Cookson Peirce & Co. Inc. Takes $939,000 Position in ESCO Technologies Inc. $ESE

Key Points

• Cookson Peirce & Co. Inc. has acquired a new stake in ESCO Technologies Inc., purchasing 4,892 shares valued at approximately $939,000.
• ESCO Technologies reported earnings per share of $1.60 in its latest quarterly results, missing analysts' expectations and showing a 13.6% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.08 per share, reflecting a 0.1% dividend yield with a payout ratio of 7.21%.

Cookson Peirce & Co. Inc. acquired a new stake in ESCO Technologies Inc. (NYSE:ESE - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,892 shares of the scientific and technical instruments company's stock, valued at approximately $939,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in ESCO Technologies by 3.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 315,479 shares of the scientific and technical instruments company's stock worth $50,199,000 after purchasing an additional 9,402 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in ESCO Technologies by 4.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,047 shares of the scientific and technical instruments company's stock worth $326,000 after purchasing an additional 93 shares during the period. New York State Teachers Retirement System grew its holdings in ESCO Technologies by 0.9% during the first quarter. New York State Teachers Retirement System now owns 11,617 shares of the scientific and technical instruments company's stock worth $1,848,000 after purchasing an additional 100 shares during the period. GAMMA Investing LLC grew its holdings in ESCO Technologies by 18.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the scientific and technical instruments company's stock worth $107,000 after purchasing an additional 103 shares during the period. Finally, Blue Trust Inc. grew its holdings in ESCO Technologies by 88.1% during the first quarter. Blue Trust Inc. now owns 666 shares of the scientific and technical instruments company's stock worth $106,000 after purchasing an additional 312 shares during the period. Institutional investors own 95.70% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on ESE. Wall Street Zen cut ESCO Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Weiss Ratings reiterated a "buy (b)" rating on shares of ESCO Technologies in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $187.50.

ESCO Technologies Stock Down 2.6%

NYSE ESE opened at $214.44 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38. ESCO Technologies Inc. has a 1-year low of $125.45 and a 1-year high of $223.27. The company has a 50 day moving average of $205.72 and a 200-day moving average of $187.88. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 48.30 and a beta of 1.23.

ESCO Technologies (NYSE:ESE - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The scientific and technical instruments company reported $1.60 earnings per share for the quarter, missing analysts' consensus estimates 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. On average, equities research 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 was paid on Thursday, October 16th. Shareholders of record on Thursday, October 2nd were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was 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.

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