Victory Capital Management Inc. Purchases 676 Shares of ESCO Technologies Inc. (NYSE:ESE)

Victory Capital Management Inc. increased its position in shares of ESCO Technologies Inc. (NYSE:ESE) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,513 shares of the scientific and technical instruments company’s stock after acquiring an additional 676 shares during the quarter. Victory Capital Management Inc.’s holdings in ESCO Technologies were worth $6,776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new position in shares of ESCO Technologies during the second quarter worth $36,000. Innealta Capital LLC acquired a new position in ESCO Technologies during the 2nd quarter valued at about $50,000. YHB Investment Advisors Inc. purchased a new stake in ESCO Technologies in the first quarter valued at about $56,000. TFO Wealth Partners LLC boosted its holdings in ESCO Technologies by 53,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 533 shares of the scientific and technical instruments company’s stock worth $62,000 after acquiring an additional 532 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of ESCO Technologies during the first quarter worth about $126,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.

ESCO Technologies Price Performance

Shares of ESE opened at $119.81 on Monday. The firm has a market capitalization of $3.09 billion, a PE ratio of 31.45 and a beta of 1.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.10 and a quick ratio of 1.39. The company’s fifty day moving average price is $117.45 and its 200-day moving average price is $109.03. ESCO Technologies Inc. has a 1-year low of $94.59 and a 1-year high of $125.54.

ESCO Technologies (NYSE:ESE) last announced its quarterly earnings data on Wednesday, August 7th. The scientific and technical instruments company reported $1.16 earnings per share 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 during the quarter. On average, equities research analysts predict that ESCO Technologies Inc. will post 4.15 EPS for the current year.

ESCO Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date is Wednesday, October 2nd. ESCO Technologies’s payout ratio is 8.40%.

Analyst Upgrades and Downgrades

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

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.