Louisiana State Employees Retirement System Sells 100 Shares of ESCO Technologies Inc. $ESE

Louisiana State Employees Retirement System cut its holdings in shares of ESCO Technologies Inc. (NYSE:ESE) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,100 shares of the scientific and technical instruments company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in ESCO Technologies were worth $2,322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in ESCO Technologies during the 1st quarter worth about $35,000. CX Institutional bought a new stake in shares of ESCO Technologies in the 1st quarter valued at about $36,000. TD Private Client Wealth LLC bought a new stake in shares of ESCO Technologies in the 1st quarter valued at about $38,000. Harbor Investment Advisory LLC bought a new stake in shares of ESCO Technologies in the 2nd quarter valued at about $38,000. Finally, Maseco LLP bought a new stake in shares of ESCO Technologies in the 2nd quarter valued at about $45,000. 95.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ESCO Technologies in a report on Wednesday. Wall Street Zen cut shares of ESCO Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $187.50.

ESCO Technologies Stock Down 0.2%

ESCO Technologies stock opened at $206.69 on Friday. The stock has a market cap of $5.34 billion, a P/E ratio of 46.55 and a beta of 1.23. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.38. ESCO Technologies Inc. has a twelve month low of $120.29 and a twelve month high of $220.32. The company’s 50-day moving average price is $202.24 and its two-hundred day moving average price is $184.58.

ESCO Technologies (NYSE:ESE) last released its quarterly earnings results on Thursday, August 7th. The scientific and technical instruments company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.05). The company had revenue of $296.34 million during the quarter, compared to the consensus estimate of $320.23 million. ESCO Technologies had a net margin of 10.37% and a return on equity of 11.19%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 earnings per share. ESCO Technologies has set its FY 2025 guidance at 5.750-5.900 EPS. Q4 2025 guidance at 2.040-2.190 EPS. As a group, analysts expect that ESCO Technologies Inc. will post 5.65 EPS for the current year.

ESCO Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Thursday, October 2nd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, October 2nd. ESCO Technologies’s dividend payout ratio is currently 7.21%.

ESCO Technologies Profile

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines.