Emerald Investment Advisers LLC purchased a new position in ESCO Technologies Inc. (NYSE:ESE – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,089 shares of the scientific and technical instruments company’s stock, valued at approximately $12,283,000. ESCO Technologies makes up 0.8% of Emerald Investment Advisers LLC’s investment portfolio, making the stock its 24th largest holding. Emerald Investment Advisers LLC owned approximately 0.14% of ESCO Technologies at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ESE. Callan Family Office LLC acquired a new stake in ESCO Technologies during the second quarter valued at approximately $224,000. Allworth Financial LP acquired a new position in shares of ESCO Technologies in the 2nd quarter worth approximately $36,000. B. Metzler seel. Sohn & Co. AG acquired a new position in shares of ESCO Technologies in the 2nd quarter worth approximately $3,831,000. Ceredex Value Advisors LLC bought a new position in shares of ESCO Technologies during the 2nd quarter worth approximately $9,364,000. Finally, Vise Technologies Inc. bought a new position in shares of ESCO Technologies during the 2nd quarter worth approximately $360,000. Institutional investors own 95.70% of the company’s stock.
ESCO Technologies Stock Up 0.9%
Shares of ESE opened at $287.21 on Friday. The company has a market capitalization of $7.44 billion, a P/E ratio of 23.66, a PEG ratio of 1.63 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.38 and a quick ratio of 0.94. ESCO Technologies Inc. has a one year low of $191.80 and a one year high of $362.15. The business’s 50 day simple moving average is $323.86 and its 200-day simple moving average is $301.23.
ESCO Technologies Dividend Announcement
The firm also recently announced 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 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 (DPR) is 2.64%.
Wall Street Analyst Weigh In
ESE has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $413.00 price target on shares of ESCO Technologies in a research report on Monday, August 10th. JPMorgan Chase & Co. began coverage on ESCO Technologies in a report on Monday, June 15th. They set an “overweight” rating and a $420.00 price objective for the company. Wall Street Zen lowered shares of ESCO Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings cut shares of ESCO Technologies from a “buy (a)” rating to a “buy (a-)” rating in a research report on Tuesday, August 11th. Two investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $416.50.
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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