Rhumbline Advisers raised its position in shares of ESCO Technologies Inc. (NYSE:ESE) by 15.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,527 shares of the scientific and technical instruments company’s stock after buying an additional 8,771 shares during the quarter. Rhumbline Advisers owned 0.25% of ESCO Technologies worth $3,948,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Regal Wealth Group Inc. purchased a new stake in ESCO Technologies during the fourth quarter valued at about $167,000. Royal Bank of Canada lifted its position in shares of ESCO Technologies by 332.1% in the second 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 in the last quarter. Citadel Advisors LLC purchased a new stake in shares of ESCO Technologies in the third quarter worth approximately $201,000. Parametrica Management Ltd purchased a new stake in shares of ESCO Technologies in the fourth quarter worth approximately $318,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of ESCO Technologies in the third quarter worth approximately $427,000. 95.50% of the stock is owned by institutional investors.
In related news, Director Larry W. Solley sold 4,288 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $61.90, for a total value of $265,427.20. Following the transaction, the director now owns 24,750 shares in the company, valued at $1,532,025. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Alyson S. Barclay sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $62.00, for a total value of $310,000.00. Following the completion of the transaction, the senior vice president now owns 101,658 shares in the company, valued at approximately $6,302,796. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
Shares of ESCO Technologies Inc. (ESE) opened at $62.05 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 2.10 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1,611.43, a P/E ratio of 20.75 and a beta of 0.97. ESCO Technologies Inc. has a 52-week low of $50.30 and a 52-week high of $66.80.
ESCO Technologies (NYSE:ESE) last posted its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. The business had revenue of $173.50 million during the quarter, compared to analyst estimates of $168.53 million. ESCO Technologies had a net margin of 10.89% and a return on equity of 8.20%. The firm’s revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. research analysts anticipate that ESCO Technologies Inc. will post 2.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Tuesday, April 3rd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, April 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.52%. ESCO Technologies’s dividend payout ratio is currently 10.70%.
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About ESCO Technologies
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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