Envestnet Portfolio Solutions Inc. Buys 2,225 Shares of ESCO Technologies Inc. $ESE

Envestnet Portfolio Solutions Inc. boosted its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 92.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,623 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,225 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in ESCO Technologies were worth $887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of ESCO Technologies in the 1st quarter worth approximately $90,067,000. Driehaus Capital Management LLC purchased a new stake in ESCO Technologies during the first quarter valued at approximately $33,784,000. Fuller & Thaler Asset Management Inc. acquired a new stake in ESCO Technologies in the first quarter valued at approximately $30,882,000. Vanguard Group Inc. increased its position in shares of ESCO Technologies by 2.3% during the first quarter. Vanguard Group Inc. now owns 2,973,925 shares of the scientific and technical instruments company’s stock worth $473,211,000 after purchasing an additional 66,392 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of ESCO Technologies by 544.5% during the 1st quarter. Jane Street Group LLC now owns 47,621 shares of the scientific and technical instruments company’s stock valued at $7,577,000 after purchasing an additional 40,232 shares during the last quarter. 95.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of ESCO Technologies in a research note on Wednesday, October 8th. Wall Street Zen lowered ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $187.50.

ESCO Technologies Price Performance

Shares of NYSE ESE opened at $216.90 on Monday. ESCO Technologies Inc. has a 52 week low of $125.45 and a 52 week high of $220.32. The business’s 50 day moving average price is $204.45 and its 200 day moving average price is $186.95. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.38. The firm has a market cap of $5.60 billion, a P/E ratio of 48.85 and a beta of 1.23.

ESCO Technologies (NYSE:ESE) last posted its quarterly 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). ESCO Technologies had a return on equity of 11.19% and a net margin of 10.37%.The business had revenue of $296.34 million for the quarter, compared to analysts’ expectations of $320.23 million. During the same period in the prior year, the business posted $1.16 earnings per share. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. 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, sell-side analysts expect that ESCO Technologies Inc. will post 5.65 earnings per share for the current year.

ESCO Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Thursday, October 2nd were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 2nd. ESCO Technologies’s dividend payout ratio 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.