Odyssean LLC bought a new position in shares of ESCO Technologies Inc. (NYSE:ESE – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,722 shares of the scientific and technical instruments company’s stock, valued at approximately $1,653,000.
Other large investors have also made changes to their positions in the company. Man Group plc purchased a new position in ESCO Technologies in the second quarter valued at about $2,124,000. Jupiter Topco LLC purchased a new stake in ESCO Technologies during the second quarter worth $3,984,000. Hsbc Holdings PLC acquired a new stake in ESCO Technologies in the second quarter valued at $1,751,000. Castleark Management LLC acquired a new stake in ESCO Technologies in the second quarter valued at $11,051,000. Finally, Osterweis Capital Management Inc. purchased a new position in shares of ESCO Technologies in the second quarter valued at $72,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.
ESCO Technologies Stock Up 0.6%
Shares of NYSE:ESE opened at $277.23 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.38 and a debt-to-equity ratio of 0.04. ESCO Technologies Inc. has a 52-week low of $192.05 and a 52-week high of $362.15. The stock’s fifty day simple moving average is $321.76 and its 200-day simple moving average is $302.28. The company has a market capitalization of $7.18 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.58 and a beta of 1.10.
ESCO Technologies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be paid 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 is Thursday, October 1st. ESCO Technologies’s dividend payout ratio (DPR) is currently 2.64%.
Analyst Ratings Changes
Several research analysts have recently issued reports on ESE shares. Wall Street Zen downgraded ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut shares of ESCO Technologies from a “buy (a)” rating to a “buy (a-)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. assumed coverage on shares of ESCO Technologies in a report on Monday, June 15th. They set an “overweight” rating and a $420.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $413.00 target price on shares of ESCO Technologies in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, ESCO Technologies has an average rating of “Buy” and a consensus price target of $416.50.
ESCO Technologies 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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