Marshwinds Advisory Co Lowers stake in ESCO Technologies (ESE)

ESCO Technologies (ESE) : Marshwinds Advisory Co reduced its stake in ESCO Technologies by 0.84% during the most recent quarter end. The investment management company now holds a total of 47,046 shares of ESCO Technologies which is valued at $2,121,775 after selling 400 shares in ESCO Technologies , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.ESCO Technologies makes up approximately 1.06% of Marshwinds Advisory Co’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in ESE by selling 310 shares or 7.84% in the most recent quarter. The Hedge Fund company now holds 3,645 shares of ESE which is valued at $166,066. ESCO Technologies makes up approx 0.02% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ESE by selling 4,096 shares or 49.22% in the most recent quarter. The Hedge Fund company now holds 4,226 shares of ESE which is valued at $196,763. Washington Trust Bank added ESE to its portfolio by purchasing 52 company shares during the most recent quarter which is valued at $2,421.Eqis Capital Management boosted its stake in ESE in the latest quarter, The investment management firm added 452 additional shares and now holds a total of 5,509 shares of ESCO Technologies which is valued at $256,499. ESCO Technologies makes up approx 0.02% of Eqis Capital Management’s portfolio.

ESCO Technologies closed down -0.72 points or -1.57% at $45.07 with 75,945 shares getting traded on Tuesday. Post opening the session at $45.56, the shares hit an intraday low of $44.87 and an intraday high of $46.4 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, ESCO Technologies reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.44. The company had revenue of $140.20 million for the quarter, compared to analysts expectations of $143.18 million. The company’s revenue was up 4.5% compared to the same quarter last year.

ESCO Technologies Inc. is organized based on the products and services it offers. Under this organizational structure the Company has three reporting segments: Filtration or Fluid Flow (Filtration) RF Shielding and Test (Test) and Utility Solutions Group (USG). The Filtration segment’s operations consist of: PTI Technologies Inc. VACCO Industries Crissair Inc. and Thermoform Engineered Quality LLC. Test segment operations consist of ETS-Lindgren Inc. (ETS-Lindgren). ETS-Lindgren is an industry leader in providing its customers with the ability to identify measure and contain magnetic electromagnetic and acoustic energy. The Company’s USG segment’s operations consist of Doble Engineering Company (Doble). Doble provides intelligent diagnostic test solutions for the electric power delivery industry and is a supplier of power factor and partial discharge testing instruments used to assess the integrity of high-voltage power delivery equipment.

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