LS Investment Advisors LLC Holds Stake in ESCO Technologies Inc. (NYSE:ESE)
LS Investment Advisors LLC maintained its position in shares of ESCO Technologies Inc. (NYSE:ESE) during the second quarter, Holdings Channel reports. The institutional investor owned 1,900 shares of the scientific and technical instruments company’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in ESCO Technologies were worth $113,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Nationwide Fund Advisors raised its position in shares of ESCO Technologies by 2.1% in the first quarter. Nationwide Fund Advisors now owns 28,906 shares of the scientific and technical instruments company’s stock worth $1,679,000 after buying an additional 581 shares during the period. Norges Bank acquired a new position in shares of ESCO Technologies during the fourth quarter worth approximately $15,530,000. Conestoga Capital Advisors LLC acquired a new position in shares of ESCO Technologies during the first quarter worth approximately $8,651,000. Guggenheim Capital LLC acquired a new position in shares of ESCO Technologies during the fourth quarter worth approximately $1,242,000. Finally, Wells Fargo & Company MN raised its position in shares of ESCO Technologies by 11.7% in the first quarter. Wells Fargo & Company MN now owns 296,457 shares of the scientific and technical instruments company’s stock worth $17,224,000 after buying an additional 31,021 shares during the period. Institutional investors own 97.58% of the company’s stock.
Shares of ESCO Technologies Inc. (NYSE:ESE) traded down 3.66% on Friday, hitting $51.40. The company had a trading volume of 184,126 shares. 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 $1.33 billion, a P/E ratio of 25.96 and a beta of 1.01. The firm has a 50-day moving average price of $60.15 and a 200 day moving average price of $57.88.
ESCO Technologies (NYSE:ESE) last issued its earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.01. ESCO Technologies had a return on equity of 8.36% and a net margin of 8.06%. The company had revenue of $172 million during the quarter, compared to the consensus estimate of $172 million. During the same period in the previous year, the company posted $0.49 EPS. The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. Equities analysts expect that ESCO Technologies Inc. will post $2.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Tuesday, October 3rd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.32 annualized dividend and a dividend yield of 0.62%. ESCO Technologies’s dividend payout ratio is currently 16.16%.
COPYRIGHT VIOLATION WARNING: This article was first posted by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/ls-investment-advisors-llc-holds-stake-in-esco-technologies-inc-nyseese/1479767.html.
A number of research analysts have recently commented on ESE shares. FBR & Co reiterated an “outperform” rating on shares of ESCO Technologies in a report on Tuesday, July 11th. BidaskClub lowered ESCO Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Wunderlich started coverage on ESCO Technologies in a report on Tuesday, June 13th. They set a “buy” rating and a $71.00 price target for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $66.50.
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.
Want to see what other hedge funds are holding ESE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ESCO Technologies Inc. (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.