O Shaughnessy Asset Management LLC grew its holdings in ESCO Technologies Inc. (NYSE:ESE) by 199.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,594 shares of the scientific and technical instruments company’s stock after acquiring an additional 9,049 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.05% of ESCO Technologies worth $908,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC lifted its position in ESCO Technologies by 212.7% during the first quarter. Parallel Advisors LLC now owns 444 shares of the scientific and technical instruments company’s stock worth $30,000 after purchasing an additional 302 shares during the period. Quadrant Capital Group LLC lifted its position in ESCO Technologies by 384.4% during the first quarter. Quadrant Capital Group LLC now owns 465 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 369 shares during the period. Bronfman E.L. Rothschild L.P. lifted its position in ESCO Technologies by 727.6% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 480 shares of the scientific and technical instruments company’s stock worth $32,000 after purchasing an additional 422 shares during the period. First Manhattan Co. lifted its position in ESCO Technologies by 150.0% during the first quarter. First Manhattan Co. now owns 500 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 300 shares during the period. Finally, Advisors Asset Management Inc. bought a new stake in ESCO Technologies during the fourth quarter worth about $40,000. 93.91% of the stock is owned by institutional investors.
In other ESCO Technologies news, CFO Gary E. Muenster sold 3,504 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $72.00, for a total transaction of $252,288.00. Following the completion of the transaction, the chief financial officer now owns 223,642 shares of the company’s stock, valued at $16,102,224. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Gary E. Muenster sold 3,903 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $72.90, for a total value of $284,528.70. Following the completion of the transaction, the insider now directly owns 223,642 shares of the company’s stock, valued at approximately $16,303,501.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,097 shares of company stock valued at $1,172,865. Insiders own 2.50% of the company’s stock.
ESE traded up $0.60 on Wednesday, hitting $77.59. 75,600 shares of the stock were exchanged, compared to its average volume of 92,683. The company has a quick ratio of 1.54, a current ratio of 2.16 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 28.01 and a beta of 1.01. ESCO Technologies Inc. has a 12 month low of $56.70 and a 12 month high of $78.87. The company has a 50-day moving average of $73.49.
ESCO Technologies (NYSE:ESE) last issued its earnings results on Tuesday, May 7th. The scientific and technical instruments company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.14. The firm had revenue of $193.95 million during the quarter, compared to the consensus estimate of $192.60 million. ESCO Technologies had a return on equity of 10.86% and a net margin of 10.45%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 earnings per share. On average, equities analysts expect that ESCO Technologies Inc. will post 3.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Wednesday, July 3rd. ESCO Technologies’s payout ratio is 11.55%.
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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