ESCO Technologies Inc. $ESE Shares Sold by US Bancorp DE

US Bancorp DE trimmed its position in ESCO Technologies Inc. (NYSE:ESE) by 4.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,019 shares of the scientific and technical instruments company’s stock after selling 613 shares during the period. US Bancorp DE’s holdings in ESCO Technologies were worth $2,306,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in ESCO Technologies by 3.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 315,479 shares of the scientific and technical instruments company’s stock worth $50,199,000 after purchasing an additional 9,402 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in ESCO Technologies by 4.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,047 shares of the scientific and technical instruments company’s stock worth $326,000 after purchasing an additional 93 shares during the period. New York State Teachers Retirement System lifted its position in ESCO Technologies by 0.9% in the first quarter. New York State Teachers Retirement System now owns 11,617 shares of the scientific and technical instruments company’s stock worth $1,848,000 after purchasing an additional 100 shares during the period. GAMMA Investing LLC lifted its position in ESCO Technologies by 18.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the scientific and technical instruments company’s stock worth $107,000 after purchasing an additional 103 shares during the period. Finally, CX Institutional acquired a new stake in ESCO Technologies in the first quarter worth approximately $36,000. 95.70% of the stock is currently owned by institutional investors and hedge funds.

ESCO Technologies Trading Up 0.6%

Shares of NYSE:ESE opened at $213.83 on Thursday. The stock has a market capitalization of $5.52 billion, a PE ratio of 48.16 and a beta of 1.23. ESCO Technologies Inc. has a 1 year low of $125.45 and a 1 year high of $220.32. The firm has a fifty day moving average price of $203.49 and a 200 day moving average price of $185.72. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38.

ESCO Technologies (NYSE:ESE) last released its quarterly earnings results on Thursday, August 7th. The scientific and technical instruments company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.05). ESCO Technologies had a net margin of 10.37% and a return on equity of 11.19%. The firm had revenue of $296.34 million for the quarter, compared to the consensus estimate of $320.23 million. During the same quarter last year, the company earned $1.16 earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis. ESCO Technologies has set its FY 2025 guidance at 5.750-5.900 EPS. Q4 2025 guidance at 2.040-2.190 EPS. Analysts expect that ESCO Technologies Inc. will post 5.65 EPS for the current fiscal year.

ESCO Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Thursday, October 2nd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 2nd. ESCO Technologies’s dividend payout ratio is 7.21%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ESE shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ESCO Technologies in a report on Wednesday, October 8th. Wall Street Zen cut ESCO Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $187.50.

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, and RF Test & Measurement. 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.