Northwestern Mutual Wealth Management Co. grew its stake in shares of ESCO Technologies Inc. (NYSE:ESE – Free Report) by 97,963,600.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,938,911 shares of the scientific and technical instruments company’s stock after buying an additional 2,938,908 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 11.36% of ESCO Technologies worth $574,234,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of ESCO Technologies during the third quarter valued at about $27,000. SBI Securities Co. Ltd. raised its position in shares of ESCO Technologies by 3,140.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 162 shares of the scientific and technical instruments company’s stock valued at $32,000 after buying an additional 157 shares during the last quarter. First Horizon Corp acquired a new position in shares of ESCO Technologies during the third quarter valued at about $36,000. Westside Investment Management Inc. raised its position in shares of ESCO Technologies by 100.0% during the third quarter. Westside Investment Management Inc. now owns 188 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 94 shares during the last quarter. Finally, Quent Capital LLC acquired a new position in shares of ESCO Technologies during the third quarter valued at about $42,000. Institutional investors and hedge funds own 95.70% of the company’s stock.
ESCO Technologies Stock Performance
NYSE:ESE opened at $289.53 on Friday. ESCO Technologies Inc. has a 12-month low of $174.92 and a 12-month high of $346.20. The company has a quick ratio of 0.98, a current ratio of 1.45 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $7.50 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 1.83 and a beta of 1.18. The firm has a 50-day moving average price of $295.00 and a 200 day moving average price of $249.83.
ESCO Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 2nd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, July 2nd. ESCO Technologies’s dividend payout ratio is 2.69%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on ESE. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 price objective on shares of ESCO Technologies in a research report on Friday, April 17th. Weiss Ratings raised shares of ESCO Technologies from a “buy (b+)” rating to a “buy (a)” rating in a research report on Tuesday. 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ESCO Technologies has a consensus rating of “Buy” and a consensus price target of $400.00.
Get Our Latest Stock Analysis on ESCO Technologies
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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