Globeflex Capital L P bought a new stake in shares of ESCO Technologies Inc. (NYSE:ESE – Free Report) during the second quarter, HoldingsChannel reports. The firm bought 29,489 shares of the scientific and technical instruments company’s stock, valued at approximately $10,322,000. ESCO Technologies makes up approximately 1.3% of Globeflex Capital L P’s holdings, making the stock its 13th largest holding.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Allworth Financial LP bought a new stake in ESCO Technologies during the second quarter worth about $36,000. Quarry LP boosted its stake in ESCO Technologies by 842.9% during the 4th quarter. Quarry LP now owns 132 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 118 shares during the last quarter. State of Wyoming bought a new stake in ESCO Technologies in the 1st quarter worth about $38,000. SBI Securities Co. Ltd. grew its stake in shares of ESCO Technologies by 3,140.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 162 shares of the scientific and technical instruments company’s stock worth $32,000 after acquiring an additional 157 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new stake in ESCO Technologies in the fourth quarter worth approximately $39,000. 95.70% of the stock is owned by hedge funds and other institutional investors.
ESCO Technologies Stock Performance
Shares of NYSE ESE opened at $287.21 on Monday. The firm has a fifty day moving average price of $323.86 and a 200-day moving average price of $301.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.38 and a quick ratio of 0.94. The stock has a market cap of $7.44 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11. ESCO Technologies Inc. has a 1 year low of $191.80 and a 1 year high of $362.15.
ESCO Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, October 1st. ESCO Technologies’s payout ratio is presently 2.64%.
Wall Street Analyst Weigh In
ESE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. began coverage on shares of ESCO Technologies in a research report on Monday, June 15th. They issued an “overweight” rating and a $420.00 target price for the company. Wall Street Zen downgraded ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $413.00 price objective on shares of ESCO Technologies in a report on Monday, August 10th. Finally, Weiss Ratings cut ESCO Technologies from a “buy (a)” rating to a “buy (a-)” rating in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $416.50.
Read Our Latest Research Report on ESE
About ESCO Technologies
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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