Envestnet Asset Management Inc. Purchases 7,558 Shares of ESCO Technologies Inc. (NYSE:ESE)

Envestnet Asset Management Inc. boosted its position in ESCO Technologies Inc. (NYSE:ESE) by 9.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,519 shares of the scientific and technical instruments company’s stock after acquiring an additional 7,558 shares during the quarter. Envestnet Asset Management Inc. owned 0.33% of ESCO Technologies worth $13,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in ESCO Technologies in the first quarter valued at $35,000. CX Institutional bought a new position in shares of ESCO Technologies during the first quarter valued at about $36,000. Huntington National Bank grew its stake in shares of ESCO Technologies by 150.0% during the fourth quarter. Huntington National Bank now owns 305 shares of the scientific and technical instruments company’s stock valued at $41,000 after buying an additional 183 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of ESCO Technologies by 627.1% during 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 buying an additional 370 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of ESCO Technologies by 88.1% during the first quarter. Blue Trust Inc. now owns 666 shares of the scientific and technical instruments company’s stock valued at $106,000 after buying an additional 312 shares during the last quarter. Institutional investors own 95.70% of the company’s stock.

ESCO Technologies Stock Down 0.8%

NYSE ESE opened at $196.01 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.05 and a quick ratio of 1.33. The stock has a market capitalization of $5.06 billion, a PE ratio of 42.98 and a beta of 1.21. ESCO Technologies Inc. has a 1 year low of $108.70 and a 1 year high of $198.34. The business’s 50-day moving average is $186.12 and its 200 day moving average is $163.11.

ESCO Technologies (NYSE:ESE) last posted its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 10.56% and a net margin of 11.01%. ESCO Technologies’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $1.09 earnings per share. Sell-side analysts forecast that ESCO Technologies Inc. will post 5.65 earnings per share for the current year.

ESCO Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, July 2nd were issued a $0.08 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $0.32 annualized dividend and a yield of 0.16%. ESCO Technologies’s dividend payout ratio (DPR) is presently 7.02%.

Wall Street Analysts Forecast Growth

ESE has been the topic of a number of recent research reports. Wall Street Zen cut ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Benchmark raised their price objective on ESCO Technologies from $190.00 to $200.00 and gave the company 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.