Royal Bank of Canada Has $39.02 Million Position in ESCO Technologies Inc. $ESE

Key Points

• The Royal Bank of Canada increased its stake in ESCO Technologies Inc. by 1.8% in the first quarter, now owning 245,228 shares worth approximately $39 million.
• ESCO Technologies reported earnings of $1.60 per share for the last quarter, missing expectations, and has set FY 2025 guidance for earnings between 5.750-5.900 EPS.
• The company declared a quarterly dividend of $0.08 per share, set to be paid on October 16, representing a 0.2% yield.

Royal Bank of Canada increased its holdings in shares of ESCO Technologies Inc. (NYSE:ESE - Free Report) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,228 shares of the scientific and technical instruments company's stock after acquiring an additional 4,276 shares during the period. Royal Bank of Canada owned about 0.95% of ESCO Technologies worth $39,020,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Avantax Advisory Services Inc. raised its position in shares of ESCO Technologies by 1.0% during the first quarter. Avantax Advisory Services Inc. now owns 8,221 shares of the scientific and technical instruments company's stock worth $1,308,000 after acquiring an additional 84 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of ESCO Technologies by 4.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,047 shares of the scientific and technical instruments company's stock worth $326,000 after buying an additional 93 shares during the period. CWM LLC increased its stake in shares of ESCO Technologies by 32.2% in the 1st quarter. CWM LLC now owns 402 shares of the scientific and technical instruments company's stock valued at $64,000 after acquiring an additional 98 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of ESCO Technologies by 0.9% in the 1st quarter. New York State Teachers Retirement System now owns 11,617 shares of the scientific and technical instruments company's stock valued at $1,848,000 after acquiring an additional 100 shares during the period. Finally, GAMMA Investing LLC raised its holdings in 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 worth $107,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 95.70% of the company's stock.

Analyst Upgrades and Downgrades

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

ESCO Technologies Stock Performance

NYSE ESE traded down $4.07 during trading on Tuesday, reaching $201.38. 183,597 shares of the company's stock were exchanged, compared to its average volume of 236,338. The business has a 50 day moving average price of $194.11 and a 200-day moving average price of $176.86. ESCO Technologies Inc. has a fifty-two week low of $113.85 and a fifty-two 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. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 1.04.

ESCO Technologies (NYSE:ESE - Get Free Report) last announced its earnings results on Thursday, August 7th. The scientific and technical instruments company reported $1.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.05). The business had revenue of $296.34 million during the quarter, compared to the consensus estimate of $320.23 million. ESCO Technologies had a net margin of 10.37% and a return on equity of 11.19%. The company's revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.16 EPS. ESCO Technologies has set its FY 2025 guidance at 5.750-5.900 EPS. Q4 2025 guidance at 2.040-2.190 EPS. 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 company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Thursday, October 2nd will be paid 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 (DPR) is presently 7.21%.

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.