Macquarie Group Ltd. boosted its position in ESCO Technologies Inc. (NYSE:ESE) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 675,531 shares of the scientific and technical instruments company’s stock after buying an additional 39,972 shares during the period. Macquarie Group Ltd. owned approximately 2.63% of ESCO Technologies worth $38,269,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Capstone Asset Management Co. boosted its stake in shares of ESCO Technologies by 1.4% in the third quarter. Capstone Asset Management Co. now owns 8,229 shares of the scientific and technical instruments company’s stock valued at $382,000 after buying an additional 110 shares in the last quarter. 1st Global Advisors Inc. raised its position in ESCO Technologies by 9.0% in the third quarter. 1st Global Advisors Inc. now owns 6,042 shares of the scientific and technical instruments company’s stock worth $280,000 after buying an additional 500 shares during the last quarter. California Public Employees Retirement System raised its position in ESCO Technologies by 8.6% in the third quarter. California Public Employees Retirement System now owns 30,400 shares of the scientific and technical instruments company’s stock worth $1,411,000 after buying an additional 2,400 shares during the last quarter. GHP Investment Advisors Inc. raised its position in ESCO Technologies by 5.4% in the third quarter. GHP Investment Advisors Inc. now owns 40,212 shares of the scientific and technical instruments company’s stock worth $1,867,000 after buying an additional 2,073 shares during the last quarter. Finally, Aperio Group LLC raised its position in ESCO Technologies by 1.3% in the third quarter. Aperio Group LLC now owns 7,530 shares of the scientific and technical instruments company’s stock worth $350,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.
Shares of ESCO Technologies Inc. (NYSE:ESE) traded up 1.58% during mid-day trading on Thursday, reaching $57.70. The company’s stock had a trading volume of 24,278 shares. The firm has a market cap of $1.48 billion, a PE ratio of 31.36 and a beta of 1.09. ESCO Technologies Inc. has a one year low of $37.32 and a one year high of $58.95. The firm’s 50 day moving average is $56.38 and its 200 day moving average is $53.93.
ESCO Technologies (NYSE:ESE) last issued its earnings results on Tuesday, February 7th. The scientific and technical instruments company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm earned $146.37 million during the quarter, compared to analysts’ expectations of $153.93 million. ESCO Technologies had a net margin of 8.17% and a return on equity of 8.40%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities analysts anticipate that ESCO Technologies Inc. will post $2.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 18th. Stockholders of record on Monday, April 3rd were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Thursday, March 30th. ESCO Technologies’s payout ratio is 17.49%.
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Separately, Stephens set a $62.00 price target on ESCO Technologies and gave the company a “buy” rating in a research report on Wednesday, February 8th.
In other news, Director Larry W. Solley sold 3,600 shares of ESCO Technologies stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $54.76, for a total value of $197,136.00. Following the sale, the director now owns 23,350 shares of the company’s stock, valued at $1,278,646. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by insiders.
About ESCO Technologies
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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