Stephens Begins Coverage on ESCO Technologies (NYSE:ESE)

Stephens started coverage on shares of ESCO Technologies (NYSE:ESE) in a research report sent to investors on Monday morning, 24/7 WallStreet reports. The firm issued an equal weight rating on the scientific and technical instruments company’s stock.

ESCO Technologies stock traded down $0.76 during trading hours on Monday, reaching $81.08. 2,163 shares of the company’s stock traded hands, compared to its average volume of 101,282. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.16 and a quick ratio of 1.54. ESCO Technologies has a fifty-two week low of $59.00 and a fifty-two week high of $84.21. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 29.23 and a beta of 1.10. The business’s 50 day moving average price is $75.93.

ESCO Technologies (NYSE:ESE) last announced its quarterly earnings results on Tuesday, May 7th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.14. The business had revenue of $193.95 million for the quarter, compared to the consensus estimate of $192.60 million. ESCO Technologies had a net margin of 10.45% and a return on equity of 10.86%. ESCO Technologies’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company posted $0.48 EPS. On average, analysts forecast that ESCO Technologies will post 3.08 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be given a $0.08 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.39%. ESCO Technologies’s dividend payout ratio is 11.55%.

In related news, insider Gary E. Muenster sold 3,903 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $72.90, for a total value of $284,528.70. Following the sale, the insider now directly owns 223,642 shares in the company, valued at approximately $16,303,501.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 16,097 shares of company stock worth $1,172,865 over the last quarter. 2.50% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC raised its holdings in ESCO Technologies by 212.7% during the 1st quarter. Parallel Advisors LLC now owns 444 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 302 shares during the period. Quadrant Capital Group LLC raised its holdings in ESCO Technologies by 384.4% during the 1st quarter. Quadrant Capital Group LLC now owns 465 shares of the scientific and technical instruments company’s stock worth $29,000 after buying an additional 369 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in ESCO Technologies by 727.6% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 480 shares of the scientific and technical instruments company’s stock worth $32,000 after buying an additional 422 shares during the period. First Manhattan Co. raised its holdings in ESCO Technologies by 150.0% during the 1st quarter. First Manhattan Co. now owns 500 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 300 shares during the period. Finally, Pearl River Capital LLC acquired a new stake in ESCO Technologies during the 1st quarter worth approximately $62,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

About ESCO Technologies

ESCO Technologies Inc produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial users worldwide. The company operates in four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG), and Technical Packaging.

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