Segall Bryant & Hamill LLC grew its position in ESCO Technologies Inc. (NYSE:ESE – Free Report) by 21.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,523 shares of the scientific and technical instruments company’s stock after acquiring an additional 10,852 shares during the period. Segall Bryant & Hamill LLC’s holdings in ESCO Technologies were worth $17,029,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of ESE. Northwestern Mutual Wealth Management Co. grew its position in ESCO Technologies by 97,963,600.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,938,911 shares of the scientific and technical instruments company’s stock worth $574,234,000 after acquiring an additional 2,938,908 shares during the last quarter. Invesco Ltd. increased its holdings in ESCO Technologies by 17.8% during the 4th quarter. Invesco Ltd. now owns 1,050,093 shares of the scientific and technical instruments company’s stock valued at $205,178,000 after purchasing an additional 158,949 shares in the last quarter. Capital World Investors raised its position in ESCO Technologies by 103.4% in the 4th quarter. Capital World Investors now owns 902,956 shares of the scientific and technical instruments company’s stock valued at $176,429,000 after purchasing an additional 458,980 shares during the last quarter. Geode Capital Management LLC raised its position in ESCO Technologies by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 633,821 shares of the scientific and technical instruments company’s stock valued at $123,861,000 after purchasing an additional 20,071 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in ESCO Technologies by 1,204.3% in the third quarter. Alliancebernstein L.P. now owns 432,050 shares of the scientific and technical instruments company’s stock worth $91,210,000 after purchasing an additional 398,926 shares in the last quarter. 95.70% of the stock is owned by institutional investors and hedge funds.
ESCO Technologies Stock Performance
ESE stock opened at $314.85 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 0.98. The company has a 50 day moving average price of $322.08 and a 200 day moving average price of $292.33. ESCO Technologies Inc. has a fifty-two week low of $174.92 and a fifty-two week high of $362.15. The stock has a market capitalization of $8.16 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09.
ESCO Technologies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 2nd were 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 was Thursday, July 2nd. ESCO Technologies’s dividend payout ratio is 2.69%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on ESE. Weiss Ratings upgraded ESCO Technologies from a “buy (a-)” rating to a “buy (a)” rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 price target on shares of ESCO Technologies in a report on Friday, April 17th. JPMorgan Chase & Co. started coverage on shares of ESCO Technologies in a research report on Monday, June 15th. They set an “overweight” rating and a $420.00 price target on the stock. Finally, Wall Street Zen lowered shares of ESCO Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two investment 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 company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $410.00.
Get Our Latest Stock Report on ESCO Technologies
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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