Victory Capital Management Inc. Sells 8,801 Shares of ESCO Technologies Inc. (NYSE:ESE)

Victory Capital Management Inc. cut its holdings in shares of ESCO Technologies Inc. (NYSE:ESE – Get Rating) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 211,750 shares of the scientific and technical instruments company’s stock after selling 8,801 shares during the period. Victory Capital Management Inc. owned about 0.82% of ESCO Technologies worth $18,636,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ESE. Vanguard Group Inc. raised its stake in ESCO Technologies by 4.6% during the first quarter. Vanguard Group Inc. now owns 2,807,384 shares of the scientific and technical instruments company’s stock worth $196,292,000 after acquiring an additional 122,558 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of ESCO Technologies by 3.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,747,370 shares of the scientific and technical instruments company’s stock valued at $187,838,000 after acquiring an additional 91,085 shares during the last quarter. State Street Corp grew its position in ESCO Technologies by 4.9% during the 2nd quarter. State Street Corp now owns 988,280 shares of the scientific and technical instruments company’s stock worth $67,569,000 after acquiring an additional 45,985 shares during the last quarter. Invesco Ltd. raised its position in ESCO Technologies by 9.2% in the first quarter. Invesco Ltd. now owns 448,261 shares of the scientific and technical instruments company’s stock valued at $31,343,000 after purchasing an additional 37,788 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of ESCO Technologies in the third quarter valued at approximately $1,726,000. Institutional investors and hedge funds own 93.96% of the company’s stock.

ESCO Technologies Stock Down 0.1 %

Shares of NYSE:ESE opened at $94.92 on Tuesday. The business’s 50-day moving average is $93.61 and its 200-day moving average is $92.60. ESCO Technologies Inc. has a 1 year low of $61.43 and a 1 year high of $101.52. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 28.42 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.92 and a quick ratio of 1.29.

ESCO Technologies (NYSE:ESE – Get Rating) last released its quarterly earnings data on Tuesday, May 9th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.05. ESCO Technologies had a net margin of 9.54% and a return on equity of 8.51%. The company had revenue of $229.10 million for the quarter, compared to analysts’ expectations of $225.35 million. During the same quarter in the prior year, the firm earned $0.65 EPS. The business’s revenue was up 11.8% on a year-over-year basis. Equities research analysts predict that ESCO Technologies Inc. will post 3.6 earnings per share for the current year.

ESCO Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 19th. Stockholders of record on Wednesday, July 5th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.34%. ESCO Technologies’s dividend payout ratio is presently 9.58%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of ESCO Technologies in a report on Thursday, May 18th. They set a “buy” rating on the stock.

ESCO Technologies Profile

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ESCO Technologies, Inc is a producer of engineered products and systems, which engages in the provision of utility, industrial, aerospace, and commercial applications. It operates through the Aerospace & Defense (A&D), RF Shielding and Test, and Utility Solutions Group (USG) segments. The A&D segment designs and manufactures specialty filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications, unique filter mechanisms used in micro-propulsion devices for satellites, custom designed filters for manned aircraft and submarines, products and systems to reduce vibration and/or acoustic signatures and otherwise reduce or obscure a vessel’s signature, and other communications, sealing, surface control and hydrodynamic related applications to enhance U.S.