TD Asset Management Inc. Has $2.13 Million Position in ESCO Technologies Inc. (ESE)
TD Asset Management Inc. increased its position in shares of ESCO Technologies Inc. (NYSE:ESE) by 11.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,700 shares of the scientific and technical instruments company’s stock after buying an additional 3,600 shares during the period. TD Asset Management Inc. owned approximately 0.14% of ESCO Technologies worth $2,130,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. LS Investment Advisors LLC raised its stake in ESCO Technologies by 96.9% in the first quarter. LS Investment Advisors LLC now owns 1,900 shares of the scientific and technical instruments company’s stock worth $110,000 after buying an additional 935 shares during the period. O Shaughnessy Asset Management LLC raised its stake in ESCO Technologies by 3,191.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,909 shares of the scientific and technical instruments company’s stock worth $111,000 after buying an additional 1,851 shares during the period. PNC Financial Services Group Inc. raised its stake in ESCO Technologies by 7.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,116 shares of the scientific and technical instruments company’s stock worth $123,000 after buying an additional 152 shares during the period. Ameritas Investment Partners Inc. bought a new stake in ESCO Technologies during the first quarter worth about $128,000. Finally, State of Alaska Department of Revenue raised its stake in ESCO Technologies by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 2,840 shares of the scientific and technical instruments company’s stock worth $165,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.
ESCO Technologies Inc. (ESE) opened at 53.50 on Thursday. The company has a 50-day moving average price of $58.85 and a 200-day moving average price of $57.68. The firm has a market capitalization of $1.38 billion, a PE ratio of 27.02 and a beta of 1.01. ESCO Technologies Inc. has a 12-month low of $42.95 and a 12-month high of $63.80.
ESCO Technologies (NYSE:ESE) last released its quarterly earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. ESCO Technologies had a net margin of 8.06% and a return on equity of 8.36%. The business had revenue of $172 million for the quarter, compared to analyst estimates of $172 million. During the same quarter in the previous year, the business earned $0.49 earnings per share. The firm’s revenue was up 22.7% compared to the same quarter last year. On average, analysts predict that ESCO Technologies Inc. will post $2.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Tuesday, October 3rd will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.32 annualized dividend and a yield of 0.60%. ESCO Technologies’s dividend payout ratio is presently 16.16%.
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A number of equities research analysts have recently issued reports on ESE shares. BidaskClub lowered ESCO Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Wunderlich started coverage on ESCO Technologies in a research report on Tuesday, June 13th. They issued a “buy” rating and a $71.00 price target for the company. Finally, FBR & Co reiterated an “outperform” rating on shares of ESCO Technologies in a report on Tuesday, July 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target 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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