ESCO Technologies Inc. (NYSE:ESE – Get Free Report) has been given a consensus recommendation of “Buy” by the five brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $381.50.
Several brokerages have weighed in on ESE. JPMorgan Chase & Co. dropped their price target on shares of ESCO Technologies from $420.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $413.00 price target on shares of ESCO Technologies in a report on Monday, August 10th. Finally, Weiss Ratings cut shares of ESCO Technologies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, September 22nd.
Check Out Our Latest Research Report on ESE
ESCO Technologies Stock Performance
ESCO Technologies (NYSE:ESE – Get Free Report) last issued its earnings results on Thursday, August 6th. The scientific and technical instruments company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.08. ESCO Technologies had a net margin of 24.39% and a return on equity of 13.28%. The firm had revenue of $339.03 million for the quarter, compared to analysts’ expectations of $341.40 million. During the same quarter last year, the business earned $1.60 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. ESCO Technologies has set its FY 2026 guidance at 8.300-8.400 EPS and its Q4 2026 guidance at 2.550-2.650 EPS. Equities research analysts predict that ESCO Technologies will post 8.36 earnings per share for the current year.
ESCO Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, October 1st. ESCO Technologies’s dividend payout ratio is currently 2.64%.
Institutional Trading of ESCO Technologies
Several large investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in ESCO Technologies in the second quarter valued at $1,433,229,000. Wasatch Advisors LP raised its holdings in ESCO Technologies by 65.7% in the 2nd quarter. Wasatch Advisors LP now owns 477,687 shares of the scientific and technical instruments company’s stock worth $167,210,000 after purchasing an additional 189,433 shares in the last quarter. Bank of New York Mellon Corp bought a new position in ESCO Technologies in the 2nd quarter worth $61,365,000. Bank of America Corp DE bought a new position in ESCO Technologies in the 2nd quarter worth $51,267,000. Finally, Hawk Ridge Capital Management LP purchased a new stake in shares of ESCO Technologies in the 1st quarter worth about $47,439,000. 95.70% of the stock is owned by institutional investors.
About ESCO Technologies
ESCO Technologies Inc is a diversified technology company that develops and manufactures specialized products and systems for the aerospace, defense, space, utility, telecommunications and other industrial markets. Its offerings are designed for applications involving electromagnetic compatibility, radio-frequency testing, filtration, fluid control, power transmission and infrastructure monitoring.
Through its aerospace and defense businesses, ESCO provides test systems, antennas, telemetry equipment, RF shielding and environmental testing products used to evaluate aircraft, spacecraft, satellites, defense systems and other complex electronic equipment.
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