ESCO Technologies Inc. (NYSE:ESE) Shares Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH raised its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 35.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 185,850 shares of the scientific and technical instruments company’s stock after acquiring an additional 48,693 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.72% of ESCO Technologies worth $19,522,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ESE. First Horizon Advisors Inc. purchased a new stake in shares of ESCO Technologies in the second quarter valued at about $36,000. GAMMA Investing LLC acquired a new stake in shares of ESCO Technologies in the 4th quarter valued at approximately $45,000. Innealta Capital LLC purchased a new stake in shares of ESCO Technologies in the second quarter valued at approximately $50,000. YHB Investment Advisors Inc. acquired a new position in ESCO Technologies during the first quarter worth $56,000. Finally, TFO Wealth Partners LLC raised its position in ESCO Technologies by 53,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 533 shares of the scientific and technical instruments company’s stock worth $62,000 after acquiring an additional 532 shares in the last quarter. 95.70% of the stock is currently owned by hedge funds and other institutional investors.

ESCO Technologies Trading Up 1.2 %

NYSE:ESE opened at $119.81 on Friday. The company has a market capitalization of $3.09 billion, a PE ratio of 31.45 and a beta of 1.10. ESCO Technologies Inc. has a 52-week low of $94.59 and a 52-week high of $125.54. The stock has a fifty day simple moving average of $114.98 and a 200-day simple moving average of $107.95. The company has a quick ratio of 1.42, a current ratio of 2.15 and a debt-to-equity ratio of 0.15.

ESCO Technologies (NYSE:ESE) last issued its quarterly earnings data on Wednesday, August 7th. The scientific and technical instruments company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.03). ESCO Technologies had a return on equity of 8.83% and a net margin of 9.94%. The business had revenue of $260.78 million for the quarter. On average, equities research analysts expect that ESCO Technologies Inc. will post 4.22 earnings per share for the current fiscal year.

ESCO Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Wednesday, October 2nd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date is Wednesday, October 2nd. ESCO Technologies’s payout ratio is 8.40%.

Analysts Set New Price Targets

Separately, Stephens restated an “overweight” rating and set a $125.00 target price on shares of ESCO Technologies in a research report on Tuesday, July 9th.

ESCO Technologies Company Profile

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines.