Metropolitan Life Insurance Co NY increased its position in shares of ESCO Technologies Inc. (NYSE:ESE) by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,233 shares of the scientific and technical instruments company’s stock after purchasing an additional 630 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in ESCO Technologies were worth $655,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. increased its holdings in ESCO Technologies by 162.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 18,243 shares of the scientific and technical instruments company’s stock worth $1,507,000 after buying an additional 11,282 shares during the period. BlackRock Inc. boosted its holdings in shares of ESCO Technologies by 0.7% in the 2nd quarter. BlackRock Inc. now owns 3,841,899 shares of the scientific and technical instruments company’s stock valued at $317,416,000 after acquiring an additional 27,058 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of ESCO Technologies by 154.2% in the 3rd quarter. SG Americas Securities LLC now owns 36,995 shares of the scientific and technical instruments company’s stock valued at $2,943,000 after acquiring an additional 22,441 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of ESCO Technologies by 7.4% in the second quarter. Envestnet Asset Management Inc. now owns 20,310 shares of the scientific and technical instruments company’s stock worth $1,678,000 after acquiring an additional 1,408 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of ESCO Technologies by 90.0% in the third quarter. First Trust Advisors LP now owns 45,723 shares of the scientific and technical instruments company’s stock worth $3,638,000 after acquiring an additional 21,654 shares during the period. 93.65% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on ESE shares. ValuEngine downgraded shares of ESCO Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research lowered shares of ESCO Technologies from a “buy” rating to a “hold” rating in a report on Monday, November 4th.
Shares of ESE stock opened at $87.44 on Tuesday. The stock has a market cap of $2.28 billion, a PE ratio of 28.01 and a beta of 1.12. The business has a 50-day simple moving average of $85.56 and a 200-day simple moving average of $79.93. The company has a quick ratio of 1.46, a current ratio of 1.97 and a debt-to-equity ratio of 0.32. ESCO Technologies Inc. has a 52-week low of $62.72 and a 52-week high of $89.12.
ESCO Technologies (NYSE:ESE) last posted its earnings results on Tuesday, November 19th. The scientific and technical instruments company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.06). The company had revenue of $236.66 million for the quarter, compared to analyst estimates of $235.35 million. ESCO Technologies had a return on equity of 10.20% and a net margin of 9.97%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $1.22 earnings per share. Sell-side analysts anticipate that ESCO Technologies Inc. will post 3.13 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.32 annualized dividend and a yield of 0.37%. ESCO Technologies’s dividend payout ratio is presently 10.22%.
ESCO Technologies Company Profile
ESCO Technologies Inc produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial users worldwide. The company operates in four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG), and Technical Packaging.
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