GHP Investment Advisors Inc. increased its position in ESCO Technologies Inc. (NYSE:ESE) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,759 shares of the scientific and technical instruments company’s stock after buying an additional 2,765 shares during the period. GHP Investment Advisors Inc.’s holdings in ESCO Technologies were worth $3,275,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of ESCO Technologies in the 2nd quarter valued at about $114,000. Sei Investments Co. grew its stake in shares of ESCO Technologies by 75.6% in the 2nd quarter. Sei Investments Co. now owns 2,453 shares of the scientific and technical instruments company’s stock valued at $142,000 after buying an additional 1,056 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of ESCO Technologies in the 2nd quarter valued at about $316,000. MetLife Investment Advisors LLC grew its stake in shares of ESCO Technologies by 17.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 12,761 shares of the scientific and technical instruments company’s stock valued at $736,000 after buying an additional 1,915 shares during the period. Finally, Citadel Advisors LLC grew its stake in shares of ESCO Technologies by 201.9% in the 2nd quarter. Citadel Advisors LLC now owns 13,331 shares of the scientific and technical instruments company’s stock valued at $768,000 after buying an additional 8,915 shares during the period. Institutional investors own 94.09% of the company’s stock.
Several analysts have recently commented on ESE shares. Zacks Investment Research upgraded ESCO Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 10th. B. Riley set a $80.00 target price on ESCO Technologies and gave the company a “buy” rating in a research note on Wednesday, August 8th. ValuEngine upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Finally, Stephens set a $67.00 price target on ESCO Technologies and gave the company a “hold” rating in a research note on Sunday, August 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $73.67.
ESE stock opened at $67.10 on Tuesday. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 28.80 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.05 and a quick ratio of 1.32. ESCO Technologies Inc. has a 52-week low of $51.55 and a 52-week high of $70.20.
ESCO Technologies (NYSE:ESE) last released its quarterly earnings results on Tuesday, August 7th. The scientific and technical instruments company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $192.22 million during the quarter, compared to the consensus estimate of $205.99 million. ESCO Technologies had a return on equity of 8.76% and a net margin of 11.09%. analysts forecast that ESCO Technologies Inc. will post 2.68 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 17th. Shareholders of record on Wednesday, October 3rd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, October 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.48%.
ESCO Technologies Company Profile
ESCO Technologies Inc, through its subsidiaries, produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial applications worldwide. The company's Filtration segment supplies filtration and fluid control products, including filter elements, manifolds, assemblies, modules, indicators, custom and standard valves, filters, regulators, actuators, and other related components; and elastomeric-based signature reduction solutions.
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