Dakota Wealth Management Invests $979,000 in ESCO Technologies Inc. $ESE

Key Points

• Dakota Wealth Management has invested approximately $979,000 in ESCO Technologies Inc., acquiring 5,102 shares during the 2nd quarter.
• ESCO Technologies reported earnings of $1.60 per share for the last quarter, which was below analysts' estimates of $1.65, while year-over-year revenue increased by 13.6%.
• The company's quarterly dividend of $0.08 will be paid on October 16th, reflecting a 0.2% dividend yield for shareholders.

Dakota Wealth Management acquired a new position in shares of ESCO Technologies Inc. (NYSE:ESE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,102 shares of the scientific and technical instruments company's stock, valued at approximately $979,000.

A number of other hedge funds also recently modified their holdings of ESE. Millennium Management LLC lifted its holdings in shares of ESCO Technologies by 12.9% in the fourth quarter. Millennium Management LLC now owns 7,364 shares of the scientific and technical instruments company's stock valued at $981,000 after purchasing an additional 840 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in ESCO Technologies by 12.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,852 shares of the scientific and technical instruments company's stock worth $9,172,000 after buying an additional 7,874 shares during the last quarter. GAMMA Investing LLC grew its position in shares of ESCO Technologies by 18,682.3% in the first quarter. GAMMA Investing LLC now owns 107,247 shares of the scientific and technical instruments company's stock valued at $17,065,000 after purchasing an additional 106,676 shares during the last quarter. Heritage Family Offices LLP grew its position in shares of ESCO Technologies by 7.0% in the first quarter. Heritage Family Offices LLP now owns 2,096 shares of the scientific and technical instruments company's stock valued at $334,000 after purchasing an additional 138 shares during the last quarter. Finally, CX Institutional acquired a new stake in shares of ESCO Technologies in the first quarter valued at about $36,000. Hedge funds and other institutional investors own 95.70% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded ESCO Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $187.50.

ESCO Technologies Trading Down 2.5%

Shares of ESE opened at $204.06 on Friday. The stock has a 50 day simple moving average of $198.67 and a 200-day simple moving average of $181.36. ESCO Technologies Inc. has a 1 year low of $119.57 and a 1 year high of $220.32. The stock has a market cap of $5.27 billion, a PE ratio of 45.96 and a beta of 1.25. 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 (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 for the quarter, compared to analyst estimates of $320.23 million. During the same period in the prior year, the business earned $1.16 earnings per share. The company's revenue for the quarter 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, sell-side analysts predict that ESCO Technologies Inc. will post 5.65 EPS for the current fiscal year.

ESCO Technologies Dividend Announcement

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

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.

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