Rock Point Advisors LLC decreased its stake in shares of Esco Technologies Inc. (NYSE:ESE) by 48.3% during the second quarter, Holdings Channel reports. The firm owned 42,238 shares of the company’s stock after selling 39,383 shares during the period. Rock Point Advisors LLC’s holdings in Esco Technologies were worth $1,687,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its position in Esco Technologies by 5.5% in the first quarter. Wellington Management Group LLP now owns 1,816,704 shares of the company’s stock valued at $70,815,000 after buying an additional 94,558 shares during the period. Silvercrest Asset Management Group LLC boosted its position in Esco Technologies by 13.1% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,085,180 shares of the company’s stock valued at $42,301,000 after buying an additional 125,617 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Esco Technologies by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 667,928 shares of the company’s stock valued at $26,036,000 after buying an additional 11,848 shares during the period. Nuveen Asset Management LLC acquired a new position in Esco Technologies during the first quarter valued at about $3,537,000. Finally, TIAA CREF Investment Management LLC boosted its position in Esco Technologies by 0.9% in the first quarter. TIAA CREF Investment Management LLC now owns 88,519 shares of the company’s stock valued at $3,450,000 after buying an additional 795 shares during the period. 94.38% of the stock is currently owned by hedge funds and other institutional investors.
Esco Technologies Inc. (NYSE:ESE) traded down 0.60% during midday trading on Monday, hitting $44.85. The company had a trading volume of 40,375 shares. Esco Technologies Inc. has a 52 week low of $31.50 and a 52 week high of $47.39. The company has a market capitalization of $1.15 billion, a P/E ratio of 27.67 and a beta of 1.15. The stock has a 50 day moving average price of $45.78 and a 200 day moving average price of $41.97.
Esco Technologies (NYSE:ESE) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.06. The business earned $140.20 million during the quarter, compared to analyst estimates of $145.57 million. Esco Technologies had a return on equity of 8.10% and a net margin of 7.42%. The firm’s revenue was up 4.5% compared to the same quarter last year. Equities analysts forecast that Esco Technologies Inc. will post $2.00 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, September 29th.
ESE has been the topic of several research analyst reports. Canaccord Genuity reissued a “hold” rating and set a $40.00 target price on shares of Esco Technologies in a research note on Thursday, August 4th. Zacks Investment Research cut Esco Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $42.67.
In other news, Director Larry W. Solley sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $43.40, for a total value of $195,300.00. Following the completion of the sale, the director now directly owns 25,150 shares of the company’s stock, valued at approximately $1,091,510. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is owned by insiders.
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).