ESCO Technologies Inc. (NYSE:ESE) Short Interest Up 12.0% in May

ESCO Technologies Inc. (NYSE:ESEGet Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 333,200 shares, a growth of 12.0% from the April 30th total of 297,500 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average trading volume of 141,100 shares, the short-interest ratio is presently 2.4 days.

Insiders Place Their Bets

In other ESCO Technologies news, Director Leon J. Olivier sold 900 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $100.26, for a total value of $90,234.00. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On ESCO Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of ESE. Commerce Bank purchased a new stake in ESCO Technologies during the fourth quarter valued at approximately $33,226,000. Public Employees Retirement Association of Colorado lifted its position in ESCO Technologies by 5,817.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 212,433 shares of the scientific and technical instruments company’s stock valued at $24,861,000 after acquiring an additional 208,843 shares during the last quarter. Norges Bank purchased a new position in shares of ESCO Technologies in the fourth quarter worth $20,328,000. Tributary Capital Management LLC purchased a new position in shares of ESCO Technologies in the first quarter worth $12,377,000. Finally, Comerica Bank purchased a new position in shares of ESCO Technologies in the third quarter worth $9,239,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, downgraded shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th.

View Our Latest Stock Analysis on ESE

ESCO Technologies Price Performance

Shares of ESE opened at $109.13 on Monday. The company has a 50 day moving average price of $105.38 and a 200-day moving average price of $105.15. ESCO Technologies has a fifty-two week low of $89.77 and a fifty-two week high of $118.60. The stock has a market capitalization of $2.81 billion, a PE ratio of 28.64 and a beta of 1.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.42 and a current ratio of 2.15.

ESCO Technologies (NYSE:ESEGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The scientific and technical instruments company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. ESCO Technologies had a net margin of 9.94% and a return on equity of 8.83%. The firm had revenue of $249.10 million during the quarter, compared to analysts’ expectations of $241.15 million. During the same quarter in the prior year, the company earned $0.76 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. Equities analysts predict that ESCO Technologies will post 4.2 earnings per share for the current fiscal year.

ESCO Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.29%. ESCO Technologies’s payout ratio is 8.40%.

ESCO Technologies Company Profile

(Get Free Report)

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.

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