Geneva Capital Management LLC Sells 1,864 Shares of ESCO Technologies Inc. (NYSE:ESE)

Geneva Capital Management LLC trimmed its holdings in shares of ESCO Technologies Inc. (NYSE:ESE) by 0.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 872,121 shares of the scientific and technical instruments company’s stock after selling 1,864 shares during the period. ESCO Technologies accounts for approximately 1.9% of Geneva Capital Management LLC’s holdings, making the stock its 15th largest holding. Geneva Capital Management LLC owned approximately 3.38% of ESCO Technologies worth $102,064,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ESE. Conestoga Capital Advisors LLC raised its position in ESCO Technologies by 1.2% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,022,943 shares of the scientific and technical instruments company’s stock worth $119,715,000 after purchasing an additional 11,871 shares during the last quarter. Loomis Sayles & Co. L P lifted its stake in shares of ESCO Technologies by 0.7% during the third quarter. Loomis Sayles & Co. L P now owns 348,081 shares of the scientific and technical instruments company’s stock valued at $36,353,000 after acquiring an additional 2,331 shares during the period. Northern Trust Corp boosted its holdings in ESCO Technologies by 0.3% in the third quarter. Northern Trust Corp now owns 297,353 shares of the scientific and technical instruments company’s stock valued at $31,056,000 after acquiring an additional 965 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in ESCO Technologies by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 273,716 shares of the scientific and technical instruments company’s stock worth $32,033,000 after purchasing an additional 4,248 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in ESCO Technologies by 7.9% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 158,157 shares of the scientific and technical instruments company’s stock worth $18,509,000 after purchasing an additional 11,550 shares during the last quarter. Institutional investors own 95.70% of the company’s stock.

Insider Activity

In other ESCO Technologies news, Director Leon J. Olivier sold 900 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $100.26, for a total transaction of $90,234.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.80% of the stock is currently owned by company insiders.

ESCO Technologies Trading Up 1.9 %

Shares of ESE stock traded up $2.08 on Thursday, reaching $111.52. The company had a trading volume of 130,886 shares, compared to its average volume of 134,657. The company has a 50-day moving average of $102.91 and a 200-day moving average of $104.05. ESCO Technologies Inc. has a 12 month low of $89.77 and a 12 month high of $118.60. The stock has a market cap of $2.88 billion, a PE ratio of 30.98 and a beta of 1.14. The company has a current ratio of 1.98, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13.

ESCO Technologies (NYSE:ESE) last announced its quarterly earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The firm had revenue of $218.30 million for the quarter, compared to the consensus estimate of $221.44 million. ESCO Technologies had a return on equity of 8.59% and a net margin of 9.60%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share. On average, equities analysts forecast that ESCO Technologies Inc. will post 4.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th.

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.