LS Investment Advisors LLC Maintains Position in ESCO Technologies Inc. (NYSE:ESE)

LS Investment Advisors LLC continued to hold its stake in ESCO Technologies Inc. (NYSE:ESE) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,900 shares of the scientific and technical instruments company’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in ESCO Technologies were worth $113,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC raised its stake in ESCO Technologies by 3,191.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,909 shares of the scientific and technical instruments company’s stock worth $111,000 after buying an additional 1,851 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in ESCO Technologies by 7.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,116 shares of the scientific and technical instruments company’s stock worth $123,000 after buying an additional 152 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in ESCO Technologies during the first quarter worth about $128,000. State of Alaska Department of Revenue raised its stake in ESCO Technologies by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 2,840 shares of the scientific and technical instruments company’s stock worth $165,000 after buying an additional 60 shares in the last quarter. Finally, Amalgamated Bank purchased a new stake in ESCO Technologies during the first quarter worth about $200,000. Institutional investors own 97.58% of the company’s stock.

ESCO Technologies Inc. (NYSE ESE) traded down 3.66% during mid-day trading on Friday, hitting $51.40. 184,126 shares of the stock were exchanged. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 25.96 and a beta of 1.01. ESCO Technologies Inc. has a 52 week low of $42.95 and a 52 week high of $63.80. The company has a 50 day moving average price of $60.15 and a 200 day moving average price of $57.88.

ESCO Technologies (NYSE:ESE) last issued its quarterly earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. ESCO Technologies had a return on equity of 8.36% and a net margin of 8.06%. The company had revenue of $172 million during the quarter, compared to analyst estimates of $172 million. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. Analysts expect that ESCO Technologies Inc. will post $2.08 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Tuesday, October 3rd will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, October 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.62%. ESCO Technologies’s dividend payout ratio (DPR) is presently 16.16%.

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A number of analysts have recently issued reports on the stock. Wunderlich assumed coverage on shares of ESCO Technologies in a research note on Tuesday, June 13th. They set a “buy” rating and a $71.00 price objective on the stock. FBR & Co reiterated an “outperform” rating on shares of ESCO Technologies in a research note on Tuesday, July 11th. Finally, BidaskClub lowered shares of ESCO Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $66.50.

About ESCO Technologies

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.

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

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