Deutsche Bank AG Has $3.42 Million Position in ESCO Technologies Inc. (NYSE:ESE)

Deutsche Bank AG boosted its holdings in ESCO Technologies Inc. (NYSE:ESE) by 70.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,692 shares of the scientific and technical instruments company’s stock after purchasing an additional 10,639 shares during the quarter. Deutsche Bank AG owned about 0.10% of ESCO Technologies worth $3,422,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Mather Group LLC. acquired a new stake in ESCO Technologies in the 4th quarter valued at $30,000. Jones Financial Companies Lllp boosted its holdings in ESCO Technologies by 747.1% during the 4th quarter. Jones Financial Companies Lllp now owns 288 shares of the scientific and technical instruments company’s stock worth $38,000 after acquiring an additional 254 shares during the last quarter. Huntington National Bank boosted its holdings in ESCO Technologies by 150.0% during the 4th quarter. Huntington National Bank now owns 305 shares of the scientific and technical instruments company’s stock worth $41,000 after acquiring an additional 183 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in ESCO Technologies by 627.1% during the 4th quarter. Sterling Capital Management LLC now owns 429 shares of the scientific and technical instruments company’s stock worth $57,000 after acquiring an additional 370 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in ESCO Technologies by 378.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 565 shares of the scientific and technical instruments company’s stock worth $75,000 after acquiring an additional 447 shares during the last quarter. Institutional investors and hedge funds own 95.70% of the company’s stock.

ESCO Technologies Trading Down 1.3%

NYSE ESE opened at $180.89 on Wednesday. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 42.46 and a beta of 1.19. ESCO Technologies Inc. has a one year low of $101.42 and a one year high of $185.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.35. The business’s fifty day moving average is $159.86 and its 200-day moving average is $149.76.

ESCO Technologies (NYSE:ESE) last released its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.10. The company had revenue of $265.52 million for the quarter, compared to analysts’ expectations of $264.96 million. ESCO Technologies had a return on equity of 9.91% and a net margin of 10.44%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 EPS. Equities research analysts predict that ESCO Technologies Inc. will post 5.65 EPS for the current year.

ESCO Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Wednesday, July 2nd. ESCO Technologies’s payout ratio is presently 7.02%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ESE. StockNews.com downgraded shares of ESCO Technologies from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Stephens reaffirmed an “overweight” rating and set a $175.00 price objective on shares of ESCO Technologies in a report on Thursday, February 27th. Finally, Benchmark lifted their target price on ESCO Technologies from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, May 9th.

About ESCO Technologies

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.