Cambridge Investment Research Advisors Inc. Has $335,000 Position in ESCO Technologies Inc. (ESE)

Cambridge Investment Research Advisors Inc. held its stake in shares of ESCO Technologies Inc. (NYSE:ESE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,609 shares of the scientific and technical instruments company’s stock at the end of the second quarter. Cambridge Investment Research Advisors Inc.’s holdings in ESCO Technologies were worth $335,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ESE. BlackRock Inc. increased its holdings in ESCO Technologies by 46,624.3% in the first quarter. BlackRock Inc. now owns 3,078,663 shares of the scientific and technical instruments company’s stock valued at $178,871,000 after buying an additional 3,072,074 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in ESCO Technologies by 212.8% in the second quarter. Conestoga Capital Advisors LLC now owns 465,779 shares of the scientific and technical instruments company’s stock valued at $27,784,000 after buying an additional 316,885 shares in the last quarter. Vanguard Group Inc. increased its holdings in ESCO Technologies by 5.9% in the first quarter. Vanguard Group Inc. now owns 2,238,580 shares of the scientific and technical instruments company’s stock valued at $130,062,000 after buying an additional 124,629 shares in the last quarter. Pier Capital LLC purchased a new position in ESCO Technologies in the first quarter valued at $6,224,000. Finally, Bank of New York Mellon Corp increased its holdings in ESCO Technologies by 30.6% in the first quarter. Bank of New York Mellon Corp now owns 441,419 shares of the scientific and technical instruments company’s stock valued at $25,647,000 after buying an additional 103,472 shares in the last quarter. 94.10% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts have weighed in on ESE shares. BidaskClub raised shares of ESCO Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. FBR & Co reaffirmed an “outperform” rating on shares of ESCO Technologies in a report on Tuesday, July 11th. Finally, Wunderlich started coverage on shares of ESCO Technologies in a report on Tuesday, June 13th. They issued a “buy” rating and a $71.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. ESCO Technologies has a consensus rating of “Buy” and an average target price of $66.50.

ESCO Technologies Inc. (NYSE:ESE) opened at 56.15 on Friday. The stock has a market cap of $1.45 billion, a PE ratio of 28.36 and a beta of 1.04. The firm has a 50-day moving average of $55.84 and a 200-day moving average of $57.59. ESCO Technologies Inc. has a 12-month low of $42.95 and a 12-month high of $63.80.

ESCO Technologies (NYSE:ESE) last announced its quarterly earnings data on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01. The company had revenue of $172.00 million during the quarter, compared to the consensus estimate of $172.00 million. ESCO Technologies had a net margin of 8.06% and a return on equity of 8.36%. ESCO Technologies’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 EPS. Equities analysts predict that ESCO Technologies Inc. will post $2.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Tuesday, October 3rd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.57%. ESCO Technologies’s payout ratio is currently 16.16%.

ESCO Technologies Company Profile

ESCO Technologies Inc (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging.

Institutional Ownership by Quarter for ESCO Technologies (NYSE:ESE)

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