Bank of New York Mellon Corp Acquires Shares of 175,308 ESCO Technologies Inc. $ESE

Bank of New York Mellon Corp bought a new position in ESCO Technologies Inc. (NYSE:ESE) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 175,308 shares of the scientific and technical instruments company’s stock, valued at approximately $61,365,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in ESCO Technologies by 60.5% in the 1st quarter. AQR Capital Management LLC now owns 7,683 shares of the scientific and technical instruments company’s stock worth $1,223,000 after acquiring an additional 2,896 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of ESCO Technologies by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,399 shares of the scientific and technical instruments company’s stock valued at $2,450,000 after purchasing an additional 664 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of ESCO Technologies during the first quarter valued at $228,000. United Services Automobile Association purchased a new stake in shares of ESCO Technologies during the first quarter valued at $261,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of ESCO Technologies by 19.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,500 shares of the scientific and technical instruments company’s stock valued at $13,127,000 after buying an additional 13,648 shares during the last quarter. Institutional investors own 95.70% of the company’s stock.

ESCO Technologies Stock Performance

Shares of ESE opened at $282.77 on Thursday. The firm has a market capitalization of $7.33 billion, a P/E ratio of 23.29, a PEG ratio of 1.59 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.38 and a quick ratio of 0.94. ESCO Technologies Inc. has a one year low of $193.68 and a one year high of $362.15. The business has a fifty day moving average of $320.72 and a 200 day moving average of $302.59.

ESCO Technologies (NYSE:ESE) last posted its earnings results on Thursday, August 6th. The scientific and technical instruments company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.08. ESCO Technologies had a return on equity of 13.28% and a net margin of 24.39%.The company had revenue of $339.03 million for the quarter, compared to the consensus estimate of $341.40 million. During the same quarter in the prior year, the company earned $1.60 earnings per share. ESCO Technologies’s revenue was up 14.4% on a year-over-year basis. ESCO Technologies has set its FY 2026 guidance at 8.300-8.400 EPS and its Q4 2026 guidance at 2.550-2.650 EPS. As a group, sell-side analysts anticipate that ESCO Technologies Inc. will post 8.35 EPS for the current year.

ESCO Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, October 1st. ESCO Technologies’s payout ratio is 2.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wall Street Zen lowered ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. started coverage on shares of ESCO Technologies in a report on Monday, June 15th. They set an “overweight” rating and a $420.00 price target on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $413.00 price target on shares of ESCO Technologies in a research note on Monday, August 10th. Finally, Weiss Ratings cut shares of ESCO Technologies from a “buy (a)” rating to a “buy (a-)” rating in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $416.50.

ESCO Technologies Company Profile

ESCO Technologies Inc is a diversified manufacturer of engineered products and systems designed to meet customers’ critical performance requirements in the test, measurement, control, and filtration of data, fluids, and gases. The company serves a wide range of end markets, including commercial aerospace, defense, industrial, medical, and communication network sectors. ESCO’s solutions are tailored to environments where reliability, precision and regulatory compliance are paramount.

Operating through multiple business segments, ESCO Technologies delivers test and measurement instruments such as RF and microwave components, signal distribution systems, and integrated test enclosures that support defense and aerospace programs.