OLD National Bancorp IN Sells 153 Shares of ESCO Technologies Inc. (NYSE:ESE)

OLD National Bancorp IN trimmed its position in ESCO Technologies Inc. (NYSE:ESE) by 5.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,465 shares of the scientific and technical instruments company’s stock after selling 153 shares during the period. OLD National Bancorp IN’s holdings in ESCO Technologies were worth $288,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ESE. Operose Advisors LLC bought a new position in ESCO Technologies in the 3rd quarter valued at $30,000. Sequoia Financial Advisors LLC bought a new position in ESCO Technologies in the 4th quarter valued at $276,000. Quadrature Capital Ltd bought a new position in ESCO Technologies in the 3rd quarter valued at $288,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in ESCO Technologies by 17.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,280 shares of the scientific and technical instruments company’s stock valued at $447,000 after buying an additional 636 shares during the last quarter. Finally, Mariner LLC boosted its position in ESCO Technologies by 2.7% in the 3rd quarter. Mariner LLC now owns 5,250 shares of the scientific and technical instruments company’s stock valued at $548,000 after buying an additional 138 shares during the last quarter. 95.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ESE has been the topic of a number of analyst reports. StockNews.com downgraded ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. Sidoti downgraded ESCO Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, January 5th.

Insider Buying and Selling

In other ESCO Technologies news, Director Leon J. Olivier sold 900 shares of ESCO Technologies stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $100.26, for a total value of $90,234.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.80% of the stock is currently owned by company insiders.

ESCO Technologies Stock Performance

Shares of ESCO Technologies stock opened at $104.28 on Friday. The company has a market capitalization of $2.69 billion, a PE ratio of 28.97 and a beta of 1.15. ESCO Technologies Inc. has a 12 month low of $89.77 and a 12 month high of $118.60. The company has a current ratio of 1.98, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $102.16 and its 200 day simple moving average is $103.85.

ESCO Technologies (NYSE:ESE) last issued its quarterly earnings data on Thursday, February 8th. The scientific and technical instruments company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.05). The business had revenue of $218.30 million for the quarter, compared to analyst estimates of $221.44 million. ESCO Technologies had a return on equity of 8.59% and a net margin of 9.60%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. On average, research analysts predict that ESCO Technologies Inc. will post 4.2 EPS for the current year.

ESCO Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Monday, April 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Thursday, March 28th. ESCO Technologies’s payout ratio is presently 8.89%.

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.