Intech Investment Management LLC Boosts Stock Holdings in ESCO Technologies Inc. $ESE

Key Points

• Intech Investment Management LLC has increased its position in ESCO Technologies Inc. by 8.1%, holding a total of 20,352 shares valued at approximately $3.24 million.
• The company recently declared a quarterly dividend of $0.08, reflecting an annualized dividend yield of 0.2%.
• ESCO Technologies reported earnings of $1.60 per share for the last quarter, which was below the consensus estimate of $1.65, with revenue also missing expectations at $296.34 million.

Intech Investment Management LLC grew its position in ESCO Technologies Inc. (NYSE:ESE - Free Report) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,352 shares of the scientific and technical instruments company's stock after purchasing an additional 1,528 shares during the quarter. Intech Investment Management LLC owned approximately 0.08% of ESCO Technologies worth $3,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of ESE. Opal Wealth Advisors LLC bought a new position in shares of ESCO Technologies in the first quarter worth approximately $35,000. CX Institutional purchased a new position in shares of ESCO Technologies in the first quarter worth $36,000. TD Private Client Wealth LLC purchased a new position in shares of ESCO Technologies in the first quarter worth $38,000. CWM LLC lifted its holdings in shares of 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 buying an additional 98 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of ESCO Technologies by 64.8% in the first quarter. Nisa Investment Advisors LLC now owns 478 shares of the scientific and technical instruments company's stock worth $76,000 after buying an additional 188 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors.

ESCO Technologies Price Performance

ESCO Technologies stock traded up $6.18 during mid-day trading on Thursday, reaching $218.03. 190,545 shares of the company's stock traded hands, compared to its average volume of 233,922. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 49.10 and a beta of 1.25. The stock has a 50 day moving average of $196.64 and a two-hundred day moving average of $179.09. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.38. ESCO Technologies Inc. has a 12-month low of $119.57 and a 12-month high of $220.32.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.05). The business had revenue of $296.34 million for the quarter, compared to analysts' expectations of $320.23 million. ESCO Technologies had a net margin of 10.37% and a return on equity of 11.19%. ESCO Technologies's revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous 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. Equities analysts forecast that ESCO Technologies Inc. will post 5.65 earnings per share for the current year.

ESCO Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Thursday, October 2nd will be issued a $0.08 dividend. The ex-dividend date 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 presently 7.21%.

Analysts Set New Price Targets

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

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.