ESCO Technologies Inc. $ESE Holdings Trimmed by Tributary Capital Management LLC

Tributary Capital Management LLC trimmed its position in ESCO Technologies Inc. (NYSE:ESE) by 7.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 161,992 shares of the scientific and technical instruments company’s stock after selling 12,219 shares during the period. ESCO Technologies makes up approximately 2.8% of Tributary Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Tributary Capital Management LLC’s holdings in ESCO Technologies were worth $31,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ESE. TD Private Client Wealth LLC purchased a new position in ESCO Technologies in the 1st quarter valued at $38,000. Harbor Investment Advisory LLC purchased a new position in ESCO Technologies in the 2nd quarter valued at $38,000. Maseco LLP purchased a new position in ESCO Technologies in the 2nd quarter valued at $45,000. CWM LLC grew its position in ESCO Technologies by 32.2% in the 1st quarter. CWM LLC now owns 402 shares of the scientific and technical instruments company’s stock valued at $64,000 after buying an additional 98 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in ESCO Technologies by 64.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 478 shares of the scientific and technical instruments company’s stock valued at $76,000 after buying an additional 188 shares during the last quarter. 95.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ESE. Weiss Ratings reiterated a “buy (b)” rating on shares of ESCO Technologies in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, ESCO Technologies presently has an average rating of “Buy” and a consensus target price of $187.50.

ESCO Technologies Price Performance

Shares of NYSE ESE opened at $214.44 on Thursday. The firm has a market capitalization of $5.54 billion, a P/E ratio of 48.30 and a beta of 1.23. ESCO Technologies Inc. has a one year low of $125.45 and a one year high of $223.27. The company’s fifty day moving average is $205.72 and its two-hundred day moving average is $187.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 1.52.

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

ESCO Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Thursday, October 2nd were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 2nd. ESCO Technologies’s payout ratio is 7.21%.

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.