ESCO Technologies Inc. (NYSE:ESE – Get Free Report) announced a quarterly dividend on Thursday, February 5th. Stockholders of record on Thursday, April 2nd will be paid a dividend of 0.08 per share by the scientific and technical instruments company on Friday, April 17th. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, April 2nd.
ESCO Technologies has decreased its dividend by an average of 0.0%annually over the last three years. ESCO Technologies has a dividend payout ratio of 4.6% meaning its dividend is sufficiently covered by earnings. Analysts expect ESCO Technologies to earn $5.64 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 5.7%.
ESCO Technologies Stock Performance
Shares of NYSE:ESE traded up $17.57 during midday trading on Friday, reaching $255.97. The company had a trading volume of 52,586 shares, compared to its average volume of 178,019. The stock has a market cap of $6.62 billion, a P/E ratio of 22.31 and a beta of 1.22. The company’s 50 day moving average price is $210.38 and its 200 day moving average price is $207.96. The company has a current ratio of 1.35, a quick ratio of 0.93 and a debt-to-equity ratio of 0.11. ESCO Technologies has a 52-week low of $134.78 and a 52-week high of $262.07.
Insider Activity
In related news, CEO Bryan H. Sayler sold 9,382 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $220.00, for a total value of $2,064,040.00. Following the sale, the chief executive officer owned 20,655 shares in the company, valued at approximately $4,544,100. This trade represents a 31.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert J. Phillippy sold 3,700 shares of ESCO Technologies stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $222.53, for a total value of $823,361.00. Following the sale, the director directly owned 6,519 shares of the company’s stock, valued at $1,450,673.07. This represents a 36.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 21,699 shares of company stock worth $4,778,734. Company insiders own 0.70% of the company’s stock.
Hedge Funds Weigh In On ESCO Technologies
A number of institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new stake in ESCO Technologies during the third quarter valued at about $27,000. Private Trust Co. NA increased its stake in shares of ESCO Technologies by 118.5% in the third quarter. Private Trust Co. NA now owns 142 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 77 shares during the period. SBI Securities Co. Ltd. raised its position in ESCO Technologies by 3,140.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 162 shares of the scientific and technical instruments company’s stock valued at $32,000 after purchasing an additional 157 shares during the last quarter. First Horizon Corp purchased a new position in shares of ESCO Technologies during the third quarter valued at about $36,000. Finally, Osterweis Capital Management Inc. purchased a new position in ESCO Technologies during the second quarter valued at $39,000. Institutional investors own 95.70% of the company’s stock.
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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