Great West Life Assurance Co. Can Raises Stake in ESCO Technologies Inc. (ESE)

Great West Life Assurance Co. Can boosted its position in shares of ESCO Technologies Inc. (NYSE:ESE) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,245 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,535 shares during the period. Great West Life Assurance Co. Can owned 0.13% of ESCO Technologies worth $2,084,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of ESCO Technologies by 1.0% in the 4th quarter. BlackRock Inc. now owns 3,799,196 shares of the scientific and technical instruments company’s stock valued at $250,556,000 after purchasing an additional 37,170 shares during the last quarter. Vanguard Group Inc. lifted its position in 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 worth $167,889,000 after acquiring an additional 37,564 shares during the last quarter. Vanguard Group Inc lifted its position in 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 worth $167,889,000 after acquiring an additional 37,564 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in ESCO Technologies by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,838,466 shares of the scientific and technical instruments company’s stock worth $125,107,000 after acquiring an additional 6,483 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted its position in ESCO Technologies by 4.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,136,448 shares of the scientific and technical instruments company’s stock worth $74,949,000 after acquiring an additional 50,302 shares during the last quarter. Hedge funds and other institutional investors own 95.12% of the company’s stock.

A number of research analysts have weighed in on ESE shares. ValuEngine lowered shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Zacks Investment Research downgraded shares of ESCO Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $73.75.

In other ESCO Technologies news, Director Larry W. Solley sold 4,177 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $69.36, for a total value of $289,716.72. Following the transaction, the director now directly owns 23,350 shares in the company, valued at $1,619,556. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.50% of the stock is owned by insiders.

Shares of NYSE:ESE traded down $0.23 on Monday, hitting $72.08. 35,195 shares of the company were exchanged, compared to its average volume of 103,088. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 26.02 and a beta of 0.95. ESCO Technologies Inc. has a one year low of $54.35 and a one year high of $72.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.50 and a current ratio of 2.12.

ESCO Technologies (NYSE:ESE) last posted its earnings results on Thursday, February 7th. The scientific and technical instruments company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.04. The business had revenue of $183.00 million for the quarter, compared to analysts’ expectations of $173.76 million. ESCO Technologies had a net margin of 9.58% and a return on equity of 10.18%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Equities analysts predict that ESCO Technologies Inc. will post 3 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Wednesday, April 3rd will be given a $0.08 dividend. The ex-dividend date is Tuesday, April 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.44%. ESCO Technologies’s dividend payout ratio (DPR) is presently 11.55%.

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ESCO Technologies 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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