Segall Bryant & Hamill LLC Boosts Stake in ESCO Technologies Inc. (ESE)

Segall Bryant & Hamill LLC grew its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 11.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 366,375 shares of the scientific and technical instruments company’s stock after acquiring an additional 39,101 shares during the period. Segall Bryant & Hamill LLC owned about 1.42% of ESCO Technologies worth $21,964,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. KBC Group NV lifted its position in shares of ESCO Technologies by 57.7% during the 3rd quarter. KBC Group NV now owns 9,430 shares of the scientific and technical instruments company’s stock valued at $565,000 after acquiring an additional 3,450 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of ESCO Technologies by 10.2% during the 3rd quarter. Brown Advisory Inc. now owns 906,249 shares of the scientific and technical instruments company’s stock valued at $54,329,000 after acquiring an additional 83,818 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of ESCO Technologies by 5.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 161,656 shares of the scientific and technical instruments company’s stock valued at $9,692,000 after acquiring an additional 8,875 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of ESCO Technologies by 49.5% during the 3rd quarter. Wells Fargo & Company MN now owns 31,309 shares of the scientific and technical instruments company’s stock valued at $1,877,000 after acquiring an additional 10,363 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of ESCO Technologies during the 3rd quarter valued at $201,000. Institutional investors own 95.64% of the company’s stock.

Shares of ESCO Technologies Inc. (NYSE:ESE) traded down $0.45 during trading hours on Friday, reaching $60.25. 99,213 shares of the company’s stock traded hands, compared to its average volume of 94,172. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.38 and a current ratio of 2.01. ESCO Technologies Inc. has a 52 week low of $50.30 and a 52 week high of $65.95. The firm has a market cap of $1,568.24, a P/E ratio of 29.11 and a beta of 1.05.

ESCO Technologies (NYSE:ESE) last announced its earnings results on Tuesday, November 14th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. ESCO Technologies had a net margin of 7.83% and a return on equity of 8.64%. The company had revenue of $207.01 million for the quarter, compared to the consensus estimate of $211.02 million. During the same period in the previous year, the business earned $0.67 EPS. The company’s revenue was up 29.8% on a year-over-year basis. analysts expect that ESCO Technologies Inc. will post 2.34 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Thursday, January 4th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, January 3rd. ESCO Technologies’s dividend payout ratio (DPR) is currently 15.46%.

ESE has been the subject of a number of recent research reports. Needham & Company LLC upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. B. Riley set a $71.00 price objective on ESCO Technologies and gave the company a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded ESCO Technologies from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, October 3rd. Finally, Stephens set a $65.00 target price on shares of ESCO Technologies and gave the company an “equal weight” rating in a research note on Wednesday, December 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $68.75.

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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.

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

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