Dimensional Fund Advisors LP Purchases 16,152 Shares of ESCO Technologies Inc. (NYSE:ESE)

Dimensional Fund Advisors LP boosted its holdings in shares of ESCO Technologies Inc. (NYSE:ESE) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,372,850 shares of the scientific and technical instruments company’s stock after acquiring an additional 16,152 shares during the period. Dimensional Fund Advisors LP owned approximately 5.33% of ESCO Technologies worth $144,204,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new stake in ESCO Technologies during the 2nd quarter worth approximately $36,000. Innealta Capital LLC bought a new stake in ESCO Technologies in the 2nd quarter valued at $50,000. YHB Investment Advisors Inc. bought a new position in ESCO Technologies during the 1st quarter worth about $56,000. TFO Wealth Partners LLC raised its stake in shares of ESCO Technologies by 53,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 533 shares of the scientific and technical instruments company’s stock valued at $62,000 after purchasing an additional 532 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in shares of ESCO Technologies in the first quarter valued at about $126,000. 95.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Stephens reiterated an “overweight” rating and set a $125.00 price objective on shares of ESCO Technologies in a report on Tuesday, July 9th.

ESCO Technologies Stock Down 0.3 %

Shares of ESE stock opened at $125.01 on Friday. The firm’s fifty day moving average price is $118.80 and its two-hundred day moving average price is $109.77. The company has a current ratio of 2.10, a quick ratio of 1.39 and a debt-to-equity ratio of 0.13. ESCO Technologies Inc. has a 1 year low of $94.59 and a 1 year high of $127.01. The firm has a market capitalization of $3.22 billion, a P/E ratio of 32.81 and a beta of 1.08.

ESCO Technologies (NYSE:ESE) last released its earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.03). ESCO Technologies had a net margin of 9.95% and a return on equity of 8.82%. The company had revenue of $260.78 million during the quarter. On average, equities analysts predict that ESCO Technologies Inc. will post 4.15 EPS for the current fiscal year.

ESCO Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. ESCO Technologies’s payout ratio is 8.40%.

ESCO Technologies Profile

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines.