Commerce Bank purchased a new position in ESCO Technologies Inc. (NYSE:ESE – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 62,691 shares of the scientific and technical instruments company’s stock, valued at approximately $21,944,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. First Citizens Bank & Trust Co. raised its position in shares of ESCO Technologies by 1.3% during 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 buying an additional 42 shares during the last quarter. Smartleaf Asset Management LLC grew its position in ESCO Technologies by 9.7% during the second quarter. Smartleaf Asset Management LLC now owns 677 shares of the scientific and technical instruments company’s stock worth $132,000 after buying an additional 60 shares in the last quarter. Vident Advisory LLC increased its stake in ESCO Technologies by 3.7% during the third quarter. Vident Advisory LLC now owns 1,678 shares of the scientific and technical instruments company’s stock valued at $354,000 after acquiring an additional 60 shares during the period. Maryland State Retirement & Pension System increased its stake in ESCO Technologies by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 3,774 shares of the scientific and technical instruments company’s stock valued at $737,000 after acquiring an additional 61 shares during the period. Finally, Crossmark Global Holdings Inc. raised its holdings in ESCO Technologies by 3.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 1,675 shares of the scientific and technical instruments company’s stock valued at $327,000 after acquiring an additional 62 shares in the last quarter. Institutional investors own 95.70% of the company’s stock.
ESCO Technologies Price Performance
Shares of ESE stock opened at $287.21 on Friday. ESCO Technologies Inc. has a 1 year low of $191.80 and a 1 year high of $362.15. The company has a current ratio of 1.38, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $323.86 and its 200-day moving average is $301.23. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 1.65 and a beta of 1.10.
ESCO Technologies Dividend Announcement
The company 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. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 1st. ESCO Technologies’s dividend payout ratio (DPR) is 2.64%.
Analyst Ratings Changes
ESE has been the subject of several research reports. JPMorgan Chase & Co. initiated 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 reissued a “buy” rating and issued a $413.00 target price on shares of ESCO Technologies in a report on Monday, August 10th. Wall Street Zen lowered ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings cut ESCO Technologies from a “buy (a)” rating to a “buy (a-)” rating in a report on Tuesday, August 11th. Two research 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. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $416.50.
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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