Atria Investments Inc acquired a new stake in ESCO Technologies Inc. (NYSE:ESE – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 2,003 shares of the scientific and technical instruments company’s stock, valued at approximately $267,000.
Other large investors have also bought and sold shares of the company. State Street Corp increased its position in shares of ESCO Technologies by 4.9% during the third quarter. State Street Corp now owns 1,054,039 shares of the scientific and technical instruments company’s stock worth $135,950,000 after acquiring an additional 49,577 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of ESCO Technologies by 3.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 438,536 shares of the scientific and technical instruments company’s stock valued at $56,563,000 after purchasing an additional 13,894 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of ESCO Technologies by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 306,077 shares of the scientific and technical instruments company’s stock worth $40,773,000 after buying an additional 6,203 shares during the period. Wellington Management Group LLP bought a new position in shares of ESCO Technologies during the third quarter worth about $19,412,000. Finally, Principal Financial Group Inc. raised its position in ESCO Technologies by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 125,266 shares of the scientific and technical instruments company’s stock valued at $16,687,000 after buying an additional 3,562 shares during the last quarter. 95.70% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently commented on ESE. StockNews.com upgraded shares of ESCO Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 13th. Stephens reaffirmed an “overweight” rating and issued a $175.00 target price on shares of ESCO Technologies in a research report on Thursday, February 27th. Finally, Benchmark increased their price target on ESCO Technologies from $150.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th.
ESCO Technologies Trading Down 0.8 %
Shares of NYSE:ESE opened at $159.60 on Tuesday. The company has a 50-day simple moving average of $148.30 and a 200 day simple moving average of $137.94. The company has a market capitalization of $4.12 billion, a P/E ratio of 37.47 and a beta of 1.11. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.35 and a current ratio of 2.04. ESCO Technologies Inc. has a 52-week low of $97.11 and a 52-week high of $171.28.
ESCO Technologies (NYSE:ESE – Get Free Report) last announced its earnings results on Thursday, February 6th. The scientific and technical instruments company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.73 by $0.34. ESCO Technologies had a net margin of 10.44% and a return on equity of 9.91%. Sell-side analysts forecast that ESCO Technologies Inc. will post 5.65 earnings per share for the current year.
ESCO Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be paid a $0.08 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $0.32 annualized dividend and a yield of 0.20%. ESCO Technologies’s dividend payout ratio (DPR) is presently 7.51%.
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.
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