Fifth Third Bancorp Sells 68 Shares of ESCO Technologies Inc. $ESE

Fifth Third Bancorp lowered its stake in ESCO Technologies Inc. (NYSE:ESE) by 7.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 789 shares of the scientific and technical instruments company’s stock after selling 68 shares during the quarter. Fifth Third Bancorp’s holdings in ESCO Technologies were worth $151,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ESE. Millennium Management LLC grew its position in shares of ESCO Technologies by 12.9% during the fourth quarter. Millennium Management LLC now owns 7,364 shares of the scientific and technical instruments company’s stock worth $981,000 after purchasing an additional 840 shares in the last quarter. GAMMA Investing LLC grew its position in shares of ESCO Technologies by 18,682.3% during the first quarter. GAMMA Investing LLC now owns 107,247 shares of the scientific and technical instruments company’s stock worth $17,065,000 after purchasing an additional 106,676 shares in the last quarter. CX Institutional purchased a new stake in shares of ESCO Technologies during the first quarter worth about $36,000. Azzad Asset Management Inc. ADV purchased a new stake in shares of ESCO Technologies during the first quarter worth about $1,290,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of ESCO Technologies during the first quarter worth about $35,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ESCO Technologies Stock Performance

NYSE ESE opened at $213.80 on Thursday. The stock has a market capitalization of $5.52 billion, a PE ratio of 48.15 and a beta of 1.23. The business has a 50 day simple moving average of $199.88 and a two-hundred day simple moving average of $182.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 1.04. ESCO Technologies Inc. has a 1-year low of $119.57 and a 1-year high of $220.32.

ESCO Technologies (NYSE:ESE) last released its quarterly earnings results on Thursday, August 7th. The scientific and technical instruments company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.05). The firm had revenue of $296.34 million for the quarter, compared to analysts’ expectations of $320.23 million. ESCO Technologies had a net margin of 10.37% and a return on equity of 11.19%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior 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. On average, research analysts predict that ESCO Technologies Inc. will post 5.65 EPS for the current fiscal year.

ESCO Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Thursday, October 2nd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 2nd. 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.