Mason Street Advisors LLC bought a new position in Esco Technologies Inc. (NYSE:ESE) during the second quarter, Holdings Channel reports. The institutional investor bought 5,032 shares of the company’s stock, valued at approximately $201,000.
Several other institutional investors also recently made changes to their positions in ESE. Vanguard Group Inc. increased its position in shares of Esco Technologies by 3.1% in the second quarter. Vanguard Group Inc. now owns 1,967,852 shares of the company’s stock worth $78,597,000 after buying an additional 58,952 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Esco Technologies by 5.5% in the first quarter. Wellington Management Group LLP now owns 1,816,704 shares of the company’s stock worth $70,815,000 after buying an additional 94,558 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Esco Technologies by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,715,945 shares of the company’s stock worth $68,534,000 after buying an additional 84,949 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Esco Technologies by 2.3% in the second quarter. BlackRock Fund Advisors now owns 1,637,118 shares of the company’s stock worth $65,386,000 after buying an additional 37,338 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased 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 worth $48,880,000 after buying an additional 138,639 shares in the last quarter. 94.39% of the stock is owned by institutional investors.
Shares of Esco Technologies Inc. (NYSE:ESE) opened at 45.23 on Thursday. The company’s 50 day moving average is $45.80 and its 200-day moving average is $41.82. The company has a market capitalization of $1.16 billion, a P/E ratio of 27.90 and a beta of 1.15. Esco Technologies Inc. has a 1-year low of $31.50 and a 1-year high of $47.39.
Esco Technologies (NYSE:ESE) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates 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 had revenue of $140.20 million for the quarter, compared to analyst estimates of $145.57 million. Esco Technologies’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts forecast that Esco Technologies Inc. will post $2.00 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.71%.
ESE has been the subject of a number of research analyst reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $40.00 target price on shares of Esco Technologies in a research note on Thursday, August 4th. Zacks Investment Research downgraded shares of Esco Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Esco Technologies presently has a consensus rating of “Hold” and an average price target of $42.67.
In other Esco Technologies news, Director Larry W. Solley sold 4,500 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $43.40, for a total transaction of $195,300.00. Following the sale, the director now directly 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 this link. 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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