One Capital Management LLC lifted its position in shares of ESCO Technologies Inc. (NYSE:ESE – Free Report) by 40.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,456 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,160 shares during the period. One Capital Management LLC’s holdings in ESCO Technologies were worth $1,457,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in shares of ESCO Technologies during the fourth quarter worth about $9,223,000. Future Fund LLC grew its position in ESCO Technologies by 40.7% in the 4th quarter. Future Fund LLC now owns 7,407 shares of the scientific and technical instruments company’s stock valued at $1,447,000 after buying an additional 2,142 shares in the last quarter. Geode Capital Management LLC grew its position in ESCO Technologies by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 633,821 shares of the scientific and technical instruments company’s stock valued at $123,861,000 after buying an additional 20,071 shares in the last quarter. Summitry LLC grew its position in ESCO Technologies by 19.7% in the 4th quarter. Summitry LLC now owns 3,640 shares of the scientific and technical instruments company’s stock valued at $711,000 after buying an additional 599 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in ESCO Technologies by 20.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 366 shares of the scientific and technical instruments company’s stock valued at $72,000 after buying an additional 62 shares in the last quarter. Institutional investors own 95.70% of the company’s stock.
ESCO Technologies Stock Performance
NYSE:ESE opened at $295.42 on Thursday. ESCO Technologies Inc. has a twelve month low of $174.92 and a twelve month high of $346.20. The company has a current ratio of 1.45, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average of $302.38 and a 200-day moving average of $257.03. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 1.79 and a beta of 1.12.
ESCO Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. ESCO Technologies’s dividend payout ratio is currently 2.69%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on ESE. Weiss Ratings upgraded shares of ESCO Technologies from a “buy (b+)” rating to a “buy (a)” rating in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $400.00 target price on shares of ESCO Technologies in a research report on Friday, April 17th. Finally, Wall Street Zen lowered shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $400.00.
Check Out Our Latest Analysis 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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