Cubist Systematic Strategies LLC Invests $5.35 Million in ESCO Technologies Inc. $ESE

Key Points

• Cubist Systematic Strategies LLC acquired a new stake in ESCO Technologies, purchasing 33,651 shares worth approximately $5.35 million, representing 0.13% ownership.
• ESCO Technologies reported quarterly earnings of $1.60 per share, missing analyst expectations, with revenue of $296.34 million, which was below the forecast of $320.23 million.
• The company announced a quarterly dividend of $0.08 per share, payable on October 16th, with a dividend yield of 0.2% and a payout ratio of 7.21%.

Cubist Systematic Strategies LLC acquired a new stake in shares of ESCO Technologies Inc. (NYSE:ESE - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 33,651 shares of the scientific and technical instruments company's stock, valued at approximately $5,354,000. Cubist Systematic Strategies LLC owned about 0.13% of ESCO Technologies at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in ESCO Technologies in the 1st quarter valued at about $35,000. CX Institutional acquired a new stake in shares of ESCO Technologies in the first quarter valued at approximately $36,000. TD Private Client Wealth LLC purchased a new position in shares of ESCO Technologies in the 1st quarter worth $38,000. CWM LLC increased its position in shares of ESCO Technologies by 32.2% in the 1st quarter. CWM LLC now owns 402 shares of the scientific and technical instruments company's stock worth $64,000 after purchasing an additional 98 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in ESCO Technologies by 64.8% during 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 ESCO Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $187.50.

ESCO Technologies Stock Up 1.2%

Shares of NYSE ESE traded up $2.42 during trading on Monday, hitting $205.08. The stock had a trading volume of 79,993 shares, compared to its average volume of 173,319. The company has a market capitalization of $5.30 billion, a PE ratio of 46.19 and a beta of 1.25. ESCO Technologies Inc. has a 12 month low of $113.74 and a 12 month high of $205.51. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 1.04. The firm has a fifty day moving average of $193.62 and a two-hundred day moving average of $176.39.

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 EPS 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 for the quarter, compared to the consensus estimate of $320.23 million. During the same quarter in the previous year, the business earned $1.16 earnings per share. The firm's 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. As a group, equities research analysts forecast that ESCO Technologies Inc. will post 5.65 EPS for the current fiscal year.

ESCO Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Thursday, October 2nd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, October 2nd. ESCO Technologies's dividend payout ratio (DPR) is presently 7.21%.

About ESCO Technologies

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.