Oppenheimer Asset Management Inc. Acquires New Stake in ESCO Technologies Inc. $ESE

Oppenheimer Asset Management Inc. acquired a new stake in ESCO Technologies Inc. (NYSE:ESE) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,124 shares of the scientific and technical instruments company’s stock, valued at approximately $216,000.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in ESCO Technologies by 3.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 315,479 shares of the scientific and technical instruments company’s stock valued at $50,199,000 after purchasing an additional 9,402 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in ESCO Technologies by 4.8% in the first 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 purchasing an additional 93 shares in the last quarter. New York State Teachers Retirement System grew its position in ESCO Technologies by 0.9% in the first 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 purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC grew its position in ESCO Technologies by 18.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the scientific and technical instruments company’s stock valued at $107,000 after purchasing an additional 103 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in ESCO Technologies by 8.1% in the first quarter. Intech Investment Management LLC now owns 20,352 shares of the scientific and technical instruments company’s stock valued at $3,238,000 after purchasing an additional 1,528 shares in the last quarter. Institutional investors own 95.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ESE. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ESCO Technologies in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $187.50.

ESCO Technologies Stock Performance

Shares of ESE stock opened at $219.55 on Monday. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 49.45 and a beta of 1.23. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 1.52. The company has a 50-day simple moving average of $210.05 and a 200 day simple moving average of $192.30. ESCO Technologies Inc. has a 52 week low of $125.45 and a 52 week high of $226.34.

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

ESCO Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Thursday, October 2nd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. ESCO Technologies’s payout ratio is presently 7.21%.

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.