ESCO Technologies Inc. (ESE) Shares Bought by Teachers Advisors LLC
Teachers Advisors LLC increased its stake in ESCO Technologies Inc. (NYSE:ESE) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,514 shares of the scientific and technical instruments company’s stock after buying an additional 2,338 shares during the period. Teachers Advisors LLC owned about 0.17% of ESCO Technologies worth $2,586,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in shares of ESCO Technologies by 1.2% in the first quarter. Wellington Management Group LLP now owns 1,824,230 shares of the scientific and technical instruments company’s stock valued at $105,988,000 after buying an additional 21,220 shares during the last quarter. Principal Financial Group Inc. boosted its position in ESCO Technologies by 0.9% in the first quarter. Principal Financial Group Inc. now owns 203,018 shares of the scientific and technical instruments company’s stock valued at $11,795,000 after buying an additional 1,779 shares in the last quarter. OppenheimerFunds Inc. boosted its position in ESCO Technologies by 30.3% in the first quarter. OppenheimerFunds Inc. now owns 8,181 shares of the scientific and technical instruments company’s stock valued at $475,000 after buying an additional 1,904 shares in the last quarter. Van ECK Associates Corp purchased a new position in ESCO Technologies during the first quarter valued at about $1,508,000. Finally, Municipal Employees Retirement System of Michigan boosted its position in ESCO Technologies by 0.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 7,420 shares of the scientific and technical instruments company’s stock valued at $431,000 after buying an additional 60 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.
Shares of ESCO Technologies Inc. (ESE) traded down 0.19% during midday trading on Wednesday, hitting $53.80. 4,827 shares of the company were exchanged. ESCO Technologies Inc. has a 52-week low of $42.95 and a 52-week high of $63.80. The company has a 50-day moving average price of $59.82 and a 200-day moving average price of $57.85. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 27.17 and a beta of 1.01.
ESCO Technologies (NYSE:ESE) last posted its quarterly earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $172 million during the quarter, compared to analysts’ expectations of $172 million. ESCO Technologies had a return on equity of 8.36% and a net margin of 8.06%. The firm’s revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. On average, analysts forecast that ESCO Technologies Inc. will post $2.08 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Tuesday, October 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Monday, October 2nd. ESCO Technologies’s payout ratio is currently 16.16%.
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ESE has been the subject of several analyst reports. Wunderlich initiated coverage on shares of ESCO Technologies in a research note on Tuesday, June 13th. They issued a “buy” rating and a $71.00 target price for the company. FBR & Co reiterated an “outperform” rating on shares of ESCO Technologies in a research note on Tuesday, July 11th. Finally, BidaskClub upgraded shares of ESCO Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $66.50.
ESCO Technologies Company Profile
ESCO Technologies Inc (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging.
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