ESCO Technologies Inc. (ESE) Holdings Trimmed by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC decreased its position in shares of ESCO Technologies Inc. (NYSE:ESE) by 18.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,733 shares of the scientific and technical instruments company’s stock after selling 6,698 shares during the quarter. Rice Hall James & Associates LLC’s holdings in ESCO Technologies were worth $2,023,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC lifted its holdings in shares of ESCO Technologies by 14.4% during the third quarter. Conestoga Capital Advisors LLC now owns 1,086,146 shares of the scientific and technical instruments company’s stock worth $73,912,000 after purchasing an additional 137,016 shares during the period. United Services Automobile Association lifted its holdings in shares of ESCO Technologies by 17.3% during the second quarter. United Services Automobile Association now owns 238,837 shares of the scientific and technical instruments company’s stock worth $13,781,000 after purchasing an additional 35,210 shares during the period. Northern Trust Corp lifted its holdings in shares of ESCO Technologies by 0.8% during the second quarter. Northern Trust Corp now owns 491,749 shares of the scientific and technical instruments company’s stock worth $28,374,000 after purchasing an additional 3,996 shares during the period. GHP Investment Advisors Inc. lifted its holdings in shares of ESCO Technologies by 5.1% during the second quarter. GHP Investment Advisors Inc. now owns 56,759 shares of the scientific and technical instruments company’s stock worth $3,275,000 after purchasing an additional 2,765 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of ESCO Technologies by 8.0% during the second quarter. California Public Employees Retirement System now owns 31,265 shares of the scientific and technical instruments company’s stock worth $1,804,000 after purchasing an additional 2,313 shares during the period. 94.93% of the stock is owned by hedge funds and other institutional investors.

ESCO Technologies stock opened at $60.86 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.05 and a quick ratio of 1.32. ESCO Technologies Inc. has a 52 week low of $51.55 and a 52 week high of $70.20. The stock has a market cap of $1.58 billion, a P/E ratio of 26.12 and a beta of 0.97.



ESCO Technologies (NYSE:ESE) last announced its quarterly earnings results on Tuesday, August 7th. The scientific and technical instruments company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. The company had revenue of $192.22 million during the quarter, compared to analysts’ expectations of $205.99 million. ESCO Technologies had a return on equity of 8.76% and a net margin of 11.09%. On average, equities analysts anticipate that ESCO Technologies Inc. will post 2.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 17th. Investors of record on Wednesday, October 3rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.53%. The ex-dividend date was Tuesday, October 2nd.

A number of research firms recently commented on ESE. Stephens set a $67.00 target price on ESCO Technologies and gave the stock a “hold” rating in a report on Sunday, August 19th. Zacks Investment Research raised ESCO Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 10th. B. Riley set a $80.00 target price on ESCO Technologies and gave the stock a “buy” rating in a report on Wednesday, August 8th. Finally, ValuEngine raised ESCO Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $73.67.

About ESCO Technologies

ESCO Technologies Inc, through its subsidiaries, produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial applications worldwide. The company's Filtration segment supplies filtration and fluid control products, including filter elements, manifolds, assemblies, modules, indicators, custom and standard valves, filters, regulators, actuators, and other related components; and elastomeric-based signature reduction solutions.

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

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