TD Asset Management Inc Sells 2,674 Shares of ESCO Technologies Inc. (NYSE:ESE)

TD Asset Management Inc decreased its position in shares of ESCO Technologies Inc. (NYSE:ESE - Free Report) by 17.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,256 shares of the scientific and technical instruments company's stock after selling 2,674 shares during the quarter. TD Asset Management Inc's holdings in ESCO Technologies were worth $1,950,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ESE. Opal Wealth Advisors LLC acquired a new position in ESCO Technologies during the 1st quarter worth $35,000. CX Institutional purchased a new position in shares of ESCO Technologies during the first quarter worth approximately $36,000. TD Private Client Wealth LLC purchased a new stake in ESCO Technologies in the 1st quarter valued at $38,000. Huntington National Bank increased its holdings in shares of ESCO Technologies by 150.0% in the fourth quarter. Huntington National Bank now owns 305 shares of the scientific and technical instruments company's stock valued at $41,000 after purchasing an additional 183 shares during the period. Finally, Sterling Capital Management LLC increased its stake in ESCO Technologies by 627.1% in the 4th quarter. Sterling Capital Management LLC now owns 429 shares of the scientific and technical instruments company's stock valued at $57,000 after buying an additional 370 shares during the period. 95.70% of the stock is owned by hedge funds and other institutional investors.

ESCO Technologies Stock Performance

Shares of ESCO Technologies stock traded down $1.93 on Thursday, reaching $190.07. 47,183 shares of the company were exchanged, compared to its average volume of 160,943. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 41.68 and a beta of 1.23. The company's 50-day moving average is $188.93 and its two-hundred day moving average is $168.45. ESCO Technologies Inc. has a 1-year low of $111.06 and a 1-year high of $198.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.33 and a current ratio of 2.05.

ESCO Technologies (NYSE:ESE - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.10. ESCO Technologies had a net margin of 11.01% and a return on equity of 10.56%. The business had revenue of $265.52 million for the quarter, compared to analyst estimates of $264.96 million. The firm's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. As a group, research analysts expect that ESCO Technologies Inc. will post 5.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Benchmark increased their price target on shares of ESCO Technologies from $190.00 to $200.00 and gave the company a "buy" rating in a report on Friday, May 9th.

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.