Nisa Investment Advisors LLC Sells 29,470 Shares of ESCO Technologies Inc. (NYSE:ESE)

Nisa Investment Advisors LLC lessened its position in ESCO Technologies Inc. (NYSE:ESE - Free Report) by 99.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 288 shares of the scientific and technical instruments company's stock after selling 29,470 shares during the period. Nisa Investment Advisors LLC's holdings in ESCO Technologies were worth $37,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of ESE. Vanguard Group Inc. lifted its holdings in shares of ESCO Technologies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 2,895,420 shares of the scientific and technical instruments company's stock valued at $309,955,000 after purchasing an additional 15,801 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in ESCO Technologies by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,372,850 shares of the scientific and technical instruments company's stock worth $144,204,000 after buying an additional 16,152 shares during the period. Champlain Investment Partners LLC lifted its stake in ESCO Technologies by 6.1% in the first quarter. Champlain Investment Partners LLC now owns 1,215,101 shares of the scientific and technical instruments company's stock valued at $130,077,000 after buying an additional 69,500 shares in the last quarter. Conestoga Capital Advisors LLC boosted its holdings in shares of ESCO Technologies by 0.3% in the second quarter. Conestoga Capital Advisors LLC now owns 1,029,065 shares of the scientific and technical instruments company's stock valued at $108,093,000 after buying an additional 3,146 shares during the period. Finally, Select Equity Group L.P. increased its position in shares of ESCO Technologies by 277.5% during the second quarter. Select Equity Group L.P. now owns 395,460 shares of the scientific and technical instruments company's stock worth $41,539,000 after acquiring an additional 290,711 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on ESE shares. Stephens boosted their price objective on shares of ESCO Technologies from $135.00 to $145.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. Benchmark reissued a "buy" rating and issued a $150.00 price target on shares of ESCO Technologies in a research note on Tuesday.

ESCO Technologies Stock Up 0.9 %

Shares of ESE traded up $1.21 during mid-day trading on Friday, hitting $141.96. 205,092 shares of the company's stock were exchanged, compared to its average volume of 99,765. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.10 and a quick ratio of 1.39. ESCO Technologies Inc. has a 52 week low of $96.69 and a 52 week high of $147.80. The company has a market cap of $3.66 billion, a PE ratio of 36.78 and a beta of 1.08. The company has a 50-day simple moving average of $125.20 and a 200 day simple moving average of $116.11.

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

ESCO Technologies 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.