Russell Investments Group Ltd. boosted its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 0.5% in the second quarter, Holdings Channel reports. The institutional investor owned 41,161 shares of the scientific and technical instruments company’s stock after acquiring an additional 215 shares during the period. Russell Investments Group Ltd.’s holdings in ESCO Technologies were worth $3,400,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers lifted its holdings in ESCO Technologies by 1.3% during the first quarter. Rhumbline Advisers now owns 78,727 shares of the scientific and technical instruments company’s stock worth $5,277,000 after buying an additional 1,048 shares during the period. Conestoga Capital Advisors LLC increased its position in shares of ESCO Technologies by 2.9% during the second quarter. Conestoga Capital Advisors LLC now owns 1,178,487 shares of the scientific and technical instruments company’s stock worth $97,367,000 after purchasing an additional 33,098 shares in the last quarter. California Public Employees Retirement System increased its position in shares of ESCO Technologies by 5.4% during the first quarter. California Public Employees Retirement System now owns 28,045 shares of the scientific and technical instruments company’s stock worth $1,880,000 after purchasing an additional 1,426 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of ESCO Technologies by 2.3% during the first quarter. Great West Life Assurance Co. Can now owns 35,038 shares of the scientific and technical instruments company’s stock worth $2,346,000 after purchasing an additional 793 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its position in shares of ESCO Technologies by 4.3% during the first quarter. Kennedy Capital Management Inc. now owns 98,989 shares of the scientific and technical instruments company’s stock worth $6,635,000 after purchasing an additional 4,050 shares in the last quarter. Institutional investors own 94.58% of the company’s stock.

Shares of NYSE ESE traded up $0.11 during midday trading on Monday, reaching $81.37. 1,263 shares of the stock were exchanged, compared to its average volume of 109,448. The company has a 50 day simple moving average of $77.88 and a 200 day simple moving average of $74.73. The stock has a market capitalization of $2.09 billion, a P/E ratio of 29.27 and a beta of 1.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.62 and a current ratio of 2.25. ESCO Technologies Inc. has a twelve month low of $59.00 and a twelve month high of $85.86.

ESCO Technologies (NYSE:ESE) last posted its earnings results on Thursday, August 8th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.03. ESCO Technologies had a net margin of 10.48% and a return on equity of 10.84%. The firm had revenue of $199.80 million during the quarter, compared to the consensus estimate of $210.60 million. During the same quarter last year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, research analysts expect that ESCO Technologies Inc. will post 3.1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $0.32 annualized dividend and a dividend yield of 0.39%. ESCO Technologies’s dividend payout ratio (DPR) is currently 11.55%.

Several equities research analysts have weighed in on the company. Stephens assumed coverage on ESCO Technologies in a research report on Monday, July 8th. They set an “equal weight” rating on the stock. ValuEngine raised shares of ESCO Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $74.00.

ESCO Technologies Profile

ESCO Technologies Inc produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial users worldwide. The company operates in 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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