ESCO Technologies Inc. (ESE) Shares Sold by Pier Capital LLC

Pier Capital LLC lowered its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,794 shares of the scientific and technical instruments company’s stock after selling 8,229 shares during the quarter. Pier Capital LLC owned about 0.36% of ESCO Technologies worth $5,531,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. KBC Group NV increased its stake in shares of ESCO Technologies by 57.7% during the 3rd quarter. KBC Group NV now owns 9,430 shares of the scientific and technical instruments company’s stock valued at $565,000 after acquiring an additional 3,450 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in ESCO Technologies by 49.1% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,000 shares of the scientific and technical instruments company’s stock worth $660,000 after purchasing an additional 3,620 shares in the last quarter. Schroder Investment Management Group increased its position in ESCO Technologies by 2.6% during the 3rd quarter. Schroder Investment Management Group now owns 267,932 shares of the scientific and technical instruments company’s stock worth $16,196,000 after purchasing an additional 6,682 shares in the last quarter. Ameriprise Financial Inc. increased its position in ESCO Technologies by 10.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 304,860 shares of the scientific and technical instruments company’s stock worth $18,275,000 after purchasing an additional 28,445 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in ESCO Technologies by 5.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 161,656 shares of the scientific and technical instruments company’s stock worth $9,692,000 after purchasing an additional 8,875 shares in the last quarter. 95.48% of the stock is owned by institutional investors.

A number of research firms recently issued reports on ESE. Zacks Investment Research raised shares of ESCO Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 16th. B. Riley set a $71.00 target price on shares of ESCO Technologies and gave the stock a “buy” rating in a research report on Thursday, February 8th. Stephens set a $65.00 target price on shares of ESCO Technologies and gave the stock an “equal weight” rating in a research report on Wednesday, December 6th. Finally, Needham & Company LLC raised shares of ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. ESCO Technologies currently has a consensus rating of “Buy” and a consensus target price of $69.00.

Shares of ESCO Technologies Inc. (NYSE:ESE) opened at $61.50 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.10 and a quick ratio of 1.36. ESCO Technologies Inc. has a 1 year low of $50.30 and a 1 year high of $66.80. The stock has a market cap of $1,592.04, a P/E ratio of 20.57 and a beta of 0.97.

ESCO Technologies (NYSE:ESE) last issued its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. ESCO Technologies had a net margin of 10.89% and a return on equity of 8.20%. The company had revenue of $173.50 million during the quarter, compared to the consensus estimate of $168.53 million. During the same quarter last year, the company earned $0.47 earnings per share. ESCO Technologies’s revenue for the quarter was up 18.5% on a year-over-year basis. equities research analysts forecast that ESCO Technologies Inc. will post 2.65 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Tuesday, April 3rd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Monday, April 2nd. ESCO Technologies’s dividend payout ratio (DPR) is 10.70%.

In other news, SVP Alyson S. Barclay sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $62.00, for a total transaction of $310,000.00. Following the completion of the transaction, the senior vice president now directly owns 101,658 shares in the company, valued at approximately $6,302,796. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Larry W. Solley sold 4,288 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $61.90, for a total value of $265,427.20. Following the transaction, the director now owns 24,750 shares of the company’s stock, valued at $1,532,025. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

COPYRIGHT VIOLATION WARNING: “ESCO Technologies Inc. (ESE) Shares Sold by Pier Capital LLC” was originally reported by Stock Observer and is the sole property of of Stock Observer. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.thestockobserver.com/2018/03/20/esco-technologies-inc-ese-shares-sold-by-pier-capital-llc.html.

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.

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

Receive News & Ratings for ESCO Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ESCO Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply