State Board of Administration of Florida Retirement System Decreases Position in ESCO Technologies Inc. (NYSE:ESE)

State Board of Administration of Florida Retirement System decreased its holdings in shares of ESCO Technologies Inc. (NYSE:ESE) by 4.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 12,182 shares of the scientific and technical instruments company’s stock after selling 570 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in ESCO Technologies were worth $1,326,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. FMR LLC lifted its stake in ESCO Technologies by 176,918.9% in the first quarter. FMR LLC now owns 364,659 shares of the scientific and technical instruments company’s stock valued at $24,443,000 after buying an additional 364,453 shares during the last quarter. Norges Bank purchased a new stake in ESCO Technologies in the fourth quarter valued at approximately $28,848,000. Victory Capital Management Inc. lifted its stake in ESCO Technologies by 81.5% in the first quarter. Victory Capital Management Inc. now owns 560,878 shares of the scientific and technical instruments company’s stock valued at $61,074,000 after buying an additional 251,917 shares during the last quarter. BlackRock Inc. lifted its stake in ESCO Technologies by 4.1% in the fourth quarter. BlackRock Inc. now owns 4,483,820 shares of the scientific and technical instruments company’s stock valued at $462,818,000 after buying an additional 177,935 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its stake in ESCO Technologies by 3,804.5% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 171,644 shares of the scientific and technical instruments company’s stock valued at $17,717,000 after buying an additional 167,248 shares during the last quarter. Hedge funds and other institutional investors own 93.67% of the company’s stock.

Separately, Zacks Investment Research cut ESCO Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday.

ESCO Technologies stock opened at $88.87 on Friday. ESCO Technologies Inc. has a 12 month low of $77.47 and a 12 month high of $115.84. The business’s 50 day moving average is $103.35. The stock has a market capitalization of $2.31 billion, a PE ratio of 84.64 and a beta of 1.05.

ESCO Technologies (NYSE:ESE) last released its quarterly earnings results on Tuesday, May 4th. The scientific and technical instruments company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.04. ESCO Technologies had a return on equity of 7.57% and a net margin of 3.85%. The business had revenue of $167.00 million during the quarter, compared to analysts’ expectations of $169.83 million. During the same quarter in the prior year, the business earned $0.68 earnings per share. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, equities analysts anticipate that ESCO Technologies Inc. will post 2.9 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 16th. Investors of record on Thursday, July 1st will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Wednesday, June 30th. ESCO Technologies’s dividend payout ratio is presently 11.59%.

About ESCO Technologies

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group (USG), and RF Shielding and Test. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines.

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

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