ESCO Technologies Inc. (ESE) Position Held by Hancock Holding Co.
Hancock Holding Co. held its stake in ESCO Technologies Inc. (NYSE:ESE) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 17,000 shares of the scientific and technical instruments company’s stock at the close of the second quarter. Hancock Holding Co. owned about 0.07% of ESCO Technologies worth $1,014,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in ESE. LS Investment Advisors LLC grew its holdings 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 valued at $110,000 after purchasing an additional 935 shares during the period. O Shaughnessy Asset Management LLC grew its stake in ESCO Technologies by 3,191.4% during 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. grew 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 buying an additional 152 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in ESCO Technologies during the first quarter worth approximately $128,000. Finally, Pinebridge Investments L.P. grew its stake in ESCO Technologies by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 3,403 shares of the scientific and technical instruments company’s stock worth $203,000 after buying an additional 47 shares during the period. Institutional investors own 94.10% of the company’s stock.
ESE has been the topic of a number of recent research reports. Wunderlich initiated coverage on shares of ESCO Technologies in a research report on Tuesday, June 13th. They set a “buy” rating and a $71.00 target price on the stock. FBR & Co reaffirmed an “outperform” rating on shares of ESCO Technologies in a report on Tuesday, July 11th. Finally, BidaskClub cut shares of ESCO Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $66.50.
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ESCO Technologies Inc. (NYSE ESE) opened at 59.95 on Friday. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 30.28 and a beta of 1.04. ESCO Technologies Inc. has a 12 month low of $42.95 and a 12 month high of $63.80. The company has a 50-day moving average of $55.59 and a 200-day moving average of $57.68.
ESCO Technologies (NYSE:ESE) last announced its quarterly earnings data on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01. The firm had revenue of $172.00 million during the quarter, compared to analyst estimates of $172.00 million. ESCO Technologies had a return on equity of 8.36% and a net margin of 8.06%. The company’s revenue was up 22.7% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. Analysts predict that ESCO Technologies Inc. will post $2.08 EPS for the current year.
The firm 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 0.53%. The ex-dividend date is Monday, October 2nd. ESCO Technologies’s dividend payout ratio (DPR) is presently 16.16%.
ESCO Technologies 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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