XTX Topco Ltd Cuts Stake in ESCO Technologies Inc. (NYSE:ESE)

Key Points

• XTX Topco Ltd reduced its holdings in ESCO Technologies Inc. by 50.2%, selling 4,342 shares during the first quarter.
• ESCO Technologies reported $1.35 EPS for the quarter, exceeding expectations, with a 6.6% year-over-year revenue increase.
• Benchmark upgraded ESCO Technologies' price target from $190.00 to $200.00 and assigned a "buy" rating.

XTX Topco Ltd decreased its position in ESCO Technologies Inc. (NYSE:ESE - Free Report) by 50.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,306 shares of the scientific and technical instruments company's stock after selling 4,342 shares during the period. XTX Topco Ltd's holdings in ESCO Technologies were worth $685,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in ESCO Technologies during the 1st quarter worth $35,000. CX Institutional bought a new stake in ESCO Technologies during the 1st quarter worth approximately $36,000. TD Private Client Wealth LLC acquired a new position in shares of ESCO Technologies in the 1st quarter worth approximately $38,000. Huntington National Bank lifted its position in shares of ESCO Technologies by 150.0% in the 4th quarter. Huntington National Bank now owns 305 shares of the scientific and technical instruments company's stock worth $41,000 after purchasing an additional 183 shares during the period. Finally, Sterling Capital Management LLC lifted its position in shares of ESCO Technologies by 627.1% in the 4th quarter. Sterling Capital Management LLC now owns 429 shares of the scientific and technical instruments company's stock worth $57,000 after purchasing an additional 370 shares during the period. Institutional investors own 95.70% of the company's stock.

ESCO Technologies Stock Performance

NYSE ESE traded down $0.64 during trading hours on Friday, reaching $189.23. 257,444 shares of the company were exchanged, compared to its average volume of 162,146. ESCO Technologies Inc. has a 1 year low of $113.30 and a 1 year high of $198.34. The business's 50 day simple moving average is $189.11 and its 200-day simple moving average is $168.84. The company has a quick ratio of 1.33, a current ratio of 2.05 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $4.89 billion, a P/E ratio of 41.48 and a beta of 1.23.

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 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.05). ESCO Technologies had a net margin of 11.01% and a return on equity of 10.56%. The firm had revenue of $296.34 million during the quarter, compared to the consensus estimate of $320.23 million. During the same quarter last year, the business posted $1.16 earnings per share. ESCO Technologies's revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts expect that ESCO Technologies Inc. will post 5.65 earnings per share for the current year.

Analyst Ratings Changes

Separately, Benchmark boosted their price target on shares of ESCO Technologies from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, May 9th.

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.