Public Employees Retirement Association of Colorado Grows Position in ESCO Technologies Inc. (NYSE:ESE)

Public Employees Retirement Association of Colorado grew its position in shares of ESCO Technologies Inc. (NYSE:ESE) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,444 shares of the scientific and technical instruments company’s stock after purchasing an additional 12,385 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.87% of ESCO Technologies worth $23,471,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new position in shares of ESCO Technologies in the second quarter worth about $36,000. Innealta Capital LLC purchased a new position in ESCO Technologies during the second quarter worth approximately $50,000. YHB Investment Advisors Inc. acquired a new stake in ESCO Technologies in the first quarter valued at approximately $56,000. TFO Wealth Partners LLC increased its position in shares of ESCO Technologies by 53,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 533 shares of the scientific and technical instruments company’s stock valued at $62,000 after buying an additional 532 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in shares of ESCO Technologies during the 1st quarter worth approximately $126,000. 95.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Stephens reissued an “overweight” rating and issued a $125.00 price target on shares of ESCO Technologies in a report on Tuesday, July 9th.

ESCO Technologies Trading Down 0.3 %

ESE stock opened at $125.01 on Friday. ESCO Technologies Inc. has a 12-month low of $94.59 and a 12-month high of $127.01. The business’s 50-day moving average is $118.80 and its 200 day moving average is $109.69. The company has a current ratio of 2.10, a quick ratio of 1.39 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 32.81 and a beta of 1.08.

ESCO Technologies (NYSE:ESE) last issued its quarterly earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.03). ESCO Technologies had a return on equity of 8.82% and a net margin of 9.95%. The firm had revenue of $260.78 million during the quarter. On average, sell-side analysts anticipate that ESCO Technologies Inc. will post 4.15 EPS for the current fiscal year.

ESCO Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Wednesday, October 2nd will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Wednesday, October 2nd. ESCO Technologies’s dividend payout ratio (DPR) is 8.40%.

ESCO Technologies Company Profile

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines.