Captrust Financial Advisors acquired a new position in ESCO Technologies Inc. (NYSE:ESE) during the second quarter, according to its most recent filing with the SEC. The firm acquired 21,711 shares of the scientific and technical instruments company’s stock, valued at approximately $1,297,000. Captrust Financial Advisors owned about 0.08% of ESCO Technologies as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ESE. Teachers Advisors LLC grew its position in shares of ESCO Technologies by 3.4% in the 4th quarter. Teachers Advisors LLC now owns 42,176 shares of the scientific and technical instruments company’s stock worth $2,389,000 after buying an additional 1,372 shares during the last quarter. Nationwide Fund Advisors grew its position in shares of ESCO Technologies by 2.1% in the 1st quarter. Nationwide Fund Advisors now owns 28,906 shares of the scientific and technical instruments company’s stock worth $1,679,000 after buying an additional 581 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of ESCO Technologies by 11.7% in the 1st quarter. Wells Fargo & Company MN now owns 296,457 shares of the scientific and technical instruments company’s stock worth $17,224,000 after buying an additional 31,021 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of ESCO Technologies by 7.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 36,357 shares of the scientific and technical instruments company’s stock worth $2,113,000 after buying an additional 2,494 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of ESCO Technologies by 38.2% in the 1st quarter. First Trust Advisors LP now owns 43,904 shares of the scientific and technical instruments company’s stock worth $2,551,000 after buying an additional 12,137 shares during the last quarter. Hedge funds and other institutional investors own 94.10% of the company’s stock.

A number of equities research analysts have recently weighed in on ESE shares. BidaskClub lowered ESCO Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Wunderlich started coverage on ESCO Technologies in a research report on Tuesday, June 13th. They issued a “buy” rating and a $71.00 price objective on the stock. Finally, FBR & Co reiterated an “outperform” rating on shares of ESCO Technologies in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $66.50.

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ESCO Technologies Inc. (ESE) traded up 0.81% during midday trading on Wednesday, hitting $55.90. The company had a trading volume of 8,623 shares. ESCO Technologies Inc. has a 52 week low of $42.95 and a 52 week high of $63.80. The company has a market capitalization of $1.44 billion, a P/E ratio of 28.23 and a beta of 1.04. The stock has a 50 day moving average price of $56.55 and a 200 day moving average price of $57.61.

ESCO Technologies (NYSE:ESE) last announced its quarterly earnings data on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. ESCO Technologies had a return on equity of 8.36% and a net margin of 8.06%. The company had revenue of $172.00 million for the quarter, compared to analysts’ expectations of $172.00 million. During the same quarter in the prior year, the firm earned $0.49 earnings per share. ESCO Technologies’s revenue was up 22.7% compared to the same quarter last year. Equities analysts forecast that ESCO Technologies Inc. will post $2.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Tuesday, October 3rd will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.32 annualized dividend and a yield of 0.58%. ESCO Technologies’s dividend payout ratio (DPR) is currently 16.16%.

About ESCO Technologies

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.

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

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