Martingale Asset Management L P lowered its stake in ESCO Technologies Inc. (NYSE:ESE) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,107 shares of the scientific and technical instruments company’s stock after selling 100 shares during the period. Martingale Asset Management L P owned about 0.09% of ESCO Technologies worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. LS Investment Advisors LLC raised its position in ESCO Technologies by 96.9% in the 1st quarter. LS Investment Advisors LLC now owns 1,900 shares of the scientific and technical instruments company’s stock valued at $110,000 after purchasing an additional 935 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in ESCO Technologies by 3,191.4% in the 1st 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 in the last quarter. PNC Financial Services Group Inc. raised its position in ESCO Technologies by 7.7% in the 1st 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 in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in ESCO Technologies in the 1st quarter valued at about $128,000. Finally, Amalgamated Bank acquired a new stake in ESCO Technologies in the 1st quarter valued at about $200,000. 94.10% of the stock is currently owned by institutional investors.

A number of research firms have issued reports on ESE. BidaskClub raised ESCO Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Wunderlich began 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $66.50.

Shares of ESCO Technologies Inc. (ESE) opened at 57.85 on Friday. The stock’s 50 day moving average price is $55.59 and its 200 day moving average price is $57.68. ESCO Technologies Inc. has a 12 month low of $42.95 and a 12 month high of $63.80. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 29.22 and a beta of 1.04.

ESCO Technologies (NYSE:ESE) last issued its earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 earnings per share 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 $172.00 million during the quarter, compared to the consensus estimate of $172.00 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. The company’s revenue was up 22.7% compared to the same quarter last year. Equities research analysts predict that ESCO Technologies Inc. will post $2.08 earnings per share for the current fiscal 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 $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, October 2nd. ESCO Technologies’s dividend payout ratio (DPR) is 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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Institutional Ownership by Quarter for ESCO Technologies (NYSE:ESE)

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