Ameriprise Financial Inc. reduced its position in shares of Esco Technologies Inc. (NYSE:ESE) by 12.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,497 shares of the company’s stock after selling 47,275 shares during the period. Ameriprise Financial Inc. owned 1.28% of Esco Technologies worth $13,200,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in Esco Technologies by 26.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,554 shares of the company’s stock worth $100,000 after buying an additional 534 shares in the last quarter. Eqis Capital Management Inc. bought a new stake in Esco Technologies during the second quarter worth about $202,000. Smith Moore & CO. raised its stake in Esco Technologies by 5.3% in the first quarter. Smith Moore & CO. now owns 7,749 shares of the company’s stock worth $302,000 after buying an additional 388 shares in the last quarter. Blair William & Co. IL raised its stake in Esco Technologies by 0.9% in the second quarter. Blair William & Co. IL now owns 8,090 shares of the company’s stock worth $323,000 after buying an additional 70 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in Esco Technologies by 3.3% in the second quarter. Capstone Asset Management Co. now owns 8,119 shares of the company’s stock worth $324,000 after buying an additional 260 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.
Shares of Esco Technologies Inc. (NYSE:ESE) traded up 0.59% during midday trading on Tuesday, hitting $45.99. The stock had a trading volume of 39,146 shares. The company has a market cap of $1.18 billion, a P/E ratio of 28.37 and a beta of 1.26. The stock has a 50 day moving average of $45.27 and a 200-day moving average of $41.18. Esco Technologies Inc. has a one year low of $31.50 and a one year high of $47.39.
Esco Technologies (NYSE:ESE) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.06. Esco Technologies had a return on equity of 8.10% and a net margin of 7.42%. The firm earned $140.20 million during the quarter, compared to the consensus estimate of $145.57 million. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Analysts forecast that Esco Technologies Inc. will post $2.00 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, September 29th.
A number of research firms have issued reports on ESE. Zacks Investment Research lowered Esco Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 4th. Canaccord Genuity reaffirmed a “hold” rating and issued a $40.00 price target on shares of Esco Technologies in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $42.67.
In other Esco Technologies news, Director Larry W. Solley sold 4,500 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $43.40, for a total transaction of $195,300.00. Following the completion of the sale, the director now owns 25,150 shares of the company’s stock, valued at $1,091,510. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.40% of the company’s stock.
Esco Technologies Company Profile
ESCO Technologies Inc is engaged in the production of engineered products and systems. The Company’s products are sold around the world for utility, industrial, aerospace and commercial applications. It conducts its business in three segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test) and Utility Solutions Group (USG).
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