Marco Investment Management LLC Buys Shares of 1,415 ESCO Technologies Inc. (NYSE:ESE)

Marco Investment Management LLC bought a new stake in ESCO Technologies Inc. (NYSE:ESE) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,415 shares of the scientific and technical instruments company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Alliancebernstein L.P. grew its stake in shares of ESCO Technologies by 1.3% in the 4th quarter. Alliancebernstein L.P. now owns 29,840 shares of the scientific and technical instruments company’s stock valued at $3,975,000 after purchasing an additional 384 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of ESCO Technologies by 4.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,047 shares of the scientific and technical instruments company’s stock valued at $326,000 after buying an additional 93 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of ESCO Technologies by 0.9% in the 1st quarter. New York State Teachers Retirement System now owns 11,617 shares of the scientific and technical instruments company’s stock valued at $1,848,000 after buying an additional 100 shares during the period. GAMMA Investing LLC lifted its holdings in shares of ESCO Technologies by 18.0% in the 1st quarter. GAMMA Investing LLC now owns 674 shares of the scientific and technical instruments company’s stock valued at $107,000 after buying an additional 103 shares during the period. Finally, CX Institutional acquired a new stake in shares of ESCO Technologies in the 1st quarter valued at approximately $36,000. 95.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Benchmark raised their price target on ESCO Technologies from $190.00 to $200.00 and gave the company a “buy” rating in a report on Friday, May 9th.

ESCO Technologies Stock Up 1.4%

ESE opened at $193.46 on Wednesday. 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 business has a 50 day simple moving average of $187.36 and a 200-day simple moving average of $166.19. The stock has a market capitalization of $5.00 billion, a P/E ratio of 42.43 and a beta of 1.21. ESCO Technologies Inc. has a 12 month low of $108.70 and a 12 month high of $198.34.

ESCO Technologies (NYSE:ESE) last issued its quarterly earnings data 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 firm 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%. ESCO Technologies’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 earnings per share. On average, equities analysts anticipate that ESCO Technologies Inc. will post 5.65 earnings per share for the current fiscal year.

ESCO Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, July 2nd were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $0.32 annualized dividend and a yield of 0.17%. ESCO Technologies’s dividend payout ratio is presently 7.02%.

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.