Ieq Capital LLC Buys Shares of 1,353 ESCO Technologies Inc. $ESE

Ieq Capital LLC purchased a new stake in ESCO Technologies Inc. (NYSE:ESE - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,353 shares of the scientific and technical instruments company's stock, valued at approximately $215,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Comerica Bank increased its holdings in ESCO Technologies by 3.6% in the 1st quarter. Comerica Bank now owns 90,467 shares of the scientific and technical instruments company's stock valued at $14,395,000 after purchasing an additional 3,116 shares in the last quarter. Walleye Capital LLC acquired a new stake in ESCO Technologies in the 1st quarter valued at $281,000. Advantage Alpha Capital Partners LP increased its holdings in ESCO Technologies by 82.1% in the 1st quarter. Advantage Alpha Capital Partners LP now owns 41,402 shares of the scientific and technical instruments company's stock valued at $6,588,000 after purchasing an additional 18,666 shares in the last quarter. Martingale Asset Management L P boosted its position in ESCO Technologies by 91.5% in the 1st quarter. Martingale Asset Management L P now owns 6,711 shares of the scientific and technical instruments company's stock valued at $1,068,000 after buying an additional 3,206 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in ESCO Technologies by 3.2% in the 1st quarter. Hsbc Holdings PLC now owns 3,844 shares of the scientific and technical instruments company's stock valued at $601,000 after buying an additional 118 shares during the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.

ESCO Technologies Stock Performance

NYSE:ESE traded down $4.07 during trading hours on Tuesday, reaching $201.38. 183,597 shares of the stock were exchanged, compared to its average volume of 236,338. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.38. The firm has a 50 day simple moving average of $194.11 and a 200-day simple moving average of $176.86. ESCO Technologies Inc. has a 52 week low of $113.85 and a 52 week high of $205.61. The stock has a market capitalization of $5.20 billion, a P/E ratio of 45.36 and a beta of 1.25.

ESCO Technologies (NYSE:ESE - Get Free Report) last released its earnings results 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 return on equity of 11.19% and a net margin of 10.37%.The firm had revenue of $296.34 million for the quarter, compared to the consensus estimate of $320.23 million. During the same period in the prior year, the business earned $1.16 EPS. The company's quarterly revenue was up 13.6% on a year-over-year basis. 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 forecast that ESCO Technologies Inc. will post 5.65 earnings per share 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. Investors of record on Thursday, October 2nd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, October 2nd. ESCO Technologies's dividend payout ratio is currently 7.21%.

Analyst Upgrades and Downgrades

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

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.