Allianz Asset Management AG lowered its position in ESCO Technologies Inc. (NYSE:ESE) by 48.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,444 shares of the company’s stock after selling 17,117 shares during the period. Allianz Asset Management AG’s holdings in ESCO Technologies were worth $1,045,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in ESCO Technologies by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,805,554 shares of the company’s stock worth $102,286,000 after buying an additional 50,612 shares during the last quarter. BlackRock Fund Advisors boosted its position in ESCO Technologies by 7.5% in the third quarter. BlackRock Fund Advisors now owns 1,759,659 shares of the company’s stock worth $81,683,000 after buying an additional 122,541 shares during the last quarter. Brown Advisory Inc. boosted its position in ESCO Technologies by 6.2% in the fourth quarter. Brown Advisory Inc. now owns 767,839 shares of the company’s stock worth $43,498,000 after buying an additional 44,497 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in ESCO Technologies by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 651,136 shares of the company’s stock worth $30,226,000 after buying an additional 3,462 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in ESCO Technologies by 7.2% in the second quarter. Macquarie Group Ltd. now owns 606,225 shares of the company’s stock worth $24,213,000 after buying an additional 40,818 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.
ESCO Technologies Inc. (NYSE:ESE) opened at 57.00 on Tuesday. The company has a market cap of $1.47 billion, a PE ratio of 30.98 and a beta of 1.09. ESCO Technologies Inc. has a 12-month low of $37.19 and a 12-month high of $58.95. The company’s 50-day moving average price is $55.51 and its 200-day moving average price is $52.06.
ESCO Technologies (NYSE:ESE) last released its quarterly earnings data on Tuesday, February 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.02. The company had revenue of $146.37 million for the quarter, compared to the consensus estimate of $153.93 million. ESCO Technologies had a return on equity of 8.40% and a net margin of 8.17%. ESCO Technologies’s revenue was up 10.2% on a year-over-year basis. Equities analysts anticipate that ESCO Technologies Inc. will post $2.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 18th. Stockholders of record on Monday, April 3rd will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, March 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.56%. ESCO Technologies’s dividend payout ratio (DPR) is presently 17.49%.
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Separately, Stephens set a $62.00 price target on ESCO Technologies and gave the stock a “buy” rating in a report on Wednesday, February 8th.
In other news, Director Larry W. Solley sold 3,600 shares of the stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $54.76, for a total transaction of $197,136.00. Following the transaction, the director now owns 23,350 shares of the company’s stock, valued at approximately $1,278,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.
About ESCO Technologies
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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