Geneva Capital Management LLC Sells 1,890 Shares of ESCO Technologies Inc. (NYSE:ESE)

Geneva Capital Management LLC lessened its position in ESCO Technologies Inc. (NYSE:ESE) by 0.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 833,786 shares of the scientific and technical instruments company’s stock after selling 1,890 shares during the quarter. ESCO Technologies comprises about 2.5% of Geneva Capital Management LLC’s investment portfolio, making the stock its 11th biggest position. Geneva Capital Management LLC owned about 3.23% of ESCO Technologies worth $132,672,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Pitcairn Co. raised its holdings in ESCO Technologies by 2.0% in the 4th quarter. Pitcairn Co. now owns 3,479 shares of the scientific and technical instruments company’s stock worth $463,000 after acquiring an additional 68 shares during the period. Avantax Advisory Services Inc. grew its position in ESCO Technologies by 1.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 8,221 shares of the scientific and technical instruments company’s stock worth $1,308,000 after purchasing an additional 84 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in 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 worth $326,000 after purchasing an additional 93 shares during the last quarter. CWM LLC grew its position in ESCO Technologies by 32.2% in the 1st quarter. CWM LLC now owns 402 shares of the scientific and technical instruments company’s stock worth $64,000 after purchasing an additional 98 shares during the last quarter. Finally, New York State Teachers Retirement System grew its position in 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 worth $1,848,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 95.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ESCO Technologies Price Performance

NYSE:ESE opened at $191.04 on Monday. The firm has a market cap of $4.93 billion, a PE ratio of 41.89 and a beta of 1.23. ESCO Technologies Inc. has a 12 month low of $108.70 and a 12 month high of $198.34. The company has a quick ratio of 1.33, a current ratio of 2.05 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $188.24 and its two-hundred day moving average price is $167.71.

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

ESCO Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, July 2nd were paid a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. ESCO Technologies’s payout ratio is currently 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.