ESCO Technologies Inc. $ESE Shares Sold by TD Asset Management Inc

TD Asset Management Inc lessened its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 3.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 11,784 shares of the scientific and technical instruments company’s stock after selling 472 shares during the period. TD Asset Management Inc’s holdings in ESCO Technologies were worth $2,261,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Maryland State Retirement & Pension System grew its holdings in ESCO Technologies by 0.8% during the 2nd quarter. Maryland State Retirement & Pension System now owns 7,589 shares of the scientific and technical instruments company’s stock valued at $1,456,000 after buying an additional 58 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in ESCO Technologies by 1.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 8,221 shares of the scientific and technical instruments company’s stock valued at $1,308,000 after buying an additional 84 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in ESCO Technologies by 4.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,047 shares of the scientific and technical instruments company’s stock valued at $326,000 after buying an additional 93 shares during the last quarter. CWM LLC grew its holdings in ESCO Technologies by 32.2% during the 1st quarter. CWM LLC now owns 402 shares of the scientific and technical instruments company’s stock valued at $64,000 after buying an additional 98 shares during the last quarter. Finally, New York State Teachers Retirement System grew its holdings in ESCO Technologies by 0.9% during the 1st quarter. New York State Teachers Retirement System now owns 11,617 shares of the scientific and technical instruments company’s stock valued at $1,848,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 95.70% of the company’s stock.

ESCO Technologies Trading Up 2.0%

Shares of ESE opened at $220.59 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $5.70 billion, a P/E ratio of 49.68 and a beta of 1.23. The stock’s fifty day simple moving average is $205.32 and its 200 day simple moving average is $187.70. ESCO Technologies Inc. has a twelve month low of $125.45 and a twelve month high of $223.27.

ESCO Technologies (NYSE:ESE) last issued its earnings results on Thursday, August 7th. The scientific and technical instruments company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.05). The firm had revenue of $296.34 million during the quarter, compared to analysts’ expectations of $320.23 million. ESCO Technologies had a return on equity of 11.19% and a net margin of 10.37%.The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period last year, the business posted $1.16 earnings per share. ESCO Technologies has set its FY 2025 guidance at 5.750-5.900 EPS. Q4 2025 guidance at 2.040-2.190 EPS. On average, equities research analysts forecast that ESCO Technologies Inc. will post 5.65 earnings per share for the current year.

ESCO Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Thursday, October 2nd were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 2nd. ESCO Technologies’s dividend payout ratio (DPR) is 7.21%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of ESCO Technologies in a research note on Wednesday, October 8th. Wall Street Zen lowered ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, ESCO Technologies presently has an average rating of “Buy” and a consensus target price of $187.50.

ESCO Technologies 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.