SG Americas Securities LLC Decreases Position in ESCO Technologies Inc. (ESE)
SG Americas Securities LLC trimmed its position in ESCO Technologies Inc. (NYSE:ESE) by 10.8% in the fourth quarter, HoldingsChannel reports. The firm owned 20,708 shares of the scientific and technical instruments company’s stock after selling 2,516 shares during the quarter. SG Americas Securities LLC’s holdings in ESCO Technologies were worth $1,248,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Conestoga Capital Advisors LLC grew its stake in ESCO Technologies by 24.1% in the fourth quarter. Conestoga Capital Advisors LLC now owns 913,579 shares of the scientific and technical instruments company’s stock worth $55,043,000 after purchasing an additional 177,474 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in ESCO Technologies by 5.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 171,088 shares of the scientific and technical instruments company’s stock worth $10,309,000 after acquiring an additional 9,432 shares during the last quarter. California Public Employees Retirement System lifted its holdings in ESCO Technologies by 6.3% in the third quarter. California Public Employees Retirement System now owns 39,113 shares of the scientific and technical instruments company’s stock worth $2,345,000 after acquiring an additional 2,313 shares during the last quarter. Bamco Inc. NY lifted its holdings in ESCO Technologies by 113.5% in the third quarter. Bamco Inc. NY now owns 52,300 shares of the scientific and technical instruments company’s stock worth $3,135,000 after acquiring an additional 27,800 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in ESCO Technologies by 5.1% in the third quarter. Janus Henderson Group PLC now owns 783,565 shares of the scientific and technical instruments company’s stock worth $46,975,000 after acquiring an additional 37,812 shares during the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.
ESE has been the topic of a number of recent research reports. B. Riley reissued a “buy” rating on shares of ESCO Technologies in a report on Wednesday, November 1st. Needham & Company LLC raised shares of ESCO Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. Stephens set a $65.00 target price on shares of ESCO Technologies and gave the stock an “equal weight” rating in a report on Wednesday, December 6th. Finally, Zacks Investment Research cut shares of ESCO Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. ESCO Technologies currently has an average rating of “Buy” and an average price target of $68.75.
ESCO Technologies (NYSE:ESE) last issued its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.33. The firm had revenue of $173.50 million for the quarter, compared to analysts’ expectations of $168.53 million. ESCO Technologies had a net margin of 10.89% and a return on equity of 8.20%. ESCO Technologies’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share. equities analysts expect that ESCO Technologies Inc. will post 2.65 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, April 3rd will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, April 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.52%. ESCO Technologies’s dividend payout ratio (DPR) is presently 10.70%.
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ESCO Technologies Profile
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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