ESCO Technologies Inc. $ESE Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC trimmed its holdings in ESCO Technologies Inc. (NYSE:ESE) by 7.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 161,992 shares of the scientific and technical instruments company’s stock after selling 12,219 shares during the period. ESCO Technologies accounts for about 2.8% of Tributary Capital Management LLC’s holdings, making the stock its 3rd biggest holding. Tributary Capital Management LLC owned 0.63% of ESCO Technologies worth $31,081,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in ESCO Technologies by 2.3% during the first quarter. Vanguard Group Inc. now owns 2,973,925 shares of the scientific and technical instruments company’s stock worth $473,211,000 after buying an additional 66,392 shares during the period. Nuveen LLC acquired a new stake in ESCO Technologies in the first quarter valued at approximately $90,067,000. Charles Schwab Investment Management Inc. raised its holdings in ESCO Technologies by 3.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 315,479 shares of the scientific and technical instruments company’s stock valued at $50,199,000 after acquiring an additional 9,402 shares in the last quarter. Royal Bank of Canada raised its holdings in ESCO Technologies by 1.8% in the first quarter. Royal Bank of Canada now owns 245,228 shares of the scientific and technical instruments company’s stock valued at $39,020,000 after acquiring an additional 4,276 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in ESCO Technologies in the first quarter valued at approximately $33,784,000. 95.70% of the stock is currently owned by institutional investors and hedge funds.

ESCO Technologies Stock Performance

Shares of ESE opened at $214.44 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38. The firm has a market cap of $5.54 billion, a PE ratio of 48.30 and a beta of 1.23. The company’s 50 day simple moving average is $205.72 and its 200-day simple moving average is $187.88. ESCO Technologies Inc. has a 12-month low of $125.45 and a 12-month high of $223.27.

ESCO Technologies (NYSE:ESE) last announced its earnings results on Thursday, August 7th. The scientific and technical instruments company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.05). The business had revenue of $296.34 million for the quarter, compared to analysts’ expectations of $320.23 million. ESCO Technologies had a return on equity of 11.19% and a net margin of 10.37%.The business’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $1.16 earnings per share. ESCO Technologies has set its FY 2025 guidance at 5.750-5.900 EPS. Q4 2025 guidance at 2.040-2.190 EPS. As a group, equities analysts predict that ESCO Technologies Inc. will post 5.65 EPS for the current year.

ESCO Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Thursday, October 2nd were given a dividend of $0.08 per share. The ex-dividend date was Thursday, October 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. ESCO Technologies’s dividend payout ratio (DPR) is 7.21%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ESE shares. Wall Street Zen cut shares of ESCO Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “buy (b)” rating on shares of ESCO Technologies in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $187.50.

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.