Esco Technologies Inc. (NYSE:ESE) has been assigned a consensus rating of “Hold” from the five research firms that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $42.50.
ESE has been the topic of a number of recent analyst reports. Canaccord Genuity reiterated a “hold” rating and set a $40.00 price target on shares of Esco Technologies in a report on Thursday, August 4th. Zacks Investment Research cut shares of Esco Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th.
Shares of Esco Technologies (NYSE:ESE) traded down 0.04% during midday trading on Thursday, reaching $46.25. 24,183 shares of the company’s stock were exchanged. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 28.53 and a beta of 1.26. Esco Technologies has a one year low of $31.50 and a one year high of $47.39. The firm has a 50 day moving average of $45.43 and a 200-day moving average of $41.28.
Esco Technologies (NYSE:ESE) last announced its earnings results on Tuesday, August 2nd. The company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.06. Esco Technologies had a net margin of 7.42% and a return on equity of 8.10%. The business earned $140.20 million during the quarter, compared to the consensus estimate of $145.57 million. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts anticipate that Esco Technologies will post $2.00 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, September 29th.
In related news, Director Larry W. Solley sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $43.40, for a total value of $195,300.00. Following the sale, the director now owns 25,150 shares in the company, valued at $1,091,510. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the company. Macquarie Group Ltd. boosted its stake in shares of Esco Technologies by 7.2% in the second quarter. Macquarie Group Ltd. now owns 606,225 shares of the company’s stock valued at $24,213,000 after buying an additional 40,818 shares in the last quarter. Mason Street Advisors LLC acquired a new position in shares of Esco Technologies during the second quarter valued at $201,000. Schwab Charles Investment Management Inc. boosted its position in shares of Esco Technologies by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 124,989 shares of the company’s stock valued at $4,993,000 after buying an additional 4,157 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Esco Technologies by 1.5% in the second quarter. Arizona State Retirement System now owns 13,353 shares of the company’s stock valued at $533,000 after buying an additional 200 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its position in shares of Esco Technologies by 12.8% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,223,819 shares of the company’s stock valued at $48,880,000 after buying an additional 138,639 shares in the last quarter. Institutional investors own 94.39% 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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