Paradigm Asset Management Co. LLC lowered its position in ESCO Technologies Inc. (NYSE:ESE) by 51.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,100 shares of the scientific and technical instruments company’s stock after selling 2,200 shares during the period. Paradigm Asset Management Co. LLC’s holdings in ESCO Technologies were worth $125,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in ESCO Technologies by 46,624.3% in the first quarter. BlackRock Inc. now owns 3,078,663 shares of the scientific and technical instruments company’s stock worth $178,871,000 after buying an additional 3,072,074 shares during the period. Vanguard Group Inc. increased its position in ESCO Technologies by 5.9% in the first quarter. Vanguard Group Inc. now owns 2,238,580 shares of the scientific and technical instruments company’s stock worth $130,062,000 after buying an additional 124,629 shares during the period. Wellington Management Group LLP increased its position in ESCO Technologies by 1.2% in the first quarter. Wellington Management Group LLP now owns 1,824,230 shares of the scientific and technical instruments company’s stock worth $105,988,000 after buying an additional 21,220 shares during the period. Dimensional Fund Advisors LP increased its position in ESCO Technologies by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,812,736 shares of the scientific and technical instruments company’s stock worth $105,320,000 after buying an additional 7,182 shares during the period. Finally, State Street Corp boosted its stake in shares of ESCO Technologies by 5.2% in the first quarter. State Street Corp now owns 628,238 shares of the scientific and technical instruments company’s stock worth $36,498,000 after buying an additional 31,111 shares in the last quarter. Hedge funds and other institutional investors own 94.10% of the company’s stock.

Shares of ESCO Technologies Inc. (NYSE ESE) opened at 54.00 on Wednesday. The stock has a 50 day moving average price of $58.50 and a 200-day moving average price of $57.62. ESCO Technologies Inc. has a 12 month low of $42.95 and a 12 month high of $63.80. The company has a market capitalization of $1.39 billion, a PE ratio of 27.27 and a beta of 1.01.

ESCO Technologies (NYSE:ESE) last posted its earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. The firm had revenue of $172 million for the quarter, compared to the consensus estimate of $172 million. ESCO Technologies had a net margin of 8.06% and a return on equity of 8.36%. The company’s revenue was up 22.7% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS. Analysts forecast that ESCO Technologies Inc. will post $2.08 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Tuesday, October 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Monday, October 2nd. ESCO Technologies’s dividend payout ratio is currently 16.16%.

TRADEMARK VIOLATION WARNING: “ESCO Technologies Inc. (ESE) Shares Sold by Paradigm Asset Management Co. LLC” was first reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.watchlistnews.com/esco-technologies-inc-ese-shares-sold-by-paradigm-asset-management-co-llc/1531572.html.

A number of analysts have recently commented on ESE shares. BidaskClub cut ESCO Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Wunderlich started coverage on ESCO Technologies in a research report on Tuesday, June 13th. They issued a “buy” rating and a $71.00 price target on the stock. Finally, FBR & Co reissued an “outperform” rating on shares of ESCO Technologies in a research report on Tuesday, July 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $66.50.

About ESCO Technologies

ESCO Technologies Inc (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging.

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

Receive News & Ratings for ESCO Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ESCO Technologies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.