Bank of New York Mellon Corp Sells 8,914 Shares of ESCO Technologies Inc. (NYSE:ESE)

Bank of New York Mellon Corp lessened its stake in ESCO Technologies Inc. (NYSE:ESE) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 238,312 shares of the scientific and technical instruments company’s stock after selling 8,914 shares during the period. Bank of New York Mellon Corp owned about 0.92% of ESCO Technologies worth $31,746,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in shares of ESCO Technologies in the fourth quarter worth approximately $30,000. First Horizon Advisors Inc. grew its holdings in ESCO Technologies by 20.9% during the third quarter. First Horizon Advisors Inc. now owns 411 shares of the scientific and technical instruments company’s stock valued at $53,000 after purchasing an additional 71 shares during the period. GAMMA Investing LLC grew its holdings in ESCO Technologies by 21.7% during the fourth quarter. GAMMA Investing LLC now owns 571 shares of the scientific and technical instruments company’s stock valued at $76,000 after purchasing an additional 102 shares during the period. KBC Group NV grew its holdings in ESCO Technologies by 67.5% during the fourth quarter. KBC Group NV now owns 1,169 shares of the scientific and technical instruments company’s stock valued at $156,000 after purchasing an additional 471 shares during the period. Finally, Lindenwold Advisors INC bought a new position in ESCO Technologies during the third quarter valued at $226,000. Institutional investors own 95.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com lowered ESCO Technologies from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Benchmark raised their price target on ESCO Technologies from $150.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Stephens reaffirmed an “overweight” rating and issued a $175.00 price target on shares of ESCO Technologies in a report on Thursday, February 27th.

ESCO Technologies Trading Up 0.0 %

Shares of ESE stock opened at $161.65 on Friday. 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. The company has a market capitalization of $4.17 billion, a PE ratio of 37.94 and a beta of 1.11. The business’s fifty day moving average is $145.26 and its 200 day moving average is $136.15.

ESCO Technologies (NYSE:ESE) last issued its quarterly earnings data on Thursday, February 6th. The scientific and technical instruments company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.34. ESCO Technologies had a return on equity of 9.91% and a net margin of 10.44%. On average, equities research analysts anticipate that ESCO Technologies Inc. will post 5.65 EPS for the current fiscal year.

ESCO Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.20%. ESCO Technologies’s dividend payout ratio (DPR) is currently 7.51%.

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.