Investment Counselors of Maryland LLC reduced its stake in ESCO Technologies Inc. (NYSE:ESE) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 302,435 shares of the scientific and technical instruments company’s stock after selling 6,000 shares during the quarter. Investment Counselors of Maryland LLC owned about 1,170,867.21% of ESCO Technologies worth $18,131,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in shares of ESCO Technologies by 7.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,116 shares of the scientific and technical instruments company’s stock worth $123,000 after purchasing an additional 152 shares during the period. Royal Bank of Canada raised its holdings in shares of ESCO Technologies by 332.1% in the 2nd quarter. Royal Bank of Canada now owns 3,098 shares of the scientific and technical instruments company’s stock worth $184,000 after purchasing an additional 2,381 shares during the period. Amalgamated Bank purchased a new position in shares of ESCO Technologies in the 1st quarter worth about $200,000. Pinebridge Investments L.P. raised its holdings in shares of ESCO Technologies by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,403 shares of the scientific and technical instruments company’s stock worth $203,000 after purchasing an additional 47 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of ESCO Technologies by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,886 shares of the scientific and technical instruments company’s stock worth $232,000 after purchasing an additional 584 shares during the period. Hedge funds and other institutional investors own 95.25% of the company’s stock.
ESCO Technologies Inc. (ESE) traded down $0.20 during mid-day trading on Thursday, hitting $57.00. The stock had a trading volume of 915 shares, compared to its average volume of 70,116. ESCO Technologies Inc. has a fifty-two week low of $43.80 and a fifty-two week high of $63.80. The company has a current ratio of 2.17, a quick ratio of 1.42 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1,499.62, a price-to-earnings ratio of 28.74 and a beta of 1.01.
ESCO Technologies (NYSE:ESE) last issued its quarterly earnings data on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. ESCO Technologies had a return on equity of 8.36% and a net margin of 8.06%. The firm had revenue of $172.00 million during the quarter, compared to analyst estimates of $172.00 million. During the same quarter last year, the firm earned $0.49 EPS. ESCO Technologies’s quarterly revenue was up 22.7% on a year-over-year basis. research analysts expect that ESCO Technologies Inc. will post 2.08 EPS for the current fiscal year.
A number of equities analysts have recently commented on ESE shares. Zacks Investment Research downgraded ESCO Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub lowered ESCO Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, B. Riley reiterated a “buy” rating on shares of ESCO Technologies in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. ESCO Technologies has an average rating of “Buy” and a consensus price target of $67.00.
ESCO Technologies Profile
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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