ESCO Technologies Inc. (ESE) Stake Lifted by Bamco Inc. NY
Bamco Inc. NY lifted its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 48.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,500 shares of the scientific and technical instruments company’s stock after acquiring an additional 8,000 shares during the period. Bamco Inc. NY owned 0.09% of ESCO Technologies worth $1,461,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. LS Investment Advisors LLC boosted its position in shares of ESCO Technologies by 96.9% in the first quarter. LS Investment Advisors LLC now owns 1,900 shares of the scientific and technical instruments company’s stock worth $110,000 after acquiring an additional 935 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in ESCO Technologies by 3,191.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,909 shares of the scientific and technical instruments company’s stock valued at $111,000 after purchasing an additional 1,851 shares during the period. PNC Financial Services Group Inc. grew its holdings in ESCO Technologies by 7.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,116 shares of the scientific and technical instruments company’s stock valued at $123,000 after purchasing an additional 152 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in ESCO Technologies in the first quarter valued at approximately $128,000. Finally, Amalgamated Bank purchased a new stake in ESCO Technologies in the first quarter valued at approximately $200,000. Institutional investors and hedge funds own 94.10% of the company’s stock.
Several brokerages recently commented on ESE. Wunderlich started coverage on shares of ESCO Technologies in a research report on Tuesday, June 13th. They set a “buy” rating and a $71.00 price target for the company. FBR & Co reiterated an “outperform” rating on shares of ESCO Technologies in a report on Tuesday, July 11th. Finally, BidaskClub lowered shares of ESCO Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $66.50.
Shares of ESCO Technologies Inc. (ESE) opened at 61.10 on Tuesday. ESCO Technologies Inc. has a 52-week low of $42.95 and a 52-week high of $63.80. The firm’s 50-day moving average price is $55.77 and its 200-day moving average price is $57.97. The stock has a market cap of $1.58 billion, a P/E ratio of 30.86 and a beta of 1.03.
ESCO Technologies (NYSE:ESE) last released its earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $172.00 million during the quarter, compared to the consensus estimate of $172.00 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. On average, equities research analysts forecast that ESCO Technologies Inc. will post $2.08 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Tuesday, October 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Monday, October 2nd. ESCO Technologies’s dividend payout ratio is currently 16.16%.
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ESCO Technologies Company Profile
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.
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