ESPEY MFG & ELECTRONICS CORP $ESP Shares Acquired by Copeland Capital Management LLC

Copeland Capital Management LLC increased its position in shares of ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) by 16.3% in the 2nd quarter, Holdings Channel reports. The firm owned 2,380 shares of the company’s stock after purchasing an additional 334 shares during the period. Copeland Capital Management LLC’s holdings in ESPEY MFG & ELECTRONICS were worth $109,000 at the end of the most recent reporting period.

Separately, Wealth Enhancement Advisory Services LLC purchased a new stake in ESPEY MFG & ELECTRONICS in the 2nd quarter valued at $219,000. Hedge funds and other institutional investors own 36.65% of the company’s stock.

ESPEY MFG & ELECTRONICS Trading Down 1.5%

Shares of NYSE:ESP opened at $39.00 on Friday. ESPEY MFG & ELECTRONICS CORP has a 52-week low of $24.85 and a 52-week high of $55.00. The company has a fifty day moving average of $45.44. The stock has a market cap of $114.04 million, a PE ratio of 13.00 and a beta of 0.17.

ESPEY MFG & ELECTRONICS Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, September 19th. ESPEY MFG & ELECTRONICS’s dividend payout ratio is 33.33%.

ESPEY MFG & ELECTRONICS Profile

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company’s principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high-power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power applications.