ESCO Technologies Inc. (NYSE:ESE) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its stake in ESCO Technologies Inc. (NYSE:ESE) by 0.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,514 shares of the scientific and technical instruments company’s stock after selling 180 shares during the quarter. US Bancorp DE owned approximately 0.11% of ESCO Technologies worth $2,439,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Conestoga Capital Advisors LLC grew its holdings in shares of ESCO Technologies by 2.9% during the second quarter. Conestoga Capital Advisors LLC now owns 1,178,487 shares of the scientific and technical instruments company’s stock valued at $97,367,000 after buying an additional 33,098 shares in the last quarter. Brown Advisory Inc. grew its holdings in shares of ESCO Technologies by 0.9% during the second quarter. Brown Advisory Inc. now owns 556,807 shares of the scientific and technical instruments company’s stock valued at $46,003,000 after buying an additional 4,746 shares in the last quarter. Northern Trust Corp grew its holdings in shares of ESCO Technologies by 1.9% during the second quarter. Northern Trust Corp now owns 495,583 shares of the scientific and technical instruments company’s stock valued at $40,944,000 after buying an additional 9,138 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of ESCO Technologies by 16.0% during the first quarter. William Blair Investment Management LLC now owns 417,689 shares of the scientific and technical instruments company’s stock valued at $27,998,000 after buying an additional 57,742 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of ESCO Technologies by 176,918.9% during the first quarter. FMR LLC now owns 364,659 shares of the scientific and technical instruments company’s stock valued at $24,443,000 after buying an additional 364,453 shares in the last quarter. Institutional investors and hedge funds own 94.58% of the company’s stock.

Shares of ESE stock traded down $1.57 on Friday, reaching $78.40. 204,946 shares of the company’s stock traded hands, compared to its average volume of 105,718. ESCO Technologies Inc. has a 12-month low of $59.00 and a 12-month high of $85.86. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.62 and a current ratio of 2.25. The company has a market capitalization of $2.04 billion, a P/E ratio of 28.30 and a beta of 1.11. The business’s 50 day moving average price is $77.38 and its two-hundred day moving average price is $75.12.

ESCO Technologies (NYSE:ESE) last issued its quarterly earnings results on Thursday, August 8th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. ESCO Technologies had a return on equity of 10.84% and a net margin of 10.48%. The business had revenue of $199.80 million for the quarter, compared to the consensus estimate of $210.60 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. ESCO Technologies’s revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts predict that ESCO Technologies Inc. will post 3.1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, October 3rd will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.41%. ESCO Technologies’s dividend payout ratio (DPR) is currently 11.55%.

A number of research analysts have recently weighed in on ESE shares. ValuEngine upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Stephens started coverage on ESCO Technologies in a report on Monday, July 8th. They set an “equal weight” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. ESCO Technologies presently has an average rating of “Buy” and an average target price of $74.00.

ESCO Technologies Company Profile

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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Institutional Ownership by Quarter for ESCO Technologies (NYSE:ESE)

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