Texas Permanent School Fund Corp Sells 1,319 Shares of ESCO Technologies Inc. (NYSE:ESE)

Texas Permanent School Fund Corp trimmed its holdings in shares of ESCO Technologies Inc. (NYSE:ESE) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,259 shares of the scientific and technical instruments company’s stock after selling 1,319 shares during the quarter. Texas Permanent School Fund Corp’s holdings in ESCO Technologies were worth $2,233,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Arizona State Retirement System increased its stake in ESCO Technologies by 1.8% during the second quarter. Arizona State Retirement System now owns 7,222 shares of the scientific and technical instruments company’s stock worth $759,000 after acquiring an additional 130 shares during the last quarter. Victory Capital Management Inc. increased its position in ESCO Technologies by 1.1% during the second quarter. Victory Capital Management Inc. now owns 64,513 shares of the scientific and technical instruments company’s stock valued at $6,776,000 after acquiring an additional 676 shares during the last quarter. Kornitzer Capital Management Inc. KS bought a new position in ESCO Technologies during the second quarter valued at $3,242,000. TD Asset Management Inc lifted its holdings in shares of ESCO Technologies by 4.8% in the 2nd quarter. TD Asset Management Inc now owns 19,630 shares of the scientific and technical instruments company’s stock worth $2,062,000 after acquiring an additional 900 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of ESCO Technologies by 0.6% during the 2nd quarter. Rhumbline Advisers now owns 76,505 shares of the scientific and technical instruments company’s stock worth $8,036,000 after purchasing an additional 493 shares during the period. Institutional investors own 95.70% of the company’s stock.

Analyst Ratings Changes

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

ESCO Technologies Trading Up 1.7 %

NYSE ESE opened at $122.71 on Wednesday. ESCO Technologies Inc. has a 12 month low of $94.59 and a 12 month high of $125.54. The company’s 50-day moving average price is $118.13 and its 200-day moving average price is $109.32. The stock has a market cap of $3.16 billion, a PE ratio of 32.21 and a beta of 1.08. The company has a current ratio of 2.10, a quick ratio of 1.39 and a debt-to-equity ratio of 0.13.

ESCO Technologies (NYSE:ESE) last issued its earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.03). The company had revenue of $260.78 million for the quarter. ESCO Technologies had a return on equity of 8.82% and a net margin of 9.95%. Equities research analysts forecast that ESCO Technologies Inc. will post 4.15 earnings per share for the current year.

ESCO Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. ESCO Technologies’s dividend payout ratio is currently 8.40%.

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.