Public Employees Retirement Association of Colorado continued to hold its stake in ESCO Technologies Inc. (NYSE:ESE) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,221 shares of the scientific and technical instruments company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in ESCO Technologies were worth $311,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ESE. Crawford Investment Counsel Inc. increased its stake in ESCO Technologies by 166.0% in the first quarter. Crawford Investment Counsel Inc. now owns 137,889 shares of the scientific and technical instruments company’s stock worth $8,011,000 after buying an additional 86,060 shares during the period. LS Investment Advisors LLC increased its stake in 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 buying an additional 935 shares during the period. Comerica Bank increased its stake in ESCO Technologies by 4.1% in the first quarter. Comerica Bank now owns 28,494 shares of the scientific and technical instruments company’s stock worth $1,718,000 after buying an additional 1,110 shares during the period. Bank of New York Mellon Corp increased its stake in ESCO Technologies by 30.6% in the first quarter. Bank of New York Mellon Corp now owns 441,419 shares of the scientific and technical instruments company’s stock worth $25,647,000 after buying an additional 103,472 shares during the period. Finally, US Bancorp DE increased its stake in ESCO Technologies by 4.8% in the first quarter. US Bancorp DE now owns 32,087 shares of the scientific and technical instruments company’s stock worth $1,865,000 after buying an additional 1,483 shares during the period. Institutional investors own 94.10% of the company’s stock.

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

ESCO Technologies (NYSE:ESE) last released 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 business had revenue of $172 million for the quarter, compared to the consensus estimate of $172 million. During the same period in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, equities research analysts predict that ESCO Technologies Inc. will post $2.08 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Tuesday, October 3rd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.59%. 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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A number of research firms have recently issued reports on ESE. BidaskClub upgraded shares of ESCO Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. FBR & Co reiterated an “outperform” rating on shares of ESCO Technologies in a report on Tuesday, July 11th. Finally, Wunderlich began coverage on shares of ESCO Technologies in a report on Tuesday, June 13th. They issued a “buy” rating and a $71.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average 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.

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

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