Voya Investment Management LLC Sells 839 Shares of ESCO Technologies Inc. $ESE

Voya Investment Management LLC lessened its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 10.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,979 shares of the scientific and technical instruments company’s stock after selling 839 shares during the quarter. Voya Investment Management LLC’s holdings in ESCO Technologies were worth $1,110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in ESCO Technologies during the 1st quarter valued at $35,000. CX Institutional bought a new stake in ESCO Technologies during the 1st quarter valued at $36,000. TD Private Client Wealth LLC bought a new stake in ESCO Technologies during the 1st quarter valued at $38,000. CWM LLC boosted its position in ESCO Technologies by 32.2% during the 1st quarter. CWM LLC now owns 402 shares of the scientific and technical instruments company’s stock valued at $64,000 after acquiring an additional 98 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in ESCO Technologies by 64.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 478 shares of the scientific and technical instruments company’s stock valued at $76,000 after acquiring an additional 188 shares in the last quarter. Institutional investors own 95.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $187.50.

ESCO Technologies Stock Performance

Shares of ESE stock opened at $215.84 on Wednesday. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 48.61 and a beta of 1.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 1.04. The business has a fifty day moving average of $197.93 and a 200 day moving average of $180.29. ESCO Technologies Inc. has a 1 year low of $119.57 and a 1 year high of $220.32.

ESCO Technologies (NYSE:ESE) last issued its earnings results on Thursday, August 7th. The scientific and technical instruments company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.05). The firm had revenue of $296.34 million during the quarter, compared to analysts’ expectations of $320.23 million. ESCO Technologies had a return on equity of 11.19% and a net margin of 10.37%.The business’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business earned $1.16 EPS. ESCO Technologies has set its FY 2025 guidance at 5.750-5.900 EPS. Q4 2025 guidance at 2.040-2.190 EPS. As a group, research analysts expect that ESCO Technologies Inc. will post 5.65 earnings per share for the current year.

ESCO Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, October 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. ESCO Technologies’s dividend payout ratio (DPR) is presently 7.21%.

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.