Dimensional Fund Advisors LP lifted its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,831,983 shares of the scientific and technical instruments company’s stock after buying an additional 45,257 shares during the period. Dimensional Fund Advisors LP owned about 7.07% of ESCO Technologies worth $105,705,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ESE. BlackRock Inc. boosted its position in shares of ESCO Technologies by 6.9% during the second quarter. BlackRock Inc. now owns 3,645,441 shares of the scientific and technical instruments company’s stock valued at $210,342,000 after buying an additional 234,224 shares during the last quarter. Conestoga Capital Advisors LLC boosted its position in shares of ESCO Technologies by 7.2% during the second quarter. Conestoga Capital Advisors LLC now owns 949,130 shares of the scientific and technical instruments company’s stock valued at $54,765,000 after buying an additional 63,950 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of ESCO Technologies by 4.6% during the second quarter. Segall Bryant & Hamill LLC now owns 328,075 shares of the scientific and technical instruments company’s stock valued at $18,930,000 after buying an additional 14,313 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of ESCO Technologies by 7.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 189,219 shares of the scientific and technical instruments company’s stock valued at $10,918,000 after buying an additional 12,669 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of ESCO Technologies by 1.3% during the second quarter. Brown Advisory Inc. now owns 943,108 shares of the scientific and technical instruments company’s stock valued at $54,417,000 after buying an additional 12,254 shares during the last quarter. 94.00% of the stock is currently owned by institutional investors.

ESE stock opened at $67.90 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.32 and a current ratio of 2.05. ESCO Technologies Inc. has a 1-year low of $51.55 and a 1-year high of $70.20. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 29.14 and a beta of 0.99.

ESCO Technologies (NYSE:ESE) last posted its quarterly earnings data on Tuesday, August 7th. The scientific and technical instruments company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. ESCO Technologies had a return on equity of 8.76% and a net margin of 11.09%. The business had revenue of $192.22 million for the quarter, compared to analysts’ expectations of $205.99 million. research analysts predict that ESCO Technologies Inc. will post 2.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 17th. Shareholders of record on Wednesday, October 3rd will be given a $0.08 dividend. The ex-dividend date is Tuesday, October 2nd. This represents a $0.32 annualized dividend and a yield of 0.47%.

ESE has been the topic of several research analyst reports. Zacks Investment Research raised ESCO Technologies from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Thursday, August 9th. ValuEngine raised ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. B. Riley set a $80.00 price objective on ESCO Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Finally, Stephens set a $67.00 price objective on ESCO Technologies and gave the stock a “hold” rating in a research report on Sunday, August 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $73.67.

ESCO Technologies Company Profile

ESCO Technologies Inc, through its subsidiaries, produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial applications worldwide. The company's Filtration segment supplies filtration and fluid control products, including filter elements, manifolds, assemblies, modules, indicators, custom and standard valves, filters, regulators, actuators, and other related components; and elastomeric-based signature reduction solutions.

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

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