Mount Yale Investment Advisors LLC Acquires 396 Shares of ESCO Technologies Inc. (NYSE:ESE)

Mount Yale Investment Advisors LLC increased its holdings in shares of ESCO Technologies Inc. (NYSE:ESE) by 17.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,686 shares of the scientific and technical instruments company’s stock after purchasing an additional 396 shares during the period. Mount Yale Investment Advisors LLC’s holdings in ESCO Technologies were worth $288,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in ESCO Technologies during the fourth quarter worth approximately $45,000. YHB Investment Advisors Inc. acquired a new stake in ESCO Technologies during the first quarter worth approximately $56,000. TFO Wealth Partners LLC lifted its position in ESCO Technologies by 53,200.0% during the fourth quarter. TFO Wealth Partners LLC now owns 533 shares of the scientific and technical instruments company’s stock worth $62,000 after acquiring an additional 532 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in ESCO Technologies during the first quarter worth approximately $126,000. Finally, EntryPoint Capital LLC lifted its position in ESCO Technologies by 2,178.3% during the first quarter. EntryPoint Capital LLC now owns 1,572 shares of the scientific and technical instruments company’s stock worth $168,000 after acquiring an additional 1,503 shares during the last quarter. Institutional investors own 95.70% of the company’s stock.

ESCO Technologies Price Performance

Shares of NYSE:ESE traded down $2.89 during trading on Monday, hitting $121.41. 194,190 shares of the company were exchanged, compared to its average volume of 135,674. The company has a market capitalization of $3.13 billion, a P/E ratio of 31.79 and a beta of 1.10. ESCO Technologies Inc. has a 1-year low of $94.59 and a 1-year high of $125.10. The business’s 50 day moving average is $109.56 and its 200-day moving average is $105.31. The company has a quick ratio of 1.42, a current ratio of 2.15 and a debt-to-equity ratio of 0.15.

ESCO Technologies (NYSE:ESE) last posted its quarterly earnings data on Thursday, May 9th. The scientific and technical instruments company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $249.10 million during the quarter, compared to the consensus estimate of $241.15 million. ESCO Technologies had a return on equity of 8.83% and a net margin of 9.94%. ESCO Technologies’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. Equities analysts forecast that ESCO Technologies Inc. will post 4.22 earnings per share for the current year.

ESCO Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Wednesday, July 3rd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. ESCO Technologies’s payout ratio is currently 8.40%.

Analyst Upgrades and Downgrades

Separately, Stephens reiterated an “overweight” rating and issued a $125.00 price target on shares of ESCO Technologies in a research report on Tuesday, July 9th.

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.