Point72 DIFC Ltd Sells 377 Shares of ESCO Technologies Inc. (NYSE:ESE)

Point72 DIFC Ltd decreased its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 23.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,240 shares of the scientific and technical instruments company’s stock after selling 377 shares during the period. Point72 DIFC Ltd’s holdings in ESCO Technologies were worth $130,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ESE. Franklin Resources Inc. lifted its holdings in shares of ESCO Technologies by 1.7% during the 4th quarter. Franklin Resources Inc. now owns 13,231 shares of the scientific and technical instruments company’s stock valued at $1,548,000 after buying an additional 221 shares during the period. TFO Wealth Partners LLC lifted its holdings in ESCO Technologies by 53,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 533 shares of the scientific and technical instruments company’s stock valued at $62,000 after acquiring an additional 532 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in ESCO Technologies in the fourth quarter worth about $563,000. Public Employees Retirement Association of Colorado grew its stake in shares of ESCO Technologies by 5,817.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 212,433 shares of the scientific and technical instruments company’s stock valued at $24,861,000 after purchasing an additional 208,843 shares during the period. Finally, Schroder Investment Management Group grew its stake in shares of ESCO Technologies by 8.0% during the 4th quarter. Schroder Investment Management Group now owns 155,097 shares of the scientific and technical instruments company’s stock valued at $18,151,000 after purchasing an additional 11,479 shares during the period. Institutional investors own 95.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens increased their price objective on shares of ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th.

ESCO Technologies Price Performance

Shares of ESCO Technologies stock opened at $127.98 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.39 and a current ratio of 2.10. The stock’s fifty day moving average is $119.79 and its 200 day moving average is $111.15. The stock has a market cap of $3.30 billion, a P/E ratio of 33.59 and a beta of 1.08. ESCO Technologies Inc. has a one year low of $94.59 and a one year high of $130.89.

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 the consensus estimate of $1.19 by ($0.03). ESCO Technologies had a return on equity of 8.82% and a net margin of 9.95%. The firm had revenue of $260.78 million during the quarter. Sell-side analysts anticipate that ESCO Technologies Inc. will post 4.15 earnings per share for the current 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 paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Wednesday, October 2nd. ESCO Technologies’s dividend payout ratio (DPR) 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.