Legal & General Group Plc increased its position in shares of ESCO Technologies Inc. (NYSE:ESE) by 9.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,052 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,149 shares during the quarter. Legal & General Group Plc owned 0.19% of ESCO Technologies worth $2,985,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. 1st Global Advisors Inc. lifted its stake in ESCO Technologies by 0.7% during the first quarter. 1st Global Advisors Inc. now owns 5,827 shares of the scientific and technical instruments company’s stock worth $339,000 after purchasing an additional 42 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in ESCO Technologies by 0.8% during the first quarter. Municipal Employees Retirement System of Michigan now owns 7,420 shares of the scientific and technical instruments company’s stock worth $431,000 after purchasing an additional 60 shares during the last quarter. Arizona State Retirement System lifted its stake in ESCO Technologies by 0.8% during the first quarter. Arizona State Retirement System now owns 13,353 shares of the scientific and technical instruments company’s stock worth $776,000 after purchasing an additional 100 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in ESCO Technologies by 7.7% during 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 purchasing an additional 152 shares during the last quarter. Finally, Texas Permanent School Fund lifted its stake in ESCO Technologies by 1.3% during the second quarter. Texas Permanent School Fund now owns 18,859 shares of the scientific and technical instruments company’s stock worth $1,125,000 after purchasing an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 94.10% of the company’s stock.

ESCO Technologies Inc. (NYSE ESE) opened at 56.15 on Monday. The company has a market capitalization of $1.45 billion, a PE ratio of 28.36 and a beta of 1.04. ESCO Technologies Inc. has a 52 week low of $42.95 and a 52 week high of $63.80. The company’s 50-day moving average price is $55.84 and its 200 day moving average price is $57.59.

ESCO Technologies (NYSE:ESE) last announced its quarterly earnings data on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.01. ESCO Technologies had a return on equity of 8.36% and a net margin of 8.06%. The company had revenue of $172.00 million for the quarter, compared to analyst estimates of $172.00 million. During the same quarter last year, the firm earned $0.49 EPS. ESCO Technologies’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, equities research analysts anticipate that ESCO Technologies Inc. will post $2.08 EPS for the current year.

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Monday, October 2nd. ESCO Technologies’s payout ratio is presently 16.16%.

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Several brokerages recently issued reports on ESE. BidaskClub cut ESCO Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. FBR & Co restated an “outperform” rating on shares of ESCO Technologies in a research note on Tuesday, July 11th. Finally, Wunderlich began coverage on ESCO Technologies in a research note on Tuesday, June 13th. They set a “buy” rating and a $71.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock 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.

Institutional Ownership by Quarter for ESCO Technologies (NYSE:ESE)

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