Wellington Management Group LLP Has $50.88 Million Holdings in ESCO Technologies Inc. $ESE

Key Points

• Wellington Management Group LLP has reduced its holdings in ESCO Technologies Inc. by 15.9%, selling 60,320 shares to own a total of 319,784 shares, valued at approximately $50.88 million.
• ESCO Technologies' stock is currently priced at $195.33, with a twelve-month high of $201.72, after recently reporting earnings per share of $1.60, falling short of analyst estimates.
• The company recently announced a quarterly dividend of $0.08 per share to be paid on October 16th, representing an annualized yield of 0.2%.

Wellington Management Group LLP lowered its position in ESCO Technologies Inc. (NYSE:ESE - Free Report) by 15.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 319,784 shares of the scientific and technical instruments company's stock after selling 60,320 shares during the period. Wellington Management Group LLP owned about 1.24% of ESCO Technologies worth $50,884,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ESE. Algert Global LLC bought a new position in ESCO Technologies during the 1st quarter worth about $936,000. Ethic Inc. increased its holdings in ESCO Technologies by 58.9% during the 1st quarter. Ethic Inc. now owns 7,312 shares of the scientific and technical instruments company's stock worth $1,160,000 after purchasing an additional 2,710 shares in the last quarter. Fox Run Management L.L.C. bought a new position in ESCO Technologies during the 1st quarter worth about $508,000. Informed Momentum Co LLC bought a new position in ESCO Technologies during the 1st quarter worth about $4,407,000. Finally, HighTower Advisors LLC increased its holdings in ESCO Technologies by 10.0% during the 1st quarter. HighTower Advisors LLC now owns 8,596 shares of the scientific and technical instruments company's stock worth $1,368,000 after purchasing an additional 783 shares in the last quarter. Institutional investors own 95.70% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on ESE. Benchmark increased their price objective on shares of ESCO Technologies from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Wall Street Zen downgraded shares of ESCO Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $187.50.

ESCO Technologies Price Performance

NYSE:ESE traded down $2.44 during mid-day trading on Friday, reaching $201.27. The stock had a trading volume of 427,618 shares, compared to its average volume of 235,843. The stock has a 50-day simple moving average of $192.52 and a two-hundred day simple moving average of $174.93. The stock has a market capitalization of $5.20 billion, a PE ratio of 45.33 and a beta of 1.23. 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 Inc. has a 12 month low of $113.30 and a 12 month high of $205.31.

ESCO Technologies (NYSE:ESE - Get Free Report) last announced its quarterly earnings data 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 firm 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 business's revenue was up 13.6% compared to the same quarter last year. During the same period last year, the business earned $1.16 earnings per share. 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, equities analysts anticipate that ESCO Technologies Inc. will post 5.65 earnings per share for the current year.

ESCO Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders 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 payout ratio is presently 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.