Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) by 55.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,907 shares of the company’s stock after acquiring an additional 8,511 shares during the quarter. Geode Capital Management LLC owned approximately 0.86% of Espey Mfg. & Electronics worth $719,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ESP. Secure Asset Management LLC acquired a new position in shares of Espey Mfg. & Electronics in the 3rd quarter valued at $219,000. Ellsworth Advisors LLC boosted its holdings in shares of Espey Mfg. & Electronics by 6.9% in the 3rd quarter. Ellsworth Advisors LLC now owns 23,977 shares of the company’s stock valued at $721,000 after purchasing an additional 1,555 shares during the last quarter. De Lisle Partners LLP boosted its holdings in shares of Espey Mfg. & Electronics by 7.5% in the 3rd quarter. De Lisle Partners LLP now owns 43,114 shares of the company’s stock valued at $1,298,000 after purchasing an additional 3,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Espey Mfg. & Electronics by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 86,612 shares of the company’s stock valued at $1,841,000 after purchasing an additional 1,591 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Espey Mfg. & Electronics by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 111,512 shares of the company’s stock valued at $2,370,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 36.65% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Espey Mfg. & Electronics from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 21st.

Espey Mfg. & Electronics Trading Down 0.6 %

Espey Mfg. & Electronics stock opened at $27.51 on Friday. The firm has a market cap of $76.75 million, a P/E ratio of 11.18 and a beta of 0.15. Espey Mfg. & Electronics Corp. has a 12-month low of $17.97 and a 12-month high of $33.00.

Espey Mfg. & Electronics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 20th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Friday, December 20th. Espey Mfg. & Electronics’s payout ratio is currently 40.65%.

About Espey Mfg. & Electronics

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company's principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high-power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power applications.