ESCO Technologies Inc. (NYSE:ESE) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,529 shares of the scientific and technical instruments company’s stock after purchasing an additional 302 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in ESCO Technologies were worth $1,349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Operose Advisors LLC purchased a new stake in shares of ESCO Technologies during the 3rd quarter valued at approximately $30,000. Point72 Middle East FZE purchased a new stake in shares of ESCO Technologies during the 4th quarter valued at approximately $45,000. Lazard Asset Management LLC purchased a new stake in shares of ESCO Technologies during the 3rd quarter valued at approximately $56,000. Altshuler Shaham Ltd purchased a new stake in shares of ESCO Technologies during the 4th quarter valued at approximately $51,000. Finally, State of Wyoming raised its position in shares of ESCO Technologies by 25.6% during the 2nd quarter. State of Wyoming now owns 917 shares of the scientific and technical instruments company’s stock valued at $95,000 after buying an additional 187 shares during the period. 95.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ESCO Technologies

In other ESCO Technologies news, Director Leon J. Olivier sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $100.26, for a total value of $90,234.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.80% of the stock is owned by corporate insiders.

ESCO Technologies Stock Up 2.3 %

Shares of NYSE ESE opened at $100.92 on Monday. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 28.03 and a beta of 1.15. The company has a quick ratio of 1.31, a current ratio of 1.98 and a debt-to-equity ratio of 0.13. ESCO Technologies Inc. has a 52-week low of $89.77 and a 52-week high of $118.60. The business’s 50 day moving average is $101.89 and its two-hundred day moving average is $103.87.

ESCO Technologies (NYSE:ESE) last announced its earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The firm had revenue of $218.30 million during the quarter, compared to analysts’ expectations of $221.44 million. ESCO Technologies had a net margin of 9.60% and a return on equity of 8.59%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 EPS. Research analysts predict that ESCO Technologies Inc. will post 4.2 EPS for the current year.

ESCO Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Monday, April 1st were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Thursday, March 28th. ESCO Technologies’s payout ratio is 8.89%.

Wall Street Analyst Weigh In

ESE has been the topic of several analyst reports. Sidoti lowered shares of ESCO Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, January 5th. StockNews.com lowered shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th.

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.