ESCO Technologies Inc. $ESE Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in ESCO Technologies Inc. by 8.2% during Q1, selling 2,095 shares, and now holds 23,597 shares valued at $3.76 million.
• ESCO Technologies reported a missed earnings estimate of $1.60 per share, falling short of the $1.65 estimate, with revenue of $296.34 million against an expected $320.23 million.
• The company declared a quarterly dividend of $0.08, payable on October 16th, resulting in an annualized dividend of $0.32 and a yield of 0.2%.

Deutsche Bank AG decreased its holdings in ESCO Technologies Inc. (NYSE:ESE - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,597 shares of the scientific and technical instruments company's stock after selling 2,095 shares during the quarter. Deutsche Bank AG owned 0.09% of ESCO Technologies worth $3,755,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in ESCO Technologies in the first quarter worth approximately $35,000. CX Institutional purchased a new position in ESCO Technologies in the first quarter worth approximately $36,000. TD Private Client Wealth LLC purchased a new position in ESCO Technologies in the first quarter worth approximately $38,000. Sterling Capital Management LLC lifted its stake in ESCO Technologies by 627.1% in the fourth quarter. Sterling Capital Management LLC now owns 429 shares of the scientific and technical instruments company's stock worth $57,000 after acquiring an additional 370 shares during the last quarter. Finally, CWM LLC lifted its stake in ESCO Technologies by 32.2% in the first quarter. CWM LLC now owns 402 shares of the scientific and technical instruments company's stock worth $64,000 after acquiring an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 95.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Benchmark lifted their price target on shares of ESCO Technologies from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Wall Street Zen downgraded shares of 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, Based on data from MarketBeat, ESCO Technologies has a consensus rating of "Buy" and a consensus price target of $187.50.

ESCO Technologies Stock Up 2.5%

Shares of NYSE:ESE traded up $4.7850 during trading on Friday, hitting $195.3350. 243,272 shares of the company were exchanged, compared to its average volume of 197,842. The stock has a market capitalization of $5.05 billion, a P/E ratio of 43.99 and a beta of 1.23. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 1.04. ESCO Technologies Inc. has a 12-month low of $113.30 and a 12-month high of $201.72. The firm's 50 day moving average price is $190.93 and its 200-day moving average price is $173.56.

ESCO Technologies (NYSE:ESE - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The scientific and technical instruments company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.05). The company had revenue of $296.34 million for the quarter, compared to analysts' expectations of $320.23 million. ESCO Technologies had a return on equity of 11.19% and a net margin of 10.37%.The firm's quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 EPS. 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, research analysts predict that ESCO Technologies Inc. will post 5.65 earnings per share for the current fiscal year.

ESCO Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, October 2nd. ESCO Technologies's payout ratio is currently 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.