State of Tennessee Treasury Department continued to hold its stake in shares of ESCO Technologies Inc. (NYSE:ESE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,727 shares of the scientific and technical instruments company’s stock at the close of the 2nd quarter. State of Tennessee Treasury Department owned 0.10% of ESCO Technologies worth $1,475,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ESE. Nationwide Fund Advisors lifted its stake in ESCO Technologies by 2.1% in the 1st quarter. Nationwide Fund Advisors now owns 28,906 shares of the scientific and technical instruments company’s stock valued at $1,679,000 after purchasing an additional 581 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in ESCO Technologies by 7.4% during the first quarter. Great West Life Assurance Co. Can now owns 36,357 shares of the scientific and technical instruments company’s stock worth $2,113,000 after acquiring an additional 2,494 shares during the last quarter. First Trust Advisors LP lifted its position in ESCO Technologies by 38.2% during the first quarter. First Trust Advisors LP now owns 43,904 shares of the scientific and technical instruments company’s stock worth $2,551,000 after acquiring an additional 12,137 shares during the last quarter. Bank of New York Mellon Corp lifted its position in ESCO Technologies by 30.6% during the first quarter. Bank of New York Mellon Corp now owns 441,419 shares of the scientific and technical instruments company’s stock worth $25,647,000 after acquiring an additional 103,472 shares during the last quarter. Finally, Comerica Bank lifted its position in ESCO Technologies by 4.1% during the first quarter. Comerica Bank now owns 28,494 shares of the scientific and technical instruments company’s stock worth $1,718,000 after acquiring an additional 1,110 shares during the last quarter. Institutional investors and hedge funds own 94.10% of the company’s stock.

Several equities research analysts have issued reports on the stock. BidaskClub downgraded shares of ESCO Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Wunderlich assumed coverage on shares of ESCO Technologies in a research report on Tuesday, June 13th. They set a “buy” rating and a $71.00 price objective for the company. Finally, FBR & Co restated an “outperform” rating on shares of ESCO Technologies in a research report on Tuesday, July 11th. 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 company presently has a consensus rating of “Buy” and an average target price of $66.50.

Shares of ESCO Technologies Inc. (NYSE:ESE) opened at 57.20 on Friday. The firm’s 50-day moving average is $55.59 and its 200 day moving average is $57.68. ESCO Technologies Inc. has a 12 month low of $42.95 and a 12 month high of $63.80. The firm has a market capitalization of $1.48 billion, a P/E ratio of 28.89 and a beta of 1.04.

ESCO Technologies (NYSE:ESE) last released its earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 earnings per share 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 firm had revenue of $172.00 million during the quarter, compared to the consensus estimate of $172.00 million. During the same period in the prior year, the firm earned $0.49 EPS. The company’s revenue 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Tuesday, October 3rd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Monday, October 2nd. ESCO Technologies’s dividend payout ratio is currently 16.16%.

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

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