Dean Capital Management grew its position in ESCO Technologies Inc. (NYSE:ESE – Free Report) by 74.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,120 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,181 shares during the quarter. Dean Capital Management’s holdings in ESCO Technologies were worth $1,441,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in ESCO Technologies by 97,963,600.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,938,911 shares of the scientific and technical instruments company’s stock valued at $574,234,000 after acquiring an additional 2,938,908 shares in the last quarter. Capital World Investors grew its position in shares of ESCO Technologies by 103.4% in the fourth quarter. Capital World Investors now owns 902,956 shares of the scientific and technical instruments company’s stock valued at $176,429,000 after purchasing an additional 458,980 shares in the last quarter. Alliancebernstein L.P. increased its holdings in ESCO Technologies by 1,204.3% during the 3rd quarter. Alliancebernstein L.P. now owns 432,050 shares of the scientific and technical instruments company’s stock worth $91,210,000 after acquiring an additional 398,926 shares during the period. Wasatch Advisors LP purchased a new position in shares of ESCO Technologies during the first quarter worth about $81,106,000. Finally, Invesco Ltd. increased its stake in ESCO Technologies by 26.0% in the third quarter. Invesco Ltd. now owns 891,144 shares of the scientific and technical instruments company’s stock valued at $188,129,000 after acquiring an additional 183,900 shares during the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.
ESCO Technologies Stock Performance
Shares of NYSE ESE opened at $327.56 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 1.45. The company has a market cap of $8.49 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.01 and a beta of 1.09. ESCO Technologies Inc. has a 52-week low of $174.92 and a 52-week high of $362.15. The firm’s fifty day moving average is $320.19 and its two-hundred day moving average is $289.23.
ESCO Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 2nd were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, July 2nd. ESCO Technologies’s dividend payout ratio is 2.69%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on ESE shares. JPMorgan Chase & Co. started coverage on ESCO Technologies in a report on Monday, June 15th. They set an “overweight” rating and a $420.00 target price for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $400.00 target price on shares of ESCO Technologies in a report on Friday, April 17th. Wall Street Zen cut shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings raised ESCO Technologies from a “buy (a-)” rating to a “buy (a)” rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $410.00.
Read Our Latest Report on ESCO Technologies
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.
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