Jupiter Topco LLC bought a new stake in ESCO Technologies Inc. (NYSE:ESE – Free Report) in the second quarter, Holdings Channel reports. The fund bought 11,392 shares of the scientific and technical instruments company’s stock, valued at approximately $3,984,000.
Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of ESCO Technologies during the 2nd quarter worth about $1,433,229,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of ESCO Technologies by 97,963,600.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,938,911 shares of the scientific and technical instruments company’s stock valued at $574,234,000 after acquiring an additional 2,938,908 shares in the last quarter. Invesco Ltd. increased its stake in shares of ESCO Technologies by 17.8% during the fourth quarter. Invesco Ltd. now owns 1,050,093 shares of the scientific and technical instruments company’s stock valued at $205,178,000 after acquiring an additional 158,949 shares during the period. Capital World Investors increased its stake in shares of ESCO Technologies by 103.4% during the fourth quarter. Capital World Investors now owns 902,956 shares of the scientific and technical instruments company’s stock valued at $176,429,000 after acquiring an additional 458,980 shares during the period. Finally, Geode Capital Management LLC raised its holdings in ESCO Technologies by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 633,821 shares of the scientific and technical instruments company’s stock worth $123,861,000 after purchasing an additional 20,071 shares in the last quarter. Institutional investors and hedge funds own 95.70% of the company’s stock.
ESCO Technologies Trading Down 2.3%
Shares of NYSE:ESE opened at $266.77 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 1.38. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.57 and a beta of 1.10. ESCO Technologies Inc. has a 1-year low of $193.68 and a 1-year high of $362.15. The company has a 50 day moving average price of $315.04 and a 200 day moving average price of $302.71.
ESCO Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be given a $0.08 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. ESCO Technologies’s dividend payout ratio (DPR) is 2.64%.
Wall Street Analysts Forecast Growth
ESE has been the subject of a number of research analyst reports. Wall Street Zen downgraded ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $413.00 price objective on shares of ESCO Technologies in a research note on Monday, August 10th. Weiss Ratings lowered ESCO Technologies from a “buy (a-)” rating to a “buy (b)” rating in a report on Tuesday, August 25th. Finally, JPMorgan Chase & Co. began coverage on ESCO Technologies in a research note on Monday, June 15th. They set an “overweight” rating and a $420.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, ESCO Technologies currently has a consensus rating of “Buy” and a consensus target price of $416.50.
Read Our Latest 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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