California Public Employees Retirement System lifted its position in ESCO Technologies Inc. (NYSE:ESE) by 5.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,045 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,426 shares during the period. California Public Employees Retirement System’s holdings in ESCO Technologies were worth $1,880,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC raised its position in shares of ESCO Technologies by 212.7% in the 1st quarter. Parallel Advisors LLC now owns 444 shares of the scientific and technical instruments company’s stock worth $30,000 after acquiring an additional 302 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of ESCO Technologies by 384.4% in the 1st quarter. Quadrant Capital Group LLC now owns 465 shares of the scientific and technical instruments company’s stock worth $29,000 after acquiring an additional 369 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of ESCO Technologies by 727.6% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 480 shares of the scientific and technical instruments company’s stock worth $32,000 after acquiring an additional 422 shares in the last quarter. First Manhattan Co. raised its position in shares of ESCO Technologies by 150.0% in the 1st quarter. First Manhattan Co. now owns 500 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 300 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new position in shares of ESCO Technologies in the 4th quarter worth approximately $40,000. 94.06% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Gary E. Muenster sold 3,903 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $72.90, for a total transaction of $284,528.70. Following the completion of the transaction, the insider now 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 can be accessed through this link. Also, insider Gary E. Muenster sold 6,097 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $72.85, for a total value of $444,166.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,097 shares of company stock valued at $1,172,865. 2.50% of the stock is owned by corporate insiders.

Shares of NYSE:ESE opened at $75.50 on Thursday. ESCO Technologies Inc. has a 52-week low of $56.65 and a 52-week high of $78.32. The company has a market capitalization of $1.94 billion, a PE ratio of 27.26 and a beta of 1.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.16 and a quick ratio of 1.54.

ESCO Technologies (NYSE:ESE) last posted 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. ESCO Technologies had a return on equity of 10.86% and a net margin of 10.45%. The company had revenue of $193.95 million during the quarter, compared to analyst estimates of $192.60 million. During the same quarter last year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts forecast that ESCO Technologies Inc. will post 3.08 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Wednesday, July 3rd. 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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