ESCO Technologies Inc. (ESE) Shares Sold by Barclays PLC

Barclays PLC lowered its position in shares of ESCO Technologies Inc. (NYSE:ESE) by 60.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,414 shares of the scientific and technical instruments company’s stock after selling 17,194 shares during the quarter. Barclays PLC’s holdings in ESCO Technologies were worth $753,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of ESE. Advisors Asset Management Inc. acquired a new position in shares of ESCO Technologies in the 4th quarter valued at approximately $40,000. LS Investment Advisors LLC grew its stake in ESCO Technologies by 112.1% during the 4th quarter. LS Investment Advisors LLC now owns 1,661 shares of the scientific and technical instruments company’s stock worth $110,000 after buying an additional 878 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in ESCO Technologies by 9.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,048 shares of the scientific and technical instruments company’s stock worth $202,000 after buying an additional 272 shares during the last quarter. Sawgrass Asset Management LLC bought a new position in ESCO Technologies during the 4th quarter worth $261,000. Finally, Magnus Financial Group LLC bought a new position in ESCO Technologies during the 4th quarter worth $267,000. Institutional investors and hedge funds own 95.12% of the company’s stock.

In other news, Director Larry W. Solley sold 4,177 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $69.36, for a total transaction of $289,716.72. Following the completion of the sale, the director now directly owns 23,350 shares of the company’s stock, valued at $1,619,556. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.

ESE has been the subject of a number of recent research reports. Zacks Investment Research upgraded ESCO Technologies from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. ValuEngine cut ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $73.75.

Shares of NYSE:ESE traded up $0.51 on Friday, hitting $72.96. The company’s stock had a trading volume of 38,090 shares, compared to its average volume of 87,296. ESCO Technologies Inc. has a 12 month low of $54.35 and a 12 month high of $73.00. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 26.34 and a beta of 0.95. 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 announced its earnings results on Thursday, February 7th. The scientific and technical instruments company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.04. ESCO Technologies had a return on equity of 10.18% and a net margin of 9.58%. The business had revenue of $183.00 million during the quarter, compared to analysts’ expectations of $173.76 million. During the same quarter last year, the business posted $0.33 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. On average, equities research analysts predict that ESCO Technologies Inc. will post 3 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Wednesday, April 3rd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Tuesday, April 2nd. ESCO Technologies’s dividend payout ratio is 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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