Rice Hall James & Associates Trimmed Its Esco Technologies (ESE) Holding by $326,598; Stock Declined; Merck & Co (MRK) Shareholder Investment Partners LTD Has Cut Holding as Share Value Rose

June 8, 2018 - By Vivian Park

ESCO Technologies Inc. (NYSE:ESE) Logo

Investment Partners Ltd decreased its stake in Merck & Co Inc (MRK) by 38.6% based on its latest 2018Q1 regulatory filing with the SEC. Investment Partners Ltd sold 5,773 shares as the company’s stock rose 5.40% while stock markets declined. The institutional investor held 9,183 shares of the health care company at the end of 2018Q1, valued at $500,000, down from 14,956 at the end of the previous reported quarter. Investment Partners Ltd who had been investing in Merck & Co Inc for a number of months, seems to be less bullish one the $166.77 billion market cap company. The stock increased 0.10% or $0.06 during the last trading session, reaching $61.99. About 7.55M shares traded. Merck & Co., Inc. (NYSE:MRK) has declined 9.15% since June 8, 2017 and is downtrending. It has underperformed by 21.72% the S&P500. Some Historical MRK News: 25/04/2018 – EC OKS BRISTOL-MYERS SQUIBB’S OPDIVO (NIVOLUMAB) FOUR-WEEK DOSI; 13/03/2018 – Merck: First Filing Acceptance for an Anti-PD-1 Therapy in Cervical Cancer; 15/05/2018 – MERCK KGAA MRCG.DE SAYS NEGATIVE EXCHANGE RATE EFFECTS ON ADJ EBITDA NOW SEEN IN A RANGE OF -5% TO -7% (PREVIOUSLY -4% TO -6%); 06/04/2018 – NewLink Will Review Clinical Programs After Merck, Incyte Trial Failure — MarketWatch; 20/03/2018 – Phase III IMpower131 Study Showed Genentech’s TECENTRIQ (Atezolizumab) Plus Chemotherapy (Carboplatin and ABRAXANE) Reduced; 19/04/2018 – P&G to acquire German Merck’s consumer health business for about $4.21 billion; 07/05/2018 – Roche: FDA Grants Priority Review for Tecentriq in Lung Cancer Treatment; 29/03/2018 – Singulair (montelukast; Merck & Co/Kyorin) Drug Analysis 2018 – ResearchAndMarkets.com; 23/03/2018 – Merck & Co Gets Use Extension Recommendation in Europe; 08/03/2018 – MERCK KGAA CEO: CONS HEALTH BUYER SHLD OFFER UNIT A GOOD FUTURE

Rice Hall James & Associates Llc decreased its stake in Esco Technologies Inc. (ESE) by 18.2% based on its latest 2018Q1 regulatory filing with the SEC. Rice Hall James & Associates Llc sold 5,631 shares as the company’s stock declined 10.39% with the market. The institutional investor held 25,312 shares of the telecommunications equipment company at the end of 2018Q1, valued at $1.48 million, down from 30,943 at the end of the previous reported quarter. Rice Hall James & Associates Llc who had been investing in Esco Technologies Inc. for a number of months, seems to be less bullish one the $1.52 billion market cap company. The stock increased 0.60% or $0.35 during the last trading session, reaching $58.65. About 59,680 shares traded. ESCO Technologies Inc. (NYSE:ESE) has declined 3.47% since June 8, 2017 and is downtrending. It has underperformed by 16.04% the S&P500. Some Historical ESE News: 19/04/2018 – Weir Group PLC to Acquire ESCO for $1.05 Bln Equity Value; 15/03/2018 – NY PSC: PSC Rules Against Three ESCOs, OKs 4th ESCO to Serve Low-Income Customers – 03/15/2018; 08/05/2018 – ESCO Technologies Sees 2018 EPS $3.55-EPS $3.65; 08/05/2018 – ESCO TECHNOLOGIES INC ESE.N FY2018 SHR VIEW $2.67 — THOMSON REUTERS l/B/E/S; 14/03/2018 – ESCO: PURCHASE OF NORTH AMERICAN UTILITY SOLUTIONS PROVIDER; 19/04/2018 – WEIR GROUP PLC WEIR.L – WEIR HAS ENTERED INTO A BINDING AGREEMENT TO ACQUIRE ESCO CORPORATION (“ESCO”), A US COMPANY BASED IN PORTLAND, OREGON, FOR AN EQUITY VALUE OF US$1,051M AND AN ESTIMATED…; 08/05/2018 – ESCO TECH 2Q ADJ EPS 48C, EST. 40C; 14/03/2018 – ESCO TECHNOLOGIES INC – MANTA TO OPERATE AS PRODUCT LINE OF DOBLE ENGINEERING AS PART OF ESCO’S UTILITIES SOLUTIONS GROUP OPERATING SEGMENT; 19/04/2018 – UK’s Weir to buy U.S. mining tools maker ESCO for $1.05 bln; 08/05/2018 – ESCO TECHNOLOGIES INC ESE.N SEES FY 2018 GAAP SHR $3.55 TO $3.65

Another recent and important ESCO Technologies Inc. (NYSE:ESE) news was published by Globenewswire.com which published an article titled: “New Research Coverage Highlights FutureFuel, Datawatch, Independence Contract Drilling, Hooker Furniture …” on May 25, 2018.

Investors sentiment increased to 1.31 in Q1 2018. Its up 0.02, from 1.29 in 2017Q4. It improved, as 6 investors sold ESE shares while 46 reduced holdings. 17 funds opened positions while 51 raised stakes. 23.25 million shares or 2.47% less from 23.84 million shares in 2017Q4 were reported. New York State Common Retirement Fund owns 0% invested in ESCO Technologies Inc. (NYSE:ESE) for 28,200 shares. Mufg Americas Corp owns 182 shares. Alliancebernstein Lp holds 31,702 shares. Northern Trust invested in 487,753 shares. Ls Invest Advsrs Ltd Liability Company, a Michigan-based fund reported 783 shares. Principal Group Inc Inc accumulated 0.01% or 198,098 shares. Amalgamated National Bank & Trust reported 3,625 shares. Trexquant Invest Ltd Partnership holds 4,783 shares or 0.02% of its portfolio. West Oak Cap Lc invested 0% in ESCO Technologies Inc. (NYSE:ESE). Kennedy Management Incorporated invested in 102,799 shares or 0.12% of the stock. Van Eck Associate Corporation holds 33,411 shares or 0.01% of its portfolio. First Advsr Ltd Partnership owns 23,097 shares. Invest Counselors Of Maryland Llc reported 302,435 shares. Price T Rowe Associates Md reported 0.03% in ESCO Technologies Inc. (NYSE:ESE). Td Asset Management holds 0% or 41,083 shares in its portfolio.

Among 8 analysts covering ESCO Technologies (NYSE:ESE), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. ESCO Technologies had 11 analyst reports since August 12, 2015 according to SRatingsIntel. Euro Pacific Capital initiated the stock with “Buy” rating in Monday, October 12 report. On Wednesday, May 4 the stock rating was maintained by BB&T Capital with “Buy”. As per Tuesday, November 21, the company rating was upgraded by Needham. The firm earned “Sell” rating on Friday, August 28 by Zacks. The stock has “Hold” rating by Canaccord Genuity on Wednesday, August 12. The stock of ESCO Technologies Inc. (NYSE:ESE) earned “Hold” rating by Needham on Monday, October 16.

Rice Hall James & Associates Llc, which manages about $1.51 billion and $2.56 billion US Long portfolio, upped its stake in Pegasystems Inc. (NASDAQ:PEGA) by 20,453 shares to 379,832 shares, valued at $23.04M in 2018Q1, according to the filing. It also increased its holding in Mastec Inc. (NYSE:MTZ) by 167,316 shares in the quarter, for a total of 304,791 shares, and has risen its stake in Vulcan Materials Co (NYSE:VMC).

Since February 15, 2018, it had 0 insider buys, and 2 insider sales for $575,427 activity. $265,427 worth of ESCO Technologies Inc. (NYSE:ESE) shares were sold by SOLLEY LARRY W.

Analysts await ESCO Technologies Inc. (NYSE:ESE) to report earnings on August, 14. They expect $0.71 earnings per share, up 39.22% or $0.20 from last year’s $0.51 per share. ESE’s profit will be $18.39 million for 20.65 P/E if the $0.71 EPS becomes a reality. After $0.48 actual earnings per share reported by ESCO Technologies Inc. for the previous quarter, Wall Street now forecasts 47.92% EPS growth.

More important recent Merck & Co., Inc. (NYSE:MRK) news were published by: Seekingalpha.com which released: “Congo’s Ebola outbreak in ‘new phase'” on May 17, 2018, also Streetinsider.com published article titled: “Merck (MRK) PT Raised to $74 at SunTrust Robinson Humphrey”, Seekingalpha.com published: “New Ebola outbreak hits Congo” on May 13, 2018. More interesting news about Merck & Co., Inc. (NYSE:MRK) was released by: Livetradingnews.com and their article: “Merck & Co., Inc. (NYSE:MRK) Trending Upwards” with publication date: May 18, 2018.

Analysts await Merck & Co., Inc. (NYSE:MRK) to report earnings on July, 27. They expect $1.04 earnings per share, up 2.97% or $0.03 from last year’s $1.01 per share. MRK’s profit will be $2.80 billion for 14.90 P/E if the $1.04 EPS becomes a reality. After $1.05 actual earnings per share reported by Merck & Co., Inc. for the previous quarter, Wall Street now forecasts -0.95% negative EPS growth.

Among 24 analysts covering Merck & Co. Inc. (NYSE:MRK), 21 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Merck & Co. Inc. had 90 analyst reports since August 13, 2015 according to SRatingsIntel. The rating was upgraded by Citigroup on Wednesday, October 18 to “Buy”. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, April 17. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, February 7 report. The firm earned “Buy” rating on Monday, April 23 by Goldman Sachs. The stock of Merck & Co., Inc. (NYSE:MRK) earned “Buy” rating by BMO Capital Markets on Tuesday, June 6. Cowen & Co maintained it with “Hold” rating and $70.0 target in Friday, November 3 report. The company was maintained on Thursday, April 26 by BMO Capital Markets. As per Thursday, October 12, the company rating was maintained by BMO Capital Markets. Barclays Capital upgraded the stock to “Overweight” rating in Tuesday, December 1 report. The company was upgraded on Thursday, January 12 by Piper Jaffray.

ESCO Technologies Inc. (NYSE:ESE) Institutional Positions Chart

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>