Voya Investment Management LLC Trims Stock Position in ESCO Technologies Inc. $ESE

Voya Investment Management LLC lowered its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 10.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,979 shares of the scientific and technical instruments company’s stock after selling 839 shares during the period. Voya Investment Management LLC’s holdings in ESCO Technologies were worth $1,110,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of ESCO Technologies by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 2,973,925 shares of the scientific and technical instruments company’s stock valued at $473,211,000 after buying an additional 66,392 shares during the last quarter. Nuveen LLC acquired a new stake in shares of ESCO Technologies during the 1st quarter valued at about $90,067,000. Wellington Management Group LLP grew its position in shares of ESCO Technologies by 152.6% during the 4th quarter. Wellington Management Group LLP now owns 380,104 shares of the scientific and technical instruments company’s stock valued at $50,634,000 after acquiring an additional 229,601 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of ESCO Technologies by 3.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 315,479 shares of the scientific and technical instruments company’s stock valued at $50,199,000 after acquiring an additional 9,402 shares during the period. Finally, Royal Bank of Canada grew its position in shares of ESCO Technologies by 1.8% during the 1st quarter. Royal Bank of Canada now owns 245,228 shares of the scientific and technical instruments company’s stock valued at $39,020,000 after acquiring an additional 4,276 shares during the period. Hedge funds and other institutional investors own 95.70% of the company’s stock.

ESCO Technologies Trading Up 1.2%

ESE stock opened at $215.84 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38. ESCO Technologies Inc. has a 12-month low of $119.57 and a 12-month high of $220.32. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 48.61 and a beta of 1.25. The business’s 50-day moving average is $197.93 and its 200 day moving average is $180.29.

ESCO Technologies (NYSE:ESE) last posted its quarterly earnings data on Thursday, August 7th. The scientific and technical instruments company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.05). ESCO Technologies had a return on equity of 11.19% and a net margin of 10.37%.The firm had revenue of $296.34 million during the quarter, compared to analyst estimates of $320.23 million. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. ESCO Technologies has set its FY 2025 guidance at 5.750-5.900 EPS. Q4 2025 guidance at 2.040-2.190 EPS. On average, sell-side analysts anticipate that ESCO Technologies Inc. will post 5.65 EPS for the current fiscal year.

ESCO Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Thursday, October 2nd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, October 2nd. ESCO Technologies’s payout ratio is presently 7.21%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $187.50.

About ESCO Technologies

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.