ESCO Technologies Inc. (NYSE:ESE) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in ESCO Technologies Inc. (NYSE:ESE) by 29.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,366 shares of the scientific and technical instruments company’s stock after selling 14,664 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.14% of ESCO Technologies worth $5,612,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ESE. Opal Wealth Advisors LLC acquired a new stake in ESCO Technologies in the first quarter worth about $35,000. CX Institutional bought a new stake in shares of ESCO Technologies during the 1st quarter worth about $36,000. Jones Financial Companies Lllp raised its position in shares of 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 buying an additional 254 shares in the last quarter. Huntington National Bank lifted its stake in shares of ESCO Technologies by 150.0% in 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 period. Finally, Sterling Capital Management LLC boosted its holdings in shares of ESCO Technologies by 627.1% in the fourth quarter. Sterling Capital Management LLC now owns 429 shares of the scientific and technical instruments company’s stock valued at $57,000 after acquiring an additional 370 shares in the last quarter. 95.70% of the stock is owned by institutional investors and hedge funds.

ESCO Technologies Stock Performance

Shares of ESE opened at $196.11 on Friday. The company has a market capitalization of $5.06 billion, a PE ratio of 43.01 and a beta of 1.21. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.33 and a current ratio of 2.05. The company’s 50 day moving average price is $180.42 and its 200 day moving average price is $159.29. ESCO Technologies Inc. has a 52 week low of $102.55 and a 52 week high of $196.13.

ESCO Technologies (NYSE:ESE) last announced its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.25 by $0.10. The business had revenue of $265.52 million during the quarter, compared to analysts’ expectations of $264.96 million. ESCO Technologies had a return on equity of 10.56% and a net margin of 11.01%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS. Research analysts expect that ESCO Technologies Inc. will post 5.65 EPS for the current fiscal year.

ESCO Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, July 2nd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend is Wednesday, July 2nd. ESCO Technologies’s dividend payout ratio (DPR) is presently 7.02%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Benchmark lifted their price target on ESCO Technologies from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Wall Street Zen cut ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Friday, March 21st.

ESCO Technologies Company 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.