Future Fund LLC Acquires Shares of 3,975 ESCO Technologies Inc. $ESE

Future Fund LLC acquired a new position in shares of ESCO Technologies Inc. (NYSE:ESE) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,975 shares of the scientific and technical instruments company’s stock, valued at approximately $763,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of ESCO Technologies by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 2,973,925 shares of the scientific and technical instruments company’s stock valued at $473,211,000 after acquiring an additional 66,392 shares during the last quarter. Geneva Capital Management LLC increased its stake in ESCO Technologies by 5.9% during the second quarter. Geneva Capital Management LLC now owns 882,959 shares of the scientific and technical instruments company’s stock valued at $169,413,000 after purchasing an additional 49,173 shares during the last quarter. Nuveen LLC bought a new stake in ESCO Technologies during the first quarter valued at $90,067,000. Charles Schwab Investment Management Inc. raised its holdings in shares of ESCO Technologies by 3.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 315,479 shares of the scientific and technical instruments company’s stock worth $50,199,000 after purchasing an additional 9,402 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of ESCO Technologies by 1.8% in the 1st quarter. Royal Bank of Canada now owns 245,228 shares of the scientific and technical instruments company’s stock worth $39,020,000 after buying an additional 4,276 shares during the last quarter. Institutional investors own 95.70% of the company’s stock.

ESCO Technologies Trading Down 1.1%

Shares of NYSE:ESE opened at $216.61 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $212.25 and its 200 day moving average price is $194.74. The company has a market cap of $5.59 billion, a PE ratio of 48.79 and a beta of 1.25. ESCO Technologies Inc. has a fifty-two week low of $127.17 and a fifty-two week high of $226.34.

ESCO Technologies (NYSE:ESE) last announced its quarterly earnings results on Thursday, August 7th. The scientific and technical instruments company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.05). The firm had revenue of $296.34 million during the quarter, compared to analyst estimates of $320.23 million. ESCO Technologies had a net margin of 10.37% and a return on equity of 11.19%. ESCO Technologies’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.16 EPS. Sell-side analysts anticipate that ESCO Technologies Inc. will post 5.65 earnings per share for the current year.

Analysts Set New Price Targets

ESE has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings restated a “buy (b)” rating on shares of ESCO Technologies in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, ESCO Technologies has a consensus rating of “Buy” and a consensus price target of $187.50.

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.