Esco Technologies Inc. (NYSE:ESE) declared a quarterly dividend on Wednesday, August 3rd. Shareholders of record on Monday, October 3rd will be given a dividend of 0.08 per share on Monday, October 17th. This represents a $0.32 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, September 29th.
Esco Technologies (NYSE:ESE) opened at 45.95 on Wednesday. The firm has a 50-day moving average price of $45.34 and a 200 day moving average price of $41.25. Esco Technologies has a 52-week low of $31.50 and a 52-week high of $47.39. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 28.35 and a beta of 1.26.
Esco Technologies (NYSE:ESE) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.06. The firm had revenue of $140.20 million for the quarter, compared to analyst estimates of $145.57 million. Esco Technologies had a net margin of 7.42% and a return on equity of 8.10%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts predict that Esco Technologies will post $2.00 EPS for the current year.
In other news, Director Larry W. Solley sold 4,500 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $43.40, for a total transaction of $195,300.00. Following the transaction, the director now directly owns 25,150 shares in the company, valued at approximately $1,091,510. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System boosted its position in Esco Technologies by 1.5% in the second quarter. Arizona State Retirement System now owns 13,353 shares of the company’s stock valued at $533,000 after buying an additional 200 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Esco Technologies by 2.8% in the second quarter. Parametric Portfolio Associates LLC now owns 59,844 shares of the company’s stock valued at $2,390,000 after buying an additional 1,614 shares in the last quarter. State Street Corp boosted its position in Esco Technologies by 0.4% in the second quarter. State Street Corp now owns 518,300 shares of the company’s stock valued at $20,700,000 after buying an additional 2,147 shares in the last quarter. Teachers Advisors Inc. boosted its position in Esco Technologies by 1.6% in the second quarter. Teachers Advisors Inc. now owns 41,737 shares of the company’s stock valued at $1,667,000 after buying an additional 657 shares in the last quarter. Finally, Crawford Investment Counsel Inc. bought a new position in Esco Technologies during the second quarter valued at approximately $619,000. Institutional investors and hedge funds own 94.39% of the company’s stock.
ESE has been the topic of several research analyst reports. Zacks Investment Research cut shares of Esco Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 4th. Canaccord Genuity reiterated a “hold” rating and set a $40.00 price objective on shares of Esco Technologies in a research report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Esco Technologies currently has a consensus rating of “Hold” and a consensus price target of $42.67.
About Esco Technologies
ESCO Technologies Inc is engaged in the production of engineered products and systems. The Company’s products are sold around the world for utility, industrial, aerospace and commercial applications. It conducts its business in three segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test) and Utility Solutions Group (USG).
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