Point72 Asset Management L.P. Has $221,000 Position in ESCO Technologies Inc. (NYSE:ESE)

Point72 Asset Management L.P. trimmed its position in ESCO Technologies Inc. (NYSE:ESE) by 38.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,100 shares of the scientific and technical instruments company’s stock after selling 1,300 shares during the quarter. Point72 Asset Management L.P.’s holdings in ESCO Technologies were worth $221,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ESE. Moody National Bank Trust Division raised its holdings in ESCO Technologies by 4.4% in the 2nd quarter. Moody National Bank Trust Division now owns 2,827 shares of the scientific and technical instruments company’s stock valued at $297,000 after buying an additional 120 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of ESCO Technologies by 1.8% during the second quarter. Arizona State Retirement System now owns 7,222 shares of the scientific and technical instruments company’s stock worth $759,000 after purchasing an additional 130 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of ESCO Technologies by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 13,000 shares of the scientific and technical instruments company’s stock worth $1,366,000 after purchasing an additional 200 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in ESCO Technologies by 2.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,918 shares of the scientific and technical instruments company’s stock valued at $1,383,000 after purchasing an additional 287 shares during the period. Finally, Texas Permanent School Fund Corp raised its position in ESCO Technologies by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 22,578 shares of the scientific and technical instruments company’s stock worth $2,417,000 after purchasing an additional 305 shares during the last quarter. Institutional investors own 95.70% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens increased their price target on ESCO Technologies from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, September 27th.

ESCO Technologies Stock Performance

Shares of ESE opened at $124.94 on Friday. The firm has a market capitalization of $3.22 billion, a P/E ratio of 32.79 and a beta of 1.08. ESCO Technologies Inc. has a 52 week low of $94.59 and a 52 week high of $130.89. The stock has a 50 day moving average price of $119.99 and a two-hundred day moving average price of $111.61. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.39 and a current ratio of 2.10.

ESCO Technologies (NYSE:ESE) last issued its quarterly earnings data on Wednesday, August 7th. The scientific and technical instruments company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.03). The company had revenue of $260.78 million for the quarter. ESCO Technologies had a net margin of 9.95% and a return on equity of 8.82%. Equities analysts forecast that ESCO Technologies Inc. will post 4.15 earnings per share for the current fiscal year.

ESCO Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.26%. The ex-dividend date is Wednesday, October 2nd. ESCO Technologies’s dividend payout ratio (DPR) is 8.40%.

ESCO Technologies 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.