Wasatch Advisors LP grew its stake in ESCO Technologies Inc. (NYSE:ESE – Free Report) by 65.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 477,687 shares of the scientific and technical instruments company’s stock after purchasing an additional 189,433 shares during the period. Wasatch Advisors LP’s holdings in ESCO Technologies were worth $167,210,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in ESE. Quarry LP raised its position in shares of ESCO Technologies by 842.9% during the fourth quarter. Quarry LP now owns 132 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 118 shares during the last quarter. SBI Securities Co. Ltd. grew its position in ESCO Technologies by 3,140.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 162 shares of the scientific and technical instruments company’s stock worth $32,000 after buying an additional 157 shares in the last quarter. State of Wyoming acquired a new stake in ESCO Technologies during the first quarter worth about $38,000. Aster Capital Management DIFC Ltd bought a new position in ESCO Technologies during the fourth quarter valued at about $39,000. Finally, Osterweis Capital Management Inc. bought a new position in ESCO Technologies during the second quarter valued at about $39,000. Institutional investors own 95.70% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have commented on the company. Wall Street Zen cut ESCO Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. assumed coverage on ESCO Technologies in a research report on Monday, June 15th. They set an “overweight” rating and a $420.00 price objective on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $413.00 target price on shares of ESCO Technologies in a research note on Monday. Finally, Weiss Ratings upgraded shares of ESCO Technologies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $416.50.
ESCO Technologies Price Performance
Shares of ESCO Technologies stock opened at $295.80 on Wednesday. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 1.81 and a beta of 1.10. The firm’s 50-day moving average price is $324.53 and its two-hundred day moving average price is $297.61. The company has a current ratio of 1.38, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. ESCO Technologies Inc. has a 1-year low of $182.85 and a 1-year high of $362.15.
ESCO Technologies (NYSE:ESE – Get Free Report) last posted its earnings results on Thursday, August 6th. The scientific and technical instruments company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.08. The company had revenue of $339.03 million during the quarter, compared to analysts’ expectations of $341.40 million. ESCO Technologies had a net margin of 24.39% and a return on equity of 13.28%. ESCO Technologies’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 earnings per share. ESCO Technologies has set its FY 2026 guidance at 8.300-8.400 EPS and its Q4 2026 guidance at 2.550-2.650 EPS. On average, equities analysts predict that ESCO Technologies Inc. will post 8.34 earnings per share for the current fiscal year.
ESCO Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. ESCO Technologies’s payout ratio is currently 2.64%.
ESCO Technologies Company Profile
ESCO Technologies Inc is a diversified manufacturer of engineered products and systems designed to meet customers’ critical performance requirements in the test, measurement, control, and filtration of data, fluids, and gases. The company serves a wide range of end markets, including commercial aerospace, defense, industrial, medical, and communication network sectors. ESCO’s solutions are tailored to environments where reliability, precision and regulatory compliance are paramount.
Operating through multiple business segments, ESCO Technologies delivers test and measurement instruments such as RF and microwave components, signal distribution systems, and integrated test enclosures that support defense and aerospace programs.
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