Vident Advisory LLC Buys Shares of 2,834 ESCO Technologies Inc. $ESE

Key Points

• Vident Advisory LLC has made a new investment of $451,000 in ESCO Technologies Inc., purchasing 2,834 shares during the first quarter.
• Hedge funds own 95.70% of ESCO Technologies' stock, indicating strong institutional confidence in the company.
• ESCO Technologies reported earnings of $1.60 EPS in its latest quarterly results, missing estimates, and has set FY 2025 guidance of 5.750-5.900 EPS.

Vident Advisory LLC purchased a new position in ESCO Technologies Inc. (NYSE:ESE - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,834 shares of the scientific and technical instruments company's stock, valued at approximately $451,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC raised its holdings in ESCO Technologies by 7.6% in the 1st quarter. Evergreen Capital Management LLC now owns 2,424 shares of the scientific and technical instruments company's stock worth $386,000 after acquiring an additional 171 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in ESCO Technologies in the 1st quarter worth approximately $33,784,000. OMERS ADMINISTRATION Corp purchased a new position in ESCO Technologies in the 1st quarter worth approximately $859,000. Ieq Capital LLC purchased a new stake in ESCO Technologies during the 1st quarter valued at $215,000. Finally, Comerica Bank raised its stake in ESCO Technologies by 3.6% during 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 buying an additional 3,116 shares during the last quarter. Institutional investors own 95.70% of the company's stock.

Wall Street Analyst Weigh In

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

ESCO Technologies Stock Performance

Shares of ESE stock traded down $4.07 during mid-day trading on Tuesday, reaching $201.38. 183,597 shares of the company's stock traded hands, compared to its average volume of 236,338. ESCO Technologies Inc. has a 12 month low of $113.85 and a 12 month high of $205.61. The firm has a 50 day moving average price of $194.11 and a two-hundred day moving average price of $176.86. 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 firm has a market capitalization of $5.20 billion, a PE ratio of 45.36 and a beta of 1.25.

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 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.05). The firm had revenue of $296.34 million during the quarter, compared to the consensus estimate of $320.23 million. ESCO Technologies had a return on equity of 11.19% and a net margin of 10.37%.The company's quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the company 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. On average, research analysts forecast that ESCO Technologies Inc. will post 5.65 EPS for the current year.

ESCO Technologies Announces Dividend

The firm 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. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, October 2nd. ESCO Technologies's dividend payout ratio is 7.21%.

ESCO Technologies Company 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.