ESCO Technologies Inc. (NYSE:ESE) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC trimmed its holdings in ESCO Technologies Inc. (NYSE:ESE) by 0.2% in the 4th quarter, HoldingsChannel reports. The fund owned 872,121 shares of the scientific and technical instruments company’s stock after selling 1,864 shares during the quarter. ESCO Technologies makes up approximately 1.9% of Geneva Capital Management LLC’s holdings, making the stock its 15th biggest holding. Geneva Capital Management LLC’s holdings in ESCO Technologies were worth $102,064,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of ESCO Technologies by 17.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,280 shares of the scientific and technical instruments company’s stock valued at $447,000 after purchasing an additional 636 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of ESCO Technologies by 89.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 67,686 shares of the scientific and technical instruments company’s stock worth $7,069,000 after buying an additional 32,026 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of ESCO Technologies by 2.6% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,011,072 shares of the scientific and technical instruments company’s stock valued at $105,596,000 after purchasing an additional 26,040 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of ESCO Technologies by 6.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 10,090 shares of the scientific and technical instruments company’s stock valued at $1,054,000 after purchasing an additional 586 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of ESCO Technologies by 269.0% in the 3rd quarter. Victory Capital Management Inc. now owns 34,253 shares of the scientific and technical instruments company’s stock valued at $3,577,000 after purchasing an additional 24,971 shares in the last quarter. Institutional investors and hedge funds own 95.70% of the company’s stock.

Insider Activity at ESCO Technologies

In related news, Director Leon J. Olivier sold 900 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $100.26, for a total value of $90,234.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.80% of the company’s stock.

ESCO Technologies Stock Up 1.9 %

Shares of ESE traded up $2.08 during midday trading on Thursday, reaching $111.52. The stock had a trading volume of 130,886 shares, compared to its average volume of 134,657. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.98 and a quick ratio of 1.31. The company’s fifty day simple moving average is $102.91 and its two-hundred day simple moving average is $104.05. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 30.98 and a beta of 1.14. ESCO Technologies Inc. has a 1-year low of $89.77 and a 1-year high of $118.60.

ESCO Technologies (NYSE:ESE) last posted its earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The company had revenue of $218.30 million during the quarter, compared to analysts’ expectations of $221.44 million. ESCO Technologies had a net margin of 9.60% and a return on equity of 8.59%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $0.60 earnings per share. Equities research analysts expect that ESCO Technologies Inc. will post 4.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of ESCO Technologies from a “buy” rating to a “hold” rating in a 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.