NorthCrest Asset Manangement LLC Sells 1,309 Shares of ESCO Technologies Inc. $ESE

Key Points

• NorthCrest Asset Management LLC reduced its holdings in ESCO Technologies Inc. by 30.2%, resulting in a total of 3,020 shares valued at $592,000 at the end of the last reporting period.
• ESCO Technologies reported $1.60 earnings per share (EPS) for the latest quarter, missing analysts' estimates, with revenues of $296.34 million.
• The company announced a quarterly dividend of $0.08 per share, to be paid on October 16th, representing an annual yield of 0.2%.

NorthCrest Asset Manangement LLC cut its position in shares of ESCO Technologies Inc. (NYSE:ESE - Free Report) by 30.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,020 shares of the scientific and technical instruments company's stock after selling 1,309 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in ESCO Technologies were worth $592,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in ESCO Technologies during the first quarter valued at $35,000. CX Institutional purchased a new position in ESCO Technologies during the first quarter valued at $36,000. TD Private Client Wealth LLC purchased a new position in ESCO Technologies during the first quarter valued at $38,000. Harbor Investment Advisory LLC purchased a new position in ESCO Technologies during the second quarter valued at $38,000. Finally, CWM LLC raised its stake in ESCO Technologies by 32.2% during the first quarter. CWM LLC now owns 402 shares of the scientific and technical instruments company's stock valued at $64,000 after buying an additional 98 shares during the last quarter. 95.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

ESCO Technologies Price Performance

Shares of NYSE ESE traded up $1.77 during mid-day trading on Tuesday, reaching $215.07. The company's stock had a trading volume of 78,475 shares, compared to its average volume of 175,931. The firm has a market capitalization of $5.56 billion, a PE ratio of 48.48 and a beta of 1.25. 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 stock has a fifty day moving average of $197.44 and a two-hundred day moving average of $180.04. ESCO Technologies Inc. has a 52 week low of $119.57 and a 52 week high of $220.32.

ESCO Technologies (NYSE:ESE - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $296.34 million during the quarter, compared to the consensus estimate of $320.23 million. ESCO Technologies had a return on equity of 11.19% and a net margin of 10.37%.The business's revenue was up 13.6% on a year-over-year basis. During the same period last year, the company earned $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. As a group, sell-side analysts anticipate 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. Stockholders of record on Thursday, October 2nd will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. ESCO Technologies's dividend payout ratio 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.