Central Pacific Bank Trust Division Takes Position in ESCO Technologies Inc. (NYSE:ESE)

Central Pacific Bank Trust Division purchased a new stake in shares of ESCO Technologies Inc. (NYSE:ESEFree Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,220 shares of the scientific and technical instruments company’s stock, valued at approximately $126,000.

A number of other large investors have also made changes to their positions in the company. Conestoga Capital Advisors LLC raised its holdings in shares of ESCO Technologies by 0.3% during the first quarter. Conestoga Capital Advisors LLC now owns 1,025,919 shares of the scientific and technical instruments company’s stock valued at $109,825,000 after acquiring an additional 2,976 shares during the period. Commerce Bank purchased a new position in ESCO Technologies during the fourth quarter valued at approximately $33,226,000. Charles Schwab Investment Management Inc. grew its position in ESCO Technologies by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 273,716 shares of the scientific and technical instruments company’s stock valued at $32,033,000 after purchasing an additional 4,248 shares in the last quarter. Public Employees Retirement Association of Colorado grew 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 purchasing an additional 208,843 shares in the last quarter. Finally, Norges Bank purchased a new position in ESCO Technologies during the fourth quarter valued at approximately $20,328,000. Institutional investors and hedge funds own 95.70% of the company’s stock.

ESCO Technologies Stock Performance

Shares of ESE opened at $109.43 on Thursday. The company’s 50 day moving average price is $106.64 and its 200 day moving average price is $104.66. ESCO Technologies Inc. has a 52 week low of $94.59 and a 52 week high of $118.60. The company has a market capitalization of $2.82 billion, a PE ratio of 28.72 and a beta of 1.10. 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 posted its earnings results on Thursday, May 9th. The scientific and technical instruments company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. The company had revenue of $249.10 million during the quarter, compared to the consensus estimate of $241.15 million. ESCO Technologies had a net margin of 9.94% and a return on equity of 8.83%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. Research analysts expect that ESCO Technologies Inc. will post 4.22 EPS for the current fiscal year.

ESCO Technologies Announces Dividend

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

Analyst Ratings Changes

Separately, Stephens reaffirmed an “overweight” rating and set a $125.00 price objective on shares of ESCO Technologies in a research report on Tuesday.

Get Our Latest Report on ESCO Technologies

ESCO Technologies Profile

(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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Institutional Ownership by Quarter for ESCO Technologies (NYSE:ESE)

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