Texas Permanent School Fund reduced its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 7.4% in the 4th quarter, HoldingsChannel reports. The fund owned 17,464 shares of the scientific and technical instruments company’s stock after selling 1,394 shares during the period. Texas Permanent School Fund’s holdings in ESCO Technologies were worth $1,052,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in ESCO Technologies by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 2,158 shares of the scientific and technical instruments company’s stock valued at $129,000 after acquiring an additional 42 shares in the last quarter. Royal Bank of Canada raised its position in ESCO Technologies by 332.1% during the second quarter. Royal Bank of Canada now owns 3,098 shares of the scientific and technical instruments company’s stock valued at $184,000 after acquiring an additional 2,381 shares in the last quarter. Citadel Advisors LLC purchased a new position in ESCO Technologies during the third quarter valued at approximately $201,000. Amalgamated Bank raised its position in ESCO Technologies by 1.1% during the second quarter. Amalgamated Bank now owns 3,485 shares of the scientific and technical instruments company’s stock valued at $208,000 after acquiring an additional 39 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in ESCO Technologies during the second quarter valued at approximately $234,000. Institutional investors own 96.31% of the company’s stock.

ESE has been the subject of several recent research reports. Zacks Investment Research cut ESCO Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. B. Riley reiterated a “buy” rating and set a $71.00 price target on shares of ESCO Technologies in a research report on Wednesday, January 31st. Stephens set a $65.00 price target on ESCO Technologies and gave the company an “equal weight” rating in a research report on Wednesday, December 6th. Finally, Needham & Company LLC upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. ESCO Technologies currently has an average rating of “Buy” and an average target price of $69.00.

Shares of ESCO Technologies Inc. (ESE) opened at $60.40 on Wednesday. The company has a market capitalization of $1,599.80, a P/E ratio of 30.05 and a beta of 0.97. ESCO Technologies Inc. has a 12-month low of $50.30 and a 12-month high of $66.80. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.10 and a quick ratio of 1.36.

ESCO Technologies (NYSE:ESE) last posted its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.33 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.33. The business had revenue of $173.50 million during the quarter, compared to analysts’ expectations of $168.53 million. ESCO Technologies had a return on equity of 8.20% and a net margin of 10.89%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 earnings per share. sell-side analysts anticipate that ESCO Technologies Inc. will post 2.65 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, April 3rd will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, April 2nd. ESCO Technologies’s dividend payout ratio (DPR) is presently 10.70%.

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

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