B. Metzler seel. Sohn & Co. AG acquired a new position in ESCO Technologies Inc. (NYSE:ESE – Free Report) during the second quarter, Holdings Channel reports. The institutional investor acquired 10,945 shares of the scientific and technical instruments company’s stock, valued at approximately $3,831,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. First Citizens Bank & Trust Co. raised its position in shares of ESCO Technologies by 1.3% in the fourth quarter. First Citizens Bank & Trust Co. now owns 3,397 shares of the scientific and technical instruments company’s stock valued at $664,000 after purchasing an additional 42 shares during the period. Smartleaf Asset Management LLC grew its stake in ESCO Technologies by 9.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 677 shares of the scientific and technical instruments company’s stock valued at $132,000 after buying an additional 60 shares during the last quarter. Vident Advisory LLC raised its holdings in ESCO Technologies by 3.7% in the 3rd quarter. Vident Advisory LLC now owns 1,678 shares of the scientific and technical instruments company’s stock worth $354,000 after acquiring an additional 60 shares during the period. Maryland State Retirement & Pension System raised its holdings in ESCO Technologies by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,774 shares of the scientific and technical instruments company’s stock worth $737,000 after acquiring an additional 61 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its position in ESCO Technologies by 3.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 1,675 shares of the scientific and technical instruments company’s stock worth $327,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 95.70% of the company’s stock.
ESCO Technologies Price Performance
Shares of ESCO Technologies stock opened at $287.21 on Friday. The firm has a market cap of $7.44 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 1.63 and a beta of 1.10. The firm’s 50-day simple moving average is $323.86 and its 200-day simple moving average is $301.23. ESCO Technologies Inc. has a twelve month low of $191.80 and a twelve month high of $362.15. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 1.38.
ESCO Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. ESCO Technologies’s dividend payout ratio is 2.64%.
Analyst Upgrades and Downgrades
ESE has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $413.00 price target on shares of ESCO Technologies in a report on Monday, August 10th. Weiss Ratings cut ESCO Technologies from a “buy (a)” rating to a “buy (a-)” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. started coverage on ESCO Technologies in a research note on Monday, June 15th. They set an “overweight” rating and a $420.00 target price for the company. Finally, Wall Street Zen lowered ESCO Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, ESCO Technologies currently has an average rating of “Buy” and a consensus target price of $416.50.
Read Our Latest Stock Report on ESE
ESCO Technologies 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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