Tidal Investments LLC trimmed its holdings in ESCO Technologies Inc. (NYSE:ESE – Free Report) by 24.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,101 shares of the scientific and technical instruments company’s stock after selling 18,085 shares during the period. Tidal Investments LLC’s holdings in ESCO Technologies were worth $19,638,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ESE. Quarry LP grew its holdings in ESCO Technologies by 842.9% in the fourth quarter. Quarry LP now owns 132 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 118 shares during the period. Integrated Wealth Concepts LLC purchased a new position in ESCO Technologies during the second quarter worth approximately $27,000. SBI Securities Co. Ltd. raised its stake 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 purchasing an additional 157 shares during the period. Allworth Financial LP acquired a new position in shares of ESCO Technologies in the 2nd quarter valued at $36,000. Finally, State of Wyoming acquired a new position in shares of ESCO Technologies in the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have commented on ESE. Weiss Ratings upgraded ESCO Technologies from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $413.00 price objective on shares of ESCO Technologies in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. initiated coverage on ESCO Technologies in a report on Monday, June 15th. They set an “overweight” rating and a $420.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ESCO Technologies has an average rating of “Buy” and an average price target of $416.50.
ESCO Technologies Stock Performance
Shares of ESE opened at $266.94 on Friday. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 1.55 and a beta of 1.10. The company has a quick ratio of 0.94, a current ratio of 1.38 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $304.77 and its two-hundred day moving average is $302.72. ESCO Technologies Inc. has a 52-week low of $193.68 and a 52-week high of $362.15.
ESCO Technologies (NYSE:ESE – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The scientific and technical instruments company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.12 by $0.08. ESCO Technologies had a net margin of 24.39% and a return on equity of 13.28%. The business had revenue of $339.03 million for the quarter, compared to analysts’ expectations of $341.40 million. During the same quarter last year, the company posted $1.60 earnings per share. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. 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. Analysts forecast that ESCO Technologies Inc. will post 8.35 EPS for the current fiscal year.
ESCO Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.32 annualized dividend and a yield of 0.1%. ESCO Technologies’s dividend payout ratio (DPR) is currently 2.64%.
ESCO Technologies Profile
ESCO Technologies Inc is a St. Louis, Missouri-based provider of engineered products and services for the aerospace, defense, utility, healthcare, telecommunications and industrial markets. The company develops specialized technologies used in testing, measurement, filtration, fluid control and power-delivery applications.
Through its Aerospace & Defense segment, ESCO supplies filtration systems, fluid-control equipment, valves, electromechanical products and other components for commercial and military aircraft, spacecraft and defense platforms.
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