GAMMA Investing LLC Acquires 102 Shares of ESCO Technologies Inc. (NYSE:ESE)

GAMMA Investing LLC lifted its holdings in shares of ESCO Technologies Inc. (NYSE:ESE) by 21.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 571 shares of the scientific and technical instruments company’s stock after buying an additional 102 shares during the period. GAMMA Investing LLC’s holdings in ESCO Technologies were worth $76,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. TD Asset Management Inc boosted its holdings in shares of ESCO Technologies by 4.8% during the 2nd quarter. TD Asset Management Inc now owns 19,630 shares of the scientific and technical instruments company’s stock valued at $2,062,000 after acquiring an additional 900 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in ESCO Technologies by 1.1% in the second quarter. Victory Capital Management Inc. now owns 64,513 shares of the scientific and technical instruments company’s stock worth $6,776,000 after purchasing an additional 676 shares during the last quarter. Arizona State Retirement System boosted its holdings in ESCO Technologies by 1.8% in the second quarter. Arizona State Retirement System now owns 7,222 shares of the scientific and technical instruments company’s stock worth $759,000 after purchasing an additional 130 shares during the last quarter. Federated Hermes Inc. bought a new stake in ESCO Technologies in the 2nd quarter worth approximately $15,632,000. Finally, Envestnet Asset Management Inc. raised its stake in ESCO Technologies by 76.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 56,216 shares of the scientific and technical instruments company’s stock valued at $5,905,000 after buying an additional 24,305 shares during the last quarter. 95.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on ESE shares. StockNews.com raised ESCO Technologies from a “hold” rating to a “buy” rating in a report on Thursday. Benchmark restated a “buy” rating and set a $150.00 price target on shares of ESCO Technologies in a research note on Friday, November 15th. Finally, 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 Trading Down 2.6 %

NYSE:ESE opened at $128.73 on Friday. ESCO Technologies Inc. has a one year low of $96.69 and a one year high of $154.00. The business has a fifty day moving average price of $140.04 and a 200-day moving average price of $126.70. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 32.67 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.31.

ESCO Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Thursday, January 2nd. ESCO Technologies’s dividend payout ratio (DPR) is currently 8.12%.

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.