Pinnbrook Capital Management LP purchased a new stake in ESCO Technologies Inc. (NYSE:ESE – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 22,960 shares of the scientific and technical instruments company’s stock, valued at approximately $8,037,000. Pinnbrook Capital Management LP owned approximately 0.09% of ESCO Technologies as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Quarry LP increased its holdings in shares of ESCO Technologies by 842.9% in the 4th quarter. Quarry LP now owns 132 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 118 shares during the last quarter. SBI Securities Co. Ltd. raised its position in ESCO Technologies by 3,140.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 162 shares of the scientific and technical instruments company’s stock valued at $32,000 after purchasing an additional 157 shares in the last quarter. Allworth Financial LP purchased a new stake in ESCO Technologies during the second quarter valued at about $36,000. State of Wyoming purchased a new position in shares of ESCO Technologies in the 1st quarter worth about $38,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of ESCO Technologies in the 4th quarter worth about $39,000. 95.70% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of ESCO Technologies in a research report on Monday, June 15th. They set an “overweight” rating and a $420.00 price target on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $413.00 price objective on shares of ESCO Technologies in a research note on Monday, August 10th. Weiss Ratings cut shares of ESCO Technologies from a “buy (a)” rating to a “buy (a-)” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen downgraded shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $416.50.
ESCO Technologies Trading Up 0.9%
NYSE:ESE opened at $287.21 on Friday. The firm has a market capitalization of $7.44 billion, a P/E ratio of 23.66, a P/E/G ratio of 1.65 and a beta of 1.10. The company has a quick ratio of 0.94, a current ratio of 1.38 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $323.86 and a 200 day moving average of $301.23. ESCO Technologies Inc. has a 52 week low of $191.80 and a 52 week high of $362.15.
ESCO Technologies (NYSE:ESE – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The scientific and technical instruments company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.08. ESCO Technologies had a net margin of 24.39% and a return on equity of 13.28%. The business had revenue of $339.03 million for the quarter, compared to analyst estimates of $341.40 million. During the same quarter last year, the firm earned $1.60 EPS. The company’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. On average, research analysts predict that ESCO Technologies Inc. will post 8.34 earnings per share for the current year.
ESCO Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. ESCO Technologies’s dividend payout ratio (DPR) is presently 2.64%.
ESCO Technologies Profile
ESCO Technologies Inc is a diversified manufacturer of engineered products and systems designed to meet customers’ critical performance requirements in the test, measurement, control, and filtration of data, fluids, and gases. The company serves a wide range of end markets, including commercial aerospace, defense, industrial, medical, and communication network sectors. ESCO’s solutions are tailored to environments where reliability, precision and regulatory compliance are paramount.
Operating through multiple business segments, ESCO Technologies delivers test and measurement instruments such as RF and microwave components, signal distribution systems, and integrated test enclosures that support defense and aerospace programs.
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