ESCO Technologies Inc. $ESE Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. sold 3,019 shares of ESCO Technologies Inc., reducing its stake by 63.3% to 1,749 shares, valued at approximately $278,000.
• ESCO Technologies reported earnings of $1.60 per share, missing analyst expectations of $1.65, with a revenue of $296.34 million for the quarter, which is a 13.6% year-over-year increase.
• The company announced a quarterly dividend of $0.08 per share, with the ex-dividend date set for October 2nd, representing an annualized yield of 0.2%.

Connor Clark & Lunn Investment Management Ltd. decreased its position in ESCO Technologies Inc. (NYSE:ESE - Free Report) by 63.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,749 shares of the scientific and technical instruments company's stock after selling 3,019 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in ESCO Technologies were worth $278,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in ESCO Technologies by 3.1% in the first 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 acquiring an additional 9,402 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in ESCO Technologies by 4.8% in the first 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 acquiring an additional 93 shares in the last quarter. New York State Teachers Retirement System grew its position in ESCO Technologies by 0.9% in the first quarter. New York State Teachers Retirement System now owns 11,617 shares of the scientific and technical instruments company's stock valued at $1,848,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC grew its position in ESCO Technologies by 18.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the scientific and technical instruments company's stock valued at $107,000 after acquiring an additional 103 shares in the last quarter. Finally, CX Institutional acquired a new stake in ESCO Technologies in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 95.70% of the company's stock.

ESCO Technologies Stock Up 0.6%

Shares of ESCO Technologies stock traded up $1.10 on Tuesday, hitting $194.85. 207,592 shares of the company's stock traded hands, compared to its average volume of 205,489. The firm's 50-day moving average is $191.38 and its 200 day moving average is $174.24. ESCO Technologies Inc. has a 52-week low of $113.30 and a 52-week high of $201.72. The stock has a market cap of $5.03 billion, a P/E ratio of 43.88 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 quarterly earnings data 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 return on equity of 11.19% and a net margin of 10.37%.The firm had revenue of $296.34 million for the quarter, compared to the consensus estimate of $320.23 million. During the same quarter last year, the business earned $1.16 earnings per share. The business's revenue for the quarter 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. Equities analysts anticipate that ESCO Technologies Inc. will post 5.65 earnings per share for the current year.

ESCO Technologies Dividend Announcement

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 paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, October 2nd. ESCO Technologies's dividend payout ratio (DPR) is presently 7.21%.

Wall Street Analysts Forecast Growth

ESE has been the subject of several research analyst reports. Benchmark increased their target price on ESCO Technologies from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Wall Street Zen cut ESCO Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $187.50.

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.