expectations of $341.40 million. During the same quarter in the previous year, the firm earned $1.60 EPS. The firm'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. Equities research analysts predict that ESCO Technologies Inc. will post 8.34 earnings per share for the current year.

ESCO Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued 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 dividend yield of 0.1%. ESCO Technologies's payout ratio is 2.64%.

Wall Street Analyst Weigh In

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

ESCO Technologies 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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