Voloridge Investment Management LLC lifted its position in shares of ESCO Technologies Inc. (NYSE:ESE - Free Report) by 35.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,005 shares of the scientific and technical instruments company's stock after acquiring an additional 12,577 shares during the period. Voloridge Investment Management LLC owned approximately 0.19% of ESCO Technologies worth $6,395,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Pitcairn Co. lifted its stake in ESCO Technologies by 2.0% in the 4th quarter. Pitcairn Co. now owns 3,479 shares of the scientific and technical instruments company's stock valued at $463,000 after purchasing an additional 68 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in ESCO Technologies by 3.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,919 shares of the scientific and technical instruments company's stock valued at $389,000 after purchasing an additional 88 shares during the last quarter. Baird Financial Group Inc. lifted its stake in ESCO Technologies by 5.2% in the 4th quarter. Baird Financial Group Inc. now owns 2,206 shares of the scientific and technical instruments company's stock valued at $294,000 after purchasing an additional 110 shares during the last quarter. Valmark Advisers Inc. lifted its stake in ESCO Technologies by 1.8% in the 4th quarter. Valmark Advisers Inc. now owns 6,779 shares of the scientific and technical instruments company's stock valued at $903,000 after purchasing an additional 123 shares during the last quarter. Finally, State of Wyoming lifted its stake in ESCO Technologies by 7.8% in the 4th quarter. State of Wyoming now owns 1,861 shares of the scientific and technical instruments company's stock valued at $248,000 after purchasing an additional 134 shares during the last quarter. Institutional investors own 95.70% of the company's stock.
ESCO Technologies Trading Down 0.6%
Shares of ESE stock traded down $1.01 during trading hours on Friday, hitting $180.16. 12,185 shares of the company's stock traded hands, compared to its average volume of 132,251. ESCO Technologies Inc. has a 12 month low of $101.42 and a 12 month high of $185.83. The company has a quick ratio of 1.35, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. The stock's 50 day simple moving average is $162.60 and its 200 day simple moving average is $151.69. The stock has a market cap of $4.65 billion, a PE ratio of 42.29 and a beta of 1.19.
ESCO Technologies (NYSE:ESE - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The scientific and technical instruments company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.10. ESCO Technologies had a net margin of 10.44% and a return on equity of 9.91%. The company had revenue of $265.52 million during the quarter, compared to analysts' expectations of $264.96 million. During the same period in the prior year, the company posted $1.09 earnings per share. ESCO Technologies's revenue for the quarter was up 6.6% compared to the same quarter last year. On average, sell-side analysts anticipate that ESCO Technologies Inc. will post 5.65 EPS for the current year.
ESCO Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Wednesday, July 2nd. ESCO Technologies's dividend payout ratio is currently 7.02%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Wall Street Zen downgraded shares of ESCO Technologies from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Stephens reaffirmed an "overweight" rating and set a $175.00 price target on shares of ESCO Technologies in a research note on Thursday, February 27th. Finally, Benchmark raised their price target on shares of ESCO Technologies from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, May 9th.
Check Out Our Latest Analysis on ESE
ESCO Technologies Company Profile
(
Free Report)
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.
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