Pinnacle Wealth Management LLC Acquires New Position in ESCO Technologies Inc. $ESE

Key Points

• Pinnacle Wealth Management LLC acquired 5,374 shares of ESCO Technologies Inc. valued at approximately $855,000, making it their 16th largest holding.
• ESCO Technologies reported Q2 earnings of $1.60 per share, missing estimates by $0.05, with revenue of $296.34 million, below the expected $320.23 million.
• The company declared a quarterly dividend of $0.08, to be paid on October 16th, which represents a 0.2% dividend yield annually.

Pinnacle Wealth Management LLC acquired a new stake in ESCO Technologies Inc. (NYSE:ESE - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,374 shares of the scientific and technical instruments company's stock, valued at approximately $855,000. ESCO Technologies comprises about 1.0% of Pinnacle Wealth Management LLC's investment portfolio, making the stock its 16th biggest position.

A number of other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its holdings in ESCO Technologies by 3.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 315,479 shares of the scientific and technical instruments company's stock worth $50,199,000 after buying an additional 9,402 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of ESCO Technologies by 4.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,047 shares of the scientific and technical instruments company's stock worth $326,000 after purchasing an additional 93 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of ESCO Technologies by 0.9% in the first quarter. New York State Teachers Retirement System now owns 11,617 shares of the scientific and technical instruments company's stock worth $1,848,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of ESCO Technologies by 18.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the scientific and technical instruments company's stock valued at $107,000 after acquiring an additional 103 shares during the period. Finally, CX Institutional bought a new stake in ESCO Technologies during the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 95.70% of the company's stock.

Analyst Upgrades and Downgrades

ESE has been the subject of several research analyst reports. Benchmark lifted their target price on shares of ESCO Technologies from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Wall Street Zen lowered 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, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $187.50.

ESCO Technologies Trading Up 2.5%

NYSE:ESE traded up $4.7850 during midday trading on Friday, reaching $195.3350. 243,272 shares of the stock traded hands, compared to its average volume of 197,842. The company has a fifty day moving average of $190.93 and a 200 day moving average of $173.29. ESCO Technologies Inc. has a 12 month low of $113.30 and a 12 month high of $201.72. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 1.52. The stock has a market capitalization of $5.05 billion, a P/E ratio of 43.99 and a beta of 1.23.

ESCO Technologies (NYSE:ESE - Get Free Report) last posted its quarterly 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 net margin of 10.37% and a return on equity of 11.19%. The firm had revenue of $296.34 million for the quarter, compared to the consensus estimate of $320.23 million. During the same quarter in the prior year, the company earned $1.16 earnings per share. The company's quarterly revenue was up 13.6% compared to the same quarter last year. ESCO Technologies has set its FY 2025 guidance at 5.750-5.900 EPS. Q4 2025 guidance at 2.040-2.190 EPS. On average, research analysts predict that ESCO Technologies Inc. will post 5.65 EPS for the current year.

ESCO Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders 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 annualized dividend and a yield of 0.2%. ESCO Technologies's dividend payout ratio is 7.21%.

About ESCO Technologies

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.