Silvercrest Asset Management Group LLC reduced its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 8.6% during the fourth quarter, Holdings Channel reports. The fund owned 1,186,513 shares of the company’s stock after selling 112,120 shares during the period. Silvercrest Asset Management Group LLC owned 4.61% of ESCO Technologies worth $67,216,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ESE. Teacher Retirement System of Texas increased its position in shares of ESCO Technologies by 13.5% in the second quarter. Teacher Retirement System of Texas now owns 3,613 shares of the company’s stock valued at $144,000 after buying an additional 429 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of ESCO Technologies by 6.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,641 shares of the company’s stock valued at $149,000 after buying an additional 150 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of ESCO Technologies by 13.6% in the third quarter. Victory Capital Management Inc. now owns 3,700 shares of the company’s stock valued at $172,000 after buying an additional 444 shares during the last quarter. Eqis Capital Management Inc. increased its position in shares of ESCO Technologies by 8.9% in the third quarter. Eqis Capital Management Inc. now owns 5,509 shares of the company’s stock valued at $256,000 after buying an additional 452 shares during the last quarter. Finally, 1st Global Advisors Inc. increased its position in shares of ESCO Technologies by 9.0% in the third quarter. 1st Global Advisors Inc. now owns 6,042 shares of the company’s stock valued at $280,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Institutional Ownership by Quarter for ESCO Technologies (NYSE:ESE)

Shares of ESCO Technologies Inc. (NYSE:ESE) traded up 0.36% during midday trading on Thursday, hitting $55.30. The stock had a trading volume of 73,799 shares. The firm has a 50 day moving average price of $56.61 and a 200-day moving average price of $50.45. The stock has a market cap of $1.42 billion, a PE ratio of 30.05 and a beta of 1.09. ESCO Technologies Inc. has a 52-week low of $34.57 and a 52-week high of $58.95.

ESCO Technologies (NYSE:ESE) last released its earnings results on Tuesday, February 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.02. ESCO Technologies had a net margin of 8.17% and a return on equity of 8.40%. The firm earned $146.37 million during the quarter, compared to analyst estimates of $153.93 million. ESCO Technologies’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities analysts predict that ESCO Technologies Inc. will post $2.22 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 18th. Investors of record on Monday, April 3rd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Thursday, March 30th. ESCO Technologies’s payout ratio is 17.49%.

This report was published by Daily Political and is the property of of Daily Political. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be read at http://www.dailypolitical.com/2017/02/16/esco-technologies-inc-ese-shares-sold-by-silvercrest-asset-management-group-llc.html.

Separately, Stephens set a $62.00 price objective on ESCO Technologies and gave the company a “buy” rating in a research report on Wednesday, February 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. ESCO Technologies has an average rating of “Buy” and an average target price of $47.50.

ESCO Technologies Company Profile

ESCO Technologies Inc (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging.

5 Day Chart for NYSE:ESE

Want to see what other hedge funds are holding ESE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ESCO Technologies Inc. (NYSE:ESE).

Receive News & Ratings for ESCO Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ESCO Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.