Citigroup Inc. Has $1.33 Million Stake in ESCO Technologies Inc. (ESE)
Citigroup Inc. decreased its position in shares of ESCO Technologies Inc. (NYSE:ESE) by 9.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,351 shares of the scientific and technical instruments company’s stock after selling 2,222 shares during the quarter. Citigroup Inc. owned about 0.09% of ESCO Technologies worth $1,333,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in ESE. Nationwide Fund Advisors raised its holdings in shares of ESCO Technologies by 2.1% during the first quarter. Nationwide Fund Advisors now owns 28,906 shares of the scientific and technical instruments company’s stock valued at $1,679,000 after buying an additional 581 shares during the last quarter. First Trust Advisors LP boosted its position in shares of ESCO Technologies by 38.2% during the first quarter. First Trust Advisors LP now owns 43,904 shares of the scientific and technical instruments company’s stock worth $2,551,000 after buying an additional 12,137 shares during the period. Bank of New York Mellon Corp boosted its position in shares of ESCO Technologies by 30.6% during the first quarter. Bank of New York Mellon Corp now owns 441,419 shares of the scientific and technical instruments company’s stock worth $25,647,000 after buying an additional 103,472 shares during the period. Comerica Bank boosted its position in shares of ESCO Technologies by 4.1% during the first quarter. Comerica Bank now owns 28,494 shares of the scientific and technical instruments company’s stock worth $1,718,000 after buying an additional 1,110 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in shares of ESCO Technologies by 131.7% during the first quarter. UBS Asset Management Americas Inc. now owns 9,441 shares of the scientific and technical instruments company’s stock worth $549,000 after buying an additional 5,367 shares during the period. 94.10% of the stock is owned by institutional investors.
A number of equities analysts recently issued reports on the company. FBR & Co reissued an “outperform” rating on shares of ESCO Technologies in a report on Tuesday, July 11th. Wunderlich assumed coverage on ESCO Technologies in a research note on Tuesday, June 13th. They set a “buy” rating and a $71.00 target price on the stock. BidaskClub raised ESCO Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research upgraded ESCO Technologies from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Tuesday. Five research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $67.00.
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Shares of ESCO Technologies Inc. (NYSE:ESE) opened at 62.00 on Wednesday. ESCO Technologies Inc. has a 12-month low of $42.95 and a 12-month high of $63.80. The firm has a market cap of $1.60 billion, a P/E ratio of 31.31 and a beta of 1.04. The company has a 50-day moving average of $56.01 and a 200 day moving average of $58.00.
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, beating analysts’ consensus estimates of $0.50 by $0.01. ESCO Technologies had a net margin of 8.06% and a return on equity of 8.36%. The company had revenue of $172.00 million during the quarter, compared to the consensus estimate of $172.00 million. During the same quarter last year, the firm posted $0.49 EPS. The company’s quarterly revenue was up 22.7% on a year-over-year basis. Equities analysts predict that ESCO Technologies Inc. will post $2.08 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Tuesday, October 3rd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.52%. ESCO Technologies’s payout ratio is 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.
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