3,975 Shares in ESCO Technologies Inc. $ESE Purchased by Future Fund LLC

Future Fund LLC bought a new stake in shares of ESCO Technologies Inc. (NYSE:ESE) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 3,975 shares of the scientific and technical instruments company’s stock, valued at approximately $763,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its holdings in shares of ESCO Technologies by 9.8% in the first quarter. Envestnet Asset Management Inc. now owns 84,519 shares of the scientific and technical instruments company’s stock valued at $13,449,000 after acquiring an additional 7,558 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in ESCO Technologies in the first quarter worth approximately $38,000. Nisa Investment Advisors LLC lifted its position in ESCO Technologies by 64.8% in the first quarter. Nisa Investment Advisors LLC now owns 478 shares of the scientific and technical instruments company’s stock worth $76,000 after purchasing an additional 188 shares during the period. Alps Advisors Inc. bought a new position in ESCO Technologies during the 1st quarter valued at $358,000. Finally, Cerity Partners LLC increased its position in shares of ESCO Technologies by 3.8% during the 1st quarter. Cerity Partners LLC now owns 12,706 shares of the scientific and technical instruments company’s stock valued at $2,022,000 after purchasing an additional 469 shares during the period. 95.70% of the stock is currently owned by institutional investors.

ESCO Technologies Stock Performance

ESE opened at $216.61 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.38. The firm has a market cap of $5.59 billion, a PE ratio of 48.79 and a beta of 1.25. The business has a fifty day simple moving average of $212.25 and a 200-day simple moving average of $194.74. ESCO Technologies Inc. has a fifty-two week low of $127.17 and a fifty-two week high of $226.34.

ESCO Technologies (NYSE:ESE) last announced 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 net margin of 10.37% and a return on equity of 11.19%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 earnings per share. As a group, equities analysts predict that ESCO Technologies Inc. will post 5.65 EPS for the current fiscal year.

Analyst Ratings Changes

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

ESCO Technologies Profile

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.