ESCO Technologies Inc. (NYSE:ESE) is Tributary Capital Management LLC's 5th Largest Position

Tributary Capital Management LLC cut its holdings in shares of ESCO Technologies Inc. (NYSE:ESE - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 174,211 shares of the scientific and technical instruments company's stock after selling 6,314 shares during the quarter. ESCO Technologies makes up approximately 2.4% of Tributary Capital Management LLC's portfolio, making the stock its 5th largest holding. Tributary Capital Management LLC owned 0.68% of ESCO Technologies worth $27,720,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. 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 stake in ESCO Technologies in the first quarter worth $36,000. Jones Financial Companies Lllp lifted its stake in ESCO Technologies by 747.1% in the fourth quarter. Jones Financial Companies Lllp now owns 288 shares of the scientific and technical instruments company's stock worth $38,000 after acquiring an additional 254 shares during the period. TD Private Client Wealth LLC purchased a new stake in ESCO Technologies in the first quarter worth $38,000. Finally, Huntington National Bank raised its holdings in ESCO Technologies by 150.0% in the fourth 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 in the last quarter. 95.70% of the stock is owned by hedge funds and other institutional investors.

ESCO Technologies Stock Performance

Shares of ESE stock traded up $3.00 during mid-day trading on Thursday, reaching $197.80. The stock had a trading volume of 159,178 shares, compared to its average volume of 138,072. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 43.38 and a beta of 1.21. ESCO Technologies Inc. has a 1-year low of $108.70 and a 1-year high of $198.43. The business's fifty day moving average is $185.70 and its 200-day moving average is $162.67. The company has a current ratio of 2.05, a quick ratio of 1.33 and a debt-to-equity ratio of 0.05.

ESCO Technologies (NYSE:ESE - Get Free Report) last released its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.10. ESCO Technologies had a return on equity of 10.56% and a net margin of 11.01%. The business had revenue of $265.52 million for the quarter, compared to the consensus estimate of $264.96 million. During the same quarter last year, the business posted $1.09 earnings per share. The business's quarterly revenue was up 6.6% compared to the same quarter last year. On average, research analysts forecast that ESCO Technologies Inc. will post 5.65 earnings per share for the current year.

ESCO Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $0.32 annualized dividend and a yield of 0.16%. ESCO Technologies's dividend payout ratio (DPR) is 7.02%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded ESCO Technologies from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Benchmark lifted their price objective on ESCO Technologies from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, May 9th.

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.