ESCO Technologies (NYSE:ESE) Now Covered by Analysts at Stephens

Share on StockTwits

Stephens began coverage on shares of ESCO Technologies (NYSE:ESE) in a report published on Monday morning, 24/7 WallStreet reports. The brokerage issued an equal weight rating on the scientific and technical instruments company’s stock.

ESCO Technologies stock traded down $0.76 during mid-day trading on Monday, hitting $81.08. 2,163 shares of the company’s stock traded hands, compared to its average volume of 101,282. The company has a 50 day moving average of $75.93. ESCO Technologies has a fifty-two week low of $59.00 and a fifty-two week high of $84.21. The stock has a market capitalization of $2.14 billion, a PE ratio of 29.23 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.

ESCO Technologies (NYSE:ESE) last announced its quarterly earnings results on Tuesday, May 7th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $193.95 million during the quarter, compared to the consensus estimate of $192.60 million. During the same quarter last year, the firm posted $0.48 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts forecast that ESCO Technologies will post 3.08 EPS for the current year.

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

In other ESCO Technologies news, insider Gary E. Muenster sold 3,903 shares of the firm’s stock in a transaction 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 sale, the insider now owns 223,642 shares of the company’s stock, valued at approximately $16,303,501.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 16,097 shares of company stock valued at $1,172,865 in the last ninety days. Insiders own 2.50% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of ESE. First Trust Advisors LP grew its position in shares of ESCO Technologies by 89.1% in the fourth quarter. First Trust Advisors LP now owns 57,001 shares of the scientific and technical instruments company’s stock valued at $3,759,000 after purchasing an additional 26,859 shares during the last quarter. BlackRock Inc. grew its position in shares of ESCO Technologies by 1.0% in the fourth quarter. BlackRock Inc. now owns 3,799,196 shares of the scientific and technical instruments company’s stock valued at $250,556,000 after purchasing an additional 37,170 shares during the last quarter. Texas Permanent School Fund grew its position in shares of ESCO Technologies by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 16,956 shares of the scientific and technical instruments company’s stock valued at $1,118,000 after purchasing an additional 653 shares during the last quarter. Citigroup Inc. grew its position in shares of ESCO Technologies by 366.6% in the fourth quarter. Citigroup Inc. now owns 16,084 shares of the scientific and technical instruments company’s stock valued at $1,061,000 after purchasing an additional 12,637 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of ESCO Technologies by 0.4% in the fourth quarter. Northern Trust Corp now owns 487,626 shares of the scientific and technical instruments company’s stock valued at $32,159,000 after purchasing an additional 1,730 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

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.

Featured Article: Short Selling Stocks and Day Traders

Receive News & Ratings for ESCO Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ESCO Technologies and related companies with MarketBeat.com's FREE daily email newsletter.