Sawgrass Asset Management LLC Boosts Stock Position in ESCO Technologies Inc. (NYSE:ESE)

Sawgrass Asset Management LLC boosted its holdings in shares of ESCO Technologies Inc. (NYSE:ESE) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,010 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,150 shares during the quarter. Sawgrass Asset Management LLC owned 0.06% of ESCO Technologies worth $1,323,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its position in ESCO Technologies by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,034 shares of the scientific and technical instruments company’s stock valued at $673,000 after buying an additional 181 shares in the last quarter. Mason Street Advisors LLC boosted its position in ESCO Technologies by 3.4% during the first quarter. Mason Street Advisors LLC now owns 8,324 shares of the scientific and technical instruments company’s stock worth $558,000 after purchasing an additional 277 shares in the last quarter. First Manhattan Co. boosted 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 in the last quarter. Parallel Advisors LLC boosted 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 in the last quarter. Finally, Piedmont Investment Advisors Inc. raised its holdings in shares of ESCO Technologies by 5.7% during the first quarter. Piedmont Investment Advisors Inc. now owns 6,510 shares of the scientific and technical instruments company’s stock valued at $436,000 after acquiring an additional 352 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

NYSE ESE traded down $1.74 during trading on Friday, reaching $81.04. 6,800 shares of the company’s stock were exchanged, compared to its average volume of 105,845. The firm has a market cap of $2.19 billion, a PE ratio of 29.22 and a beta of 1.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.54 and a current ratio of 2.16. The stock has a 50 day simple moving average of $80.96. ESCO Technologies Inc. has a 1 year low of $59.00 and a 1 year high of $85.86.

ESCO Technologies (NYSE:ESE) last announced its quarterly earnings data on Tuesday, May 7th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.14. The company had revenue of $193.95 million for the quarter, compared to analyst estimates of $192.60 million. ESCO Technologies had a return on equity of 10.86% and a net margin of 10.45%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 EPS. As a group, research analysts anticipate that ESCO Technologies Inc. will post 3.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were issued a $0.08 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $0.32 annualized dividend and a yield of 0.39%. ESCO Technologies’s dividend payout ratio (DPR) is presently 11.55%.

In other ESCO Technologies news, insider Gary E. Muenster sold 3,903 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Gary E. Muenster sold 2,593 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $74.00, for a total transaction of $191,882.00. The disclosure for this sale can be found here. Insiders sold a total of 16,097 shares of company stock valued at $1,172,865 over the last quarter. 2.50% of the stock is currently owned by insiders.

Separately, Stephens began coverage on ESCO Technologies in a report on Monday, July 8th. They issued an “equal weight” rating for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $73.75.

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

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