Amalgamated Bank Purchases 110 Shares of ESCO Technologies Inc. (NYSE:ESE)

Posted by on Jun 7th, 2023

Amalgamated Bank lifted its position in shares of ESCO Technologies Inc. (NYSE:ESE – Get Rating) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,910 shares of the scientific and technical instruments company’s stock after purchasing an additional 110 shares during the period. Amalgamated Bank’s holdings in ESCO Technologies were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ESE. Everence Capital Management Inc. acquired a new position in ESCO Technologies in the 4th quarter valued at approximately $253,000. Maryland State Retirement & Pension System raised its position in shares of ESCO Technologies by 1.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 10,688 shares of the scientific and technical instruments company’s stock worth $936,000 after acquiring an additional 116 shares during the last quarter. Signaturefd LLC raised its position in shares of ESCO Technologies by 31.1% during the third quarter. Signaturefd LLC now owns 835 shares of the scientific and technical instruments company’s stock worth $61,000 after acquiring an additional 198 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in ESCO Technologies by 354.9% in the third quarter. Rockefeller Capital Management L.P. now owns 737 shares of the scientific and technical instruments company’s stock valued at $54,000 after acquiring an additional 575 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in ESCO Technologies by 2.8% in the fourth quarter. New York State Common Retirement Fund now owns 19,000 shares of the scientific and technical instruments company’s stock valued at $1,663,000 after acquiring an additional 523 shares during the last quarter. Institutional investors and hedge funds own 93.96% of the company’s stock.

ESCO Technologies Stock Performance

ESE stock opened at $95.16 on Wednesday. The firm has a market cap of $2.45 billion, a PE ratio of 28.49 and a beta of 1.12. The company has a current ratio of 1.92, a quick ratio of 1.29 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $94.54 and a 200-day moving average price of $93.02. ESCO Technologies Inc. has a 1-year low of $61.43 and a 1-year high of $101.52.

ESCO Technologies (NYSE:ESE – Get Rating) last issued its earnings results on Tuesday, May 9th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.05. The business had revenue of $229.10 million during the quarter, compared to the consensus estimate of $225.35 million. ESCO Technologies had a return on equity of 8.51% and a net margin of 9.54%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. As a group, equities research analysts expect that ESCO Technologies Inc. will post 3.6 earnings per share for the current year.

ESCO Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 19th. Stockholders of record on Wednesday, July 5th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, July 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.34%. ESCO Technologies’s dividend payout ratio is currently 9.58%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of ESCO Technologies in a research report on Thursday, May 18th. They issued a “buy” rating on the stock.

About ESCO Technologies

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ESCO Technologies, Inc is a producer of engineered products and systems, which engages in the provision of utility, industrial, aerospace, and commercial applications. It operates through the Aerospace & Defense (A&D), RF Shielding and Test, and Utility Solutions Group (USG) segments. The A&D segment designs and manufactures specialty filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications, unique filter mechanisms used in micro-propulsion devices for satellites, custom designed filters for manned aircraft and submarines, products and systems to reduce vibration and/or acoustic signatures and otherwise reduce or obscure a vessel’s signature, and other communications, sealing, surface control and hydrodynamic related applications to enhance U.S.

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

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