Hsbc Holdings PLC lifted its stake in shares of ESCO Technologies Inc. (NYSE:ESE – Free Report) by 84.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,769 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,862 shares during the period. Hsbc Holdings PLC’s holdings in ESCO Technologies were worth $3,573,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Roman Butler Fullerton & Co. purchased a new position in shares of ESCO Technologies during the 1st quarter worth $226,000. Sage Rhino Capital LLC purchased a new position in shares of ESCO Technologies during the first quarter worth $224,000. Abel Hall LLC purchased a new position in shares of ESCO Technologies during the first quarter worth $405,000. Whittier Trust Co. grew its stake in shares of ESCO Technologies by 42.0% in the first quarter. Whittier Trust Co. now owns 284 shares of the scientific and technical instruments company’s stock valued at $83,000 after buying an additional 84 shares in the last quarter. Finally, HB Wealth Management LLC grew its stake in shares of ESCO Technologies by 6.9% in the first quarter. HB Wealth Management LLC now owns 1,207 shares of the scientific and technical instruments company’s stock valued at $340,000 after buying an additional 78 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.
ESCO Technologies Price Performance
ESCO Technologies stock opened at $327.56 on Friday. The stock has a market cap of $8.49 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 2.03 and a beta of 1.09. The company has a fifty day simple moving average of $320.19 and a 200-day simple moving average of $288.62. ESCO Technologies Inc. has a 12-month low of $174.92 and a 12-month high of $362.15. The company has a current ratio of 1.45, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08.
ESCO Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 2nd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, July 2nd. ESCO Technologies’s dividend payout ratio (DPR) is 2.69%.
Analyst Ratings Changes
Several research firms recently issued reports on ESE. Wall Street Zen lowered ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. began coverage on ESCO Technologies in a research report on Monday, June 15th. They issued an “overweight” rating and a $420.00 target price for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $400.00 price target on shares of ESCO Technologies in a research note on Friday, April 17th. Finally, Weiss Ratings raised shares of ESCO Technologies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, ESCO Technologies presently has an average rating of “Buy” and a consensus target price of $410.00.
View Our Latest Stock Report on ESE
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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