Segall Bryant & Hamill LLC cut its stake in ESCO Technologies Inc. (NYSE:ESE) by 13.0% during the 4th quarter, Holdings Channel reports. The fund owned 318,644 shares of the scientific and technical instruments company’s stock after selling 47,731 shares during the period. Segall Bryant & Hamill LLC’s holdings in ESCO Technologies were worth $19,198,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Regal Wealth Group Inc. bought a new stake in ESCO Technologies in the fourth quarter valued at approximately $167,000. Royal Bank of Canada boosted its holdings in ESCO Technologies by 332.1% in the second quarter. Royal Bank of Canada now owns 3,098 shares of the scientific and technical instruments company’s stock valued at $184,000 after acquiring an additional 2,381 shares during the last quarter. Citadel Advisors LLC bought a new stake in ESCO Technologies in the third quarter valued at approximately $201,000. Parametrica Management Ltd bought a new stake in ESCO Technologies in the fourth quarter valued at approximately $318,000. Finally, Crossmark Global Holdings Inc. bought a new stake in ESCO Technologies in the third quarter valued at approximately $427,000. Institutional investors and hedge funds own 95.48% of the company’s stock.
In other ESCO Technologies news, SVP Alyson S. Barclay sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $62.00, for a total value of $310,000.00. Following the transaction, the senior vice president now directly owns 101,658 shares of the company’s stock, valued at $6,302,796. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Larry W. Solley sold 4,288 shares of the business’s 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 completion of the transaction, the director now directly owns 24,750 shares in the company, valued at $1,532,025. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.
ESCO Technologies Inc. (NYSE ESE) opened at $61.50 on Tuesday. ESCO Technologies Inc. has a 12 month low of $50.30 and a 12 month high of $66.80. The company has a quick ratio of 1.36, a current ratio of 2.10 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $1,592.04, a P/E ratio of 29.90 and a beta of 0.97.
ESCO Technologies (NYSE:ESE) last issued its quarterly earnings results 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 return on equity of 8.20% and a net margin of 10.89%. The firm had revenue of $173.50 million for the quarter, compared to analyst estimates of $168.53 million. During the same period in the previous year, the firm earned $0.47 earnings per share. The company’s revenue was up 18.5% compared to the same quarter last year. equities research analysts anticipate that ESCO Technologies Inc. will post 2.65 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Tuesday, April 3rd will be paid 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 presently 10.70%.
Several brokerages recently commented on ESE. B. Riley set a $71.00 target price on ESCO Technologies and gave the company a “buy” rating in a report on Monday, February 26th. Zacks Investment Research upgraded ESCO Technologies from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Monday, February 12th. Needham & Company LLC upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. Finally, Stephens set a $65.00 target price on ESCO Technologies and gave the company an “equal weight” rating in a report on Wednesday, December 6th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. ESCO Technologies has an average rating of “Buy” and an average price target of $69.00.
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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.
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