Stifel Financial Corp Has $762,000 Stock Position in ESCO Technologies Inc. (NYSE:ESE)

Stifel Financial Corp cut its position in shares of ESCO Technologies Inc. (NYSE:ESE) by 15.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,911 shares of the scientific and technical instruments company’s stock after selling 1,046 shares during the period. Stifel Financial Corp’s holdings in ESCO Technologies were worth $762,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ESE. First Horizon Advisors Inc. boosted its position in shares of ESCO Technologies by 20.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 411 shares of the scientific and technical instruments company’s stock valued at $53,000 after acquiring an additional 71 shares in the last quarter. HighTower Advisors LLC boosted its holdings in ESCO Technologies by 5.3% during the third quarter. HighTower Advisors LLC now owns 2,477 shares of the scientific and technical instruments company’s stock valued at $320,000 after purchasing an additional 124 shares in the last quarter. Arizona State Retirement System grew its stake in shares of ESCO Technologies by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 7,222 shares of the scientific and technical instruments company’s stock valued at $759,000 after purchasing an additional 130 shares during the period. GAMMA Investing LLC raised its holdings in shares of ESCO Technologies by 43.0% in the 3rd quarter. GAMMA Investing LLC now owns 469 shares of the scientific and technical instruments company’s stock worth $60,000 after buying an additional 141 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of ESCO Technologies by 17.9% during the 3rd quarter. Signaturefd LLC now owns 990 shares of the scientific and technical instruments company’s stock worth $128,000 after buying an additional 150 shares during the period. 95.70% of the stock is currently owned by institutional investors.

ESCO Technologies Stock Performance

Shares of NYSE:ESE opened at $135.68 on Wednesday. The business has a fifty day moving average of $138.57 and a 200-day moving average of $124.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.31 and a current ratio of 1.91. ESCO Technologies Inc. has a twelve month low of $96.69 and a twelve month high of $154.00. The firm has a market cap of $3.50 billion, a PE ratio of 34.44 and a beta of 1.11.

ESCO Technologies Dividend Announcement

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

Analysts Set New Price Targets

ESE has been the topic of a number of analyst reports. 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. Benchmark reaffirmed a “buy” rating and issued a $150.00 target price on shares of ESCO Technologies in a report on Friday, November 15th. Finally, StockNews.com raised shares of ESCO Technologies from a “hold” rating to a “buy” rating in a report on Tuesday.

About ESCO Technologies

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.