Panagora Asset Management Inc. Increases Position in ESCO Technologies Inc. (NYSE:ESE)

Panagora Asset Management Inc. raised its holdings in shares of ESCO Technologies Inc. (NYSE:ESE) by 290.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,001 shares of the scientific and technical instruments company’s stock after buying an additional 10,413 shares during the period. Panagora Asset Management Inc. owned about 0.05% of ESCO Technologies worth $1,157,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Conestoga Capital Advisors LLC boosted its position in shares of ESCO Technologies by 2.9% during the second quarter. Conestoga Capital Advisors LLC now owns 1,178,487 shares of the scientific and technical instruments company’s stock valued at $97,367,000 after buying an additional 33,098 shares during the period. William Blair Investment Management LLC raised its stake in shares of ESCO Technologies by 16.0% during the first quarter. William Blair Investment Management LLC now owns 417,689 shares of the scientific and technical instruments company’s stock valued at $27,998,000 after acquiring an additional 57,742 shares in the last quarter. FMR LLC raised its stake in shares of ESCO Technologies by 176,918.9% during the first quarter. FMR LLC now owns 364,659 shares of the scientific and technical instruments company’s stock valued at $24,443,000 after acquiring an additional 364,453 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of ESCO Technologies by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 273,006 shares of the scientific and technical instruments company’s stock valued at $18,004,000 after acquiring an additional 21,991 shares in the last quarter. Finally, Crawford Investment Counsel Inc. raised its stake in shares of ESCO Technologies by 1.8% during the first quarter. Crawford Investment Counsel Inc. now owns 203,579 shares of the scientific and technical instruments company’s stock valued at $13,646,000 after acquiring an additional 3,605 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.

Several analysts have recently weighed in on the stock. Stephens assumed coverage on shares of ESCO Technologies in a research note on Monday, July 8th. They set an “equal weight” rating for the company. ValuEngine raised shares of ESCO Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $74.00.

Shares of ESCO Technologies stock traded down $0.11 on Thursday, hitting $80.81. 3,399 shares of the company traded hands, compared to its average volume of 108,352. The stock’s 50 day moving average price is $77.93 and its 200-day moving average price is $74.68. The company has a current ratio of 2.25, a quick ratio of 1.62 and a debt-to-equity ratio of 0.24. ESCO Technologies Inc. has a 52 week low of $59.00 and a 52 week high of $85.86. The company has a market cap of $2.10 billion, a PE ratio of 29.19 and a beta of 1.11.

ESCO Technologies (NYSE:ESE) last issued its quarterly earnings data on Thursday, August 8th. The scientific and technical instruments company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. The company had revenue of $199.80 million during the quarter, compared to the consensus estimate of $210.60 million. ESCO Technologies had a net margin of 10.48% and a return on equity of 10.84%. ESCO Technologies’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 earnings per share. As a group, research analysts anticipate that ESCO Technologies Inc. will post 3.08 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, October 3rd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Wednesday, October 2nd. ESCO Technologies’s dividend payout ratio (DPR) is 11.55%.

ESCO Technologies Company Profile

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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Institutional Ownership by Quarter for ESCO Technologies (NYSE:ESE)

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