15,107 Shares in ESCO Technologies Inc. (NYSE:ESE) Bought by Natixis Advisors LLC

Natixis Advisors LLC bought a new stake in shares of ESCO Technologies Inc. (NYSE:ESE) in the 2nd quarter, HoldingsChannel reports. The fund bought 15,107 shares of the scientific and technical instruments company’s stock, valued at approximately $1,587,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of ESCO Technologies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,895,420 shares of the scientific and technical instruments company’s stock valued at $309,955,000 after buying an additional 15,801 shares during the period. Champlain Investment Partners LLC boosted its stake in ESCO Technologies by 6.1% in the first quarter. Champlain Investment Partners LLC now owns 1,215,101 shares of the scientific and technical instruments company’s stock valued at $130,077,000 after acquiring an additional 69,500 shares during the period. Conestoga Capital Advisors LLC boosted its stake in ESCO Technologies by 0.3% in the second quarter. Conestoga Capital Advisors LLC now owns 1,029,065 shares of the scientific and technical instruments company’s stock valued at $108,093,000 after acquiring an additional 3,146 shares during the period. Commerce Bank bought a new position in shares of ESCO Technologies during the fourth quarter valued at approximately $33,226,000. Finally, Bank of New York Mellon Corp raised its position in shares of ESCO Technologies by 18.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 283,266 shares of the scientific and technical instruments company’s stock worth $29,754,000 after purchasing an additional 43,907 shares during the period. 95.70% of the stock is owned by institutional investors and hedge funds.

ESCO Technologies Stock Up 0.6 %

ESCO Technologies stock opened at $115.61 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.39 and a current ratio of 2.10. ESCO Technologies Inc. has a one year low of $94.59 and a one year high of $125.54. The company has a 50-day simple moving average of $116.35 and a 200-day simple moving average of $108.60. The firm has a market capitalization of $2.98 billion, a P/E ratio of 30.31 and a beta of 1.08.

ESCO Technologies (NYSE:ESE) last posted its earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.03). ESCO Technologies had a net margin of 9.95% and a return on equity of 8.82%. The firm had revenue of $260.78 million for the quarter. As a group, equities analysts expect that ESCO Technologies Inc. will post 4.15 earnings per share for the current year.

ESCO Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Wednesday, October 2nd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Wednesday, October 2nd. ESCO Technologies’s dividend payout ratio (DPR) is 8.40%.

Wall Street Analyst Weigh In

Separately, Stephens restated an “overweight” rating and set a $125.00 price objective on shares of ESCO Technologies in a research report on Tuesday, July 9th.

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.