Banced Corp Invests $203,000 in ESCO Technologies Inc. (ESE)

Banced Corp bought a new stake in shares of ESCO Technologies Inc. (NYSE:ESE) during the first quarter, Holdings Channel reports. The firm bought 3,500 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors have also recently added to or reduced their stakes in ESE. Envestnet Asset Management Inc. raised its position in 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. raised its position in 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. 1st Global Advisors Inc. raised its position in 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. Municipal Employees Retirement System of Michigan raised its position in ESCO Technologies by 1.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,310 shares of the company’s stock valued at $339,000 after buying an additional 90 shares during the last quarter. Finally, Aperio Group LLC raised its position in ESCO Technologies by 1.3% in the third quarter. Aperio Group LLC now owns 7,530 shares of the company’s stock valued at $350,000 after buying an additional 94 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)

ESCO Technologies Inc. (NYSE:ESE) traded down 1.65% during trading on Thursday, reaching $56.75. 32,108 shares of the company traded hands. The firm’s 50 day moving average price is $56.18 and its 200 day moving average price is $53.57. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 30.84 and a beta of 1.09. ESCO Technologies Inc. has a 12-month low of $37.32 and a 12-month high of $58.95.

ESCO Technologies (NYSE:ESE) last issued its quarterly earnings results on Tuesday, February 7th. The company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.02. The company earned $146.37 million during the quarter, compared to the consensus estimate of $153.93 million. ESCO Technologies had a return on equity of 8.40% and a net margin of 8.17%. ESCO Technologies’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities research analysts expect that ESCO Technologies Inc. will post $2.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 18th. Stockholders of record on Monday, April 3rd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, March 30th. ESCO Technologies’s payout ratio is 17.49%.

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Separately, Stephens set a $62.00 target price on shares of ESCO Technologies and gave the company a “buy” rating in a report on Wednesday, February 8th.

In other news, Director Larry W. Solley sold 3,600 shares of the stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $54.76, for a total value of $197,136.00. Following the transaction, the director now owns 23,350 shares of the company’s stock, valued at approximately $1,278,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by corporate insiders.

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).

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