Nisa Investment Advisors LLC Lowers Holdings in ESCO Technologies Inc. (NYSE:ESE)

Nisa Investment Advisors LLC trimmed its position in ESCO Technologies Inc. (NYSE:ESE) by 99.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 288 shares of the scientific and technical instruments company’s stock after selling 29,470 shares during the period. Nisa Investment Advisors LLC’s holdings in ESCO Technologies were worth $37,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Select Equity Group L.P. boosted its stake in ESCO Technologies by 277.5% during the second quarter. Select Equity Group L.P. now owns 395,460 shares of the scientific and technical instruments company’s stock valued at $41,539,000 after buying an additional 290,711 shares during the period. Federated Hermes Inc. bought a new stake in shares of ESCO Technologies during the 2nd quarter valued at about $15,632,000. F M Investments LLC purchased a new position in shares of ESCO Technologies during the second quarter worth about $9,455,000. Champlain Investment Partners LLC increased its position in shares of 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 worth $130,077,000 after purchasing an additional 69,500 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in ESCO Technologies by 35.5% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 185,850 shares of the scientific and technical instruments company’s stock valued at $19,522,000 after purchasing an additional 48,693 shares in the last quarter. 95.70% of the stock is currently owned by hedge funds and other institutional investors.

ESCO Technologies Stock Performance

Shares of NYSE ESE opened at $141.96 on Friday. The stock’s 50-day moving average is $125.20 and its 200 day moving average is $116.03. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 36.78 and a beta of 1.08. ESCO Technologies Inc. has a 1-year low of $96.69 and a 1-year high of $147.80. The company has a current ratio of 2.10, a quick ratio of 1.39 and a debt-to-equity ratio of 0.13.

ESCO Technologies (NYSE:ESE) last posted its quarterly earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.03). ESCO Technologies had a return on equity of 8.82% and a net margin of 9.95%. The business had revenue of $260.78 million for the quarter. On average, sell-side analysts anticipate that ESCO Technologies Inc. will post 4.15 EPS for the current fiscal year.

Analyst Ratings Changes

ESE has been the subject of a number of research reports. Benchmark reissued a “buy” rating and issued a $150.00 price target on shares of ESCO Technologies in a research note on Tuesday. Stephens upped their target price on shares of ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th.

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.