ESCO Technologies Inc. (NYSE:ESE) CFO Sells $191,882.00 in Stock

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ESCO Technologies Inc. (NYSE:ESE) CFO Gary E. Muenster sold 2,593 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $74.00, for a total transaction of $191,882.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Gary E. Muenster also recently made the following trade(s):

  • On Monday, May 20th, Gary E. Muenster sold 3,504 shares of ESCO Technologies stock. The shares were sold at an average price of $72.00, for a total transaction of $252,288.00.
  • On Monday, May 20th, Gary E. Muenster sold 6,097 shares of ESCO Technologies stock. The shares were sold at an average price of $72.85, for a total transaction of $444,166.45.

NYSE:ESE opened at $74.65 on Wednesday. ESCO Technologies Inc. has a 52 week low of $56.65 and a 52 week high of $78.32. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.16 and a quick ratio of 1.54. The firm has a market cap of $1.93 billion, a P/E ratio of 26.95 and a beta of 1.00.

ESCO Technologies (NYSE:ESE) last posted its quarterly earnings results on Tuesday, May 7th. The scientific and technical instruments company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.14. ESCO Technologies had a net margin of 10.45% and a return on equity of 10.86%. The company had revenue of $193.95 million during the quarter, compared to analyst estimates of $192.60 million. During the same period in the prior year, the business posted $0.48 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Equities research analysts expect that ESCO Technologies Inc. will post 3.08 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.43%. ESCO Technologies’s dividend payout ratio is currently 11.55%.

A number of large investors have recently bought and sold shares of ESE. Bank of New York Mellon Corp raised its holdings in ESCO Technologies by 3.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 339,441 shares of the scientific and technical instruments company’s stock worth $23,099,000 after purchasing an additional 11,867 shares in the last quarter. Teachers Advisors LLC raised its holdings in ESCO Technologies by 3.2% in the 3rd quarter. Teachers Advisors LLC now owns 51,460 shares of the scientific and technical instruments company’s stock worth $3,502,000 after purchasing an additional 1,588 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in ESCO Technologies by 12.3% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 86,972 shares of the scientific and technical instruments company’s stock worth $5,918,000 after purchasing an additional 9,526 shares in the last quarter. Morgan Stanley raised its holdings in ESCO Technologies by 86.6% in the 3rd quarter. Morgan Stanley now owns 125,705 shares of the scientific and technical instruments company’s stock worth $8,554,000 after purchasing an additional 58,356 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in ESCO Technologies by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,467,138 shares of the scientific and technical instruments company’s stock worth $167,889,000 after purchasing an additional 37,564 shares in the last quarter. Institutional investors own 94.06% of the company’s stock.

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About ESCO Technologies

ESCO Technologies Inc produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial users worldwide. The company operates in four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG), and Technical Packaging.

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