Atria Investments Inc Purchases 1,113 Shares of ESCO Technologies Inc. $ESE

Atria Investments Inc increased its position in ESCO Technologies Inc. (NYSE:ESE) by 57.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,037 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,113 shares during the period. Atria Investments Inc’s holdings in ESCO Technologies were worth $583,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ESE. Nuveen LLC bought a new stake in shares of ESCO Technologies in the 1st quarter worth $90,067,000. Driehaus Capital Management LLC purchased a new stake in shares of ESCO Technologies during the first quarter valued at $33,784,000. Fuller & Thaler Asset Management Inc. bought a new stake in ESCO Technologies in the 1st quarter worth about $30,882,000. Emerald Advisers LLC purchased a new position in ESCO Technologies in the 2nd quarter worth about $17,084,000. Finally, Vanguard Group Inc. lifted its stake in ESCO Technologies by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 2,973,925 shares of the scientific and technical instruments company’s stock valued at $473,211,000 after acquiring an additional 66,392 shares during the period. 95.70% of the stock is currently owned by hedge funds and other institutional investors.

ESCO Technologies Stock Performance

NYSE:ESE opened at $216.61 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 1.52. The stock has a 50-day simple moving average of $212.25 and a two-hundred day simple moving average of $194.74. The firm has a market capitalization of $5.59 billion, a PE ratio of 48.79 and a beta of 1.25. ESCO Technologies Inc. has a 52-week low of $127.17 and a 52-week high of $226.34.

ESCO Technologies (NYSE:ESE) last posted its quarterly earnings data on Thursday, August 7th. The scientific and technical instruments company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 10.37% and a return on equity of 11.19%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 earnings per share. Analysts forecast that ESCO Technologies Inc. will post 5.65 EPS for the current year.

Analysts Set New Price Targets

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