Numerai GP LLC Has $334,000 Holdings in ESCO Technologies Inc. (NYSE:ESE)

Numerai GP LLC trimmed its holdings in ESCO Technologies Inc. (NYSE:ESE) by 69.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,505 shares of the scientific and technical instruments company’s stock after selling 5,768 shares during the period. Numerai GP LLC’s holdings in ESCO Technologies were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Mather Group LLC. bought a new position in shares of ESCO Technologies during the 4th quarter valued at about $30,000. Jones Financial Companies Lllp raised its holdings in ESCO Technologies by 747.1% during the 4th quarter. Jones Financial Companies Lllp now owns 288 shares of the scientific and technical instruments company’s stock worth $38,000 after buying an additional 254 shares during the period. Huntington National Bank lifted its stake in ESCO Technologies by 150.0% in the fourth quarter. Huntington National Bank now owns 305 shares of the scientific and technical instruments company’s stock valued at $41,000 after buying an additional 183 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of ESCO Technologies by 627.1% in the fourth quarter. Sterling Capital Management LLC now owns 429 shares of the scientific and technical instruments company’s stock valued at $57,000 after buying an additional 370 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of ESCO Technologies by 378.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 565 shares of the scientific and technical instruments company’s stock worth $75,000 after acquiring an additional 447 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on ESE shares. Stephens reaffirmed an “overweight” rating and issued a $175.00 price objective on shares of ESCO Technologies in a research report on Thursday, February 27th. StockNews.com lowered ESCO Technologies from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, Benchmark lifted their target price on ESCO Technologies from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, May 9th.

ESCO Technologies Stock Performance

Shares of ESE opened at $181.72 on Friday. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 42.66 and a beta of 1.19. ESCO Technologies Inc. has a 12 month low of $101.42 and a 12 month high of $185.83. The firm has a fifty day simple moving average of $158.34 and a 200 day simple moving average of $148.48. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.07.

ESCO Technologies (NYSE:ESE) last issued its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.25 by $0.10. The firm had revenue of $265.52 million for the quarter, compared to analysts’ expectations of $264.96 million. ESCO Technologies had a net margin of 10.44% and a return on equity of 9.91%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 EPS. Research analysts forecast that ESCO Technologies Inc. will post 5.65 EPS for the current fiscal year.

ESCO Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Wednesday, July 2nd. ESCO Technologies’s dividend payout ratio is currently 7.02%.

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.