Brown Advisory Inc. grew its stake in ESCO Technologies Inc. (NYSE:ESE) by 1.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 943,108 shares of the scientific and technical instruments company’s stock after buying an additional 12,254 shares during the quarter. Brown Advisory Inc.’s holdings in ESCO Technologies were worth $54,417,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of ESCO Technologies by 6.9% in the 2nd quarter. BlackRock Inc. now owns 3,645,441 shares of the scientific and technical instruments company’s stock valued at $210,342,000 after buying an additional 234,224 shares during the period. Conestoga Capital Advisors LLC boosted its stake in shares of ESCO Technologies by 7.2% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 949,130 shares of the scientific and technical instruments company’s stock valued at $54,765,000 after buying an additional 63,950 shares during the period. Segall Bryant & Hamill LLC boosted its stake in shares of ESCO Technologies by 4.6% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 328,075 shares of the scientific and technical instruments company’s stock valued at $18,930,000 after buying an additional 14,313 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of ESCO Technologies by 7.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 189,219 shares of the scientific and technical instruments company’s stock valued at $10,918,000 after buying an additional 12,669 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of ESCO Technologies by 5.8% in the 2nd quarter. Legal & General Group Plc now owns 56,143 shares of the scientific and technical instruments company’s stock valued at $3,234,000 after buying an additional 3,053 shares during the period. Institutional investors and hedge funds own 94.00% of the company’s stock.

ESE has been the subject of several recent research reports. Zacks Investment Research upgraded ESCO Technologies from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Thursday, August 9th. B. Riley set a $80.00 price objective on ESCO Technologies and gave the company a “buy” rating in a research note on Wednesday, August 8th. Stephens set a $67.00 price objective on ESCO Technologies and gave the company a “hold” rating in a research note on Sunday, August 19th. Finally, ValuEngine upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $73.67.

Shares of ESE opened at $68.20 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.05 and a quick ratio of 1.32. The stock has a market capitalization of $1.77 billion, a PE ratio of 29.40 and a beta of 1.04. ESCO Technologies Inc. has a 1 year low of $51.55 and a 1 year high of $70.20.

ESCO Technologies (NYSE:ESE) last announced its quarterly earnings data on Tuesday, August 7th. The scientific and technical instruments company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. The business had revenue of $192.22 million during the quarter, compared to analysts’ expectations of $205.99 million. ESCO Technologies had a return on equity of 8.76% and a net margin of 11.09%. sell-side analysts expect that ESCO Technologies Inc. will post 2.68 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 17th. Investors of record on Wednesday, October 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.47%. The ex-dividend date is Tuesday, October 2nd.

ESCO Technologies Profile

ESCO Technologies Inc, through its subsidiaries, produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial applications worldwide. The company's Filtration segment supplies filtration and fluid control products, including filter elements, manifolds, assemblies, modules, indicators, custom and standard valves, filters, regulators, actuators, and other related components; and elastomeric-based signature reduction solutions.

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

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