ESCO Technologies Inc. (NYSE:ESE) Shares Purchased by Fmr LLC

Fmr LLC grew its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 126.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,539 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,976 shares during the quarter. Fmr LLC’s holdings in ESCO Technologies were worth $456,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ESE. First Horizon Advisors Inc. purchased a new position in shares of ESCO Technologies in the second quarter valued at $36,000. Innealta Capital LLC purchased a new position in ESCO Technologies in the second quarter valued at about $50,000. GAMMA Investing LLC boosted its stake in shares of ESCO Technologies by 43.0% during the 3rd quarter. GAMMA Investing LLC now owns 469 shares of the scientific and technical instruments company’s stock valued at $60,000 after buying an additional 141 shares during the last quarter. Signaturefd LLC boosted its stake in ESCO Technologies by 17.9% during the 3rd quarter. Signaturefd LLC now owns 990 shares of the scientific and technical instruments company’s stock valued at $128,000 after acquiring an additional 150 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of ESCO Technologies during the second quarter worth about $205,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.

ESCO Technologies Stock Performance

Shares of ESE stock opened at $133.46 on Friday. The company has a market cap of $3.44 billion, a P/E ratio of 33.87 and a beta of 1.11. The business has a 50 day moving average of $138.18 and a two-hundred day moving average of $123.48. ESCO Technologies Inc. has a 52 week low of $96.69 and a 52 week high of $154.00. The company has a quick ratio of 1.31, a current ratio of 1.91 and a debt-to-equity ratio of 0.08.

ESCO Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. ESCO Technologies’s dividend payout ratio is currently 8.12%.

Analyst Ratings Changes

A number of research firms have commented on ESE. StockNews.com raised ESCO Technologies from a “hold” rating to a “buy” rating in a report on Friday, December 13th. Stephens upped their price target on ESCO Technologies from $135.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, Benchmark reaffirmed a “buy” rating and issued a $150.00 price objective on shares of ESCO Technologies in a report on Friday, November 15th.

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.