Insider Selling: ESCO Technologies Inc. (NYSE:ESE) CFO Sells 2,593 Shares of Stock

ESCO Technologies Inc. (NYSE:ESE) CFO Gary E. Muenster sold 2,593 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $74.00, for a total value of $191,882.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Gary E. Muenster also recently made the following trade(s):

  • On Monday, May 20th, Gary E. Muenster sold 3,504 shares of ESCO Technologies stock. The stock was sold at an average price of $72.00, for a total transaction of $252,288.00.
  • On Monday, May 20th, Gary E. Muenster sold 6,097 shares of ESCO Technologies stock. The stock was sold at an average price of $72.85, for a total transaction of $444,166.45.

Shares of ESE traded down $0.93 during mid-day trading on Friday, hitting $75.29. 38,994 shares of the company’s stock were exchanged, compared to its average volume of 93,164. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.54 and a current ratio of 2.16. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 27.18 and a beta of 1.01. ESCO Technologies Inc. has a fifty-two week low of $56.65 and a fifty-two week high of $78.32.

ESCO Technologies (NYSE:ESE) last issued its earnings results on Tuesday, May 7th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.14. ESCO Technologies had a net margin of 10.45% and a return on equity of 10.86%. The company had revenue of $193.95 million during the quarter, compared to analysts’ expectations of $192.60 million. During the same period last year, the company posted $0.48 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts forecast that ESCO Technologies Inc. will post 3.08 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.43%. ESCO Technologies’s dividend payout ratio (DPR) is presently 11.55%.

Several institutional investors and hedge funds have recently made changes to their positions in ESE. Bank of New York Mellon Corp increased its position in shares of ESCO Technologies by 3.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 339,441 shares of the scientific and technical instruments company’s stock worth $23,099,000 after purchasing an additional 11,867 shares during the last quarter. Teachers Advisors LLC grew its position in shares of ESCO Technologies by 3.2% during the 3rd quarter. Teachers Advisors LLC now owns 51,460 shares of the scientific and technical instruments company’s stock valued at $3,502,000 after buying an additional 1,588 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in shares of ESCO Technologies by 12.3% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 86,972 shares of the scientific and technical instruments company’s stock valued at $5,918,000 after buying an additional 9,526 shares during the last quarter. Morgan Stanley grew its position in shares of ESCO Technologies by 86.6% during the 3rd quarter. Morgan Stanley now owns 125,705 shares of the scientific and technical instruments company’s stock valued at $8,554,000 after buying an additional 58,356 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of ESCO Technologies by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,467,138 shares of the scientific and technical instruments company’s stock valued at $167,889,000 after buying an additional 37,564 shares during the last quarter. Institutional investors own 94.06% of the company’s stock.

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About ESCO Technologies

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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