Sheets Smith Wealth Management Acquires New Stake in ESCO Technologies Inc. $ESE

Key Points

• Sheets Smith Wealth Management has acquired a new stake in ESCO Technologies Inc., purchasing 2,786 shares valued at approximately $535,000 during the second quarter.
• ESCO Technologies' recent earnings report showed EPS of $1.60, which missed analysts' expectations, and revenue of $296.34 million, falling short of the forecast of $320.23 million.
• A quarterly dividend of $0.08 has been declared, with a payout date of October 16th, representing an annual yield of 0.2%.

Sheets Smith Wealth Management purchased a new stake in ESCO Technologies Inc. (NYSE:ESE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,786 shares of the scientific and technical instruments company's stock, valued at approximately $535,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Counterpoint Mutual Funds LLC bought a new position in shares of ESCO Technologies in the second quarter worth approximately $409,000. Wealth Enhancement Advisory Services LLC purchased a new position in ESCO Technologies in the 2nd quarter worth approximately $208,000. Harbor Investment Advisory LLC purchased a new position in ESCO Technologies in the 2nd quarter worth approximately $38,000. Apeiron RIA LLC bought a new stake in shares of ESCO Technologies during the 1st quarter worth $217,000. Finally, Strs Ohio bought a new stake in shares of ESCO Technologies during the 1st quarter worth $1,225,000. Hedge funds and other institutional investors own 95.70% of the company's stock.

ESCO Technologies Trading Down 1.9%

Shares of ESE opened at $211.83 on Thursday. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 47.71 and a beta of 1.25. The firm has a 50 day moving average price of $198.28 and a 200-day moving average price of $180.51. ESCO Technologies Inc. has a fifty-two week low of $119.57 and a fifty-two week high of $220.32. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 1.52.

ESCO Technologies (NYSE:ESE - Get Free Report) last issued 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 business had revenue of $296.34 million during the quarter, compared to analysts' expectations of $320.23 million. During the same quarter in the previous year, the business earned $1.16 EPS. ESCO Technologies's revenue for the quarter 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. As a group, equities research analysts forecast that ESCO Technologies Inc. will post 5.65 earnings per share 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 given 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 payout ratio is presently 7.21%.

Analyst Ratings Changes

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

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