Freemont Management S.A. bought a new stake in ESCO Technologies Inc. (NYSE:ESE – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,900 shares of the scientific and technical instruments company’s stock, valued at approximately $2,911,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in ESCO Technologies in the third quarter valued at $27,000. SBI Securities Co. Ltd. raised its position in ESCO Technologies by 3,140.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 162 shares of the scientific and technical instruments company’s stock valued at $32,000 after purchasing an additional 157 shares during the period. First Horizon Corp purchased a new stake in ESCO Technologies in the third quarter valued at $36,000. Osterweis Capital Management Inc. purchased a new stake in ESCO Technologies in the second quarter valued at $39,000. Finally, Westside Investment Management Inc. raised its position in ESCO Technologies by 100.0% in the third quarter. Westside Investment Management Inc. now owns 188 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 94 shares during the period. Hedge funds and other institutional investors own 95.70% of the company’s stock.
ESCO Technologies Trading Up 0.3%
Shares of NYSE ESE opened at $300.59 on Thursday. ESCO Technologies Inc. has a twelve month low of $174.92 and a twelve month high of $346.20. The company has a current ratio of 1.45, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $294.44 and a 200-day simple moving average of $249.02. The stock has a market capitalization of $7.79 billion, a PE ratio of 25.28, a PEG ratio of 1.84 and a beta of 1.18.
ESCO Technologies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, July 2nd. ESCO Technologies’s dividend payout ratio is presently 2.69%.
Wall Street Analyst Weigh In
ESE has been the topic of a number of research analyst reports. Weiss Ratings upgraded ESCO Technologies from a “buy (b+)” rating to a “buy (a)” rating in a research report on Tuesday. Wall Street Zen cut ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 price objective on shares of ESCO Technologies in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, ESCO Technologies presently has a consensus rating of “Buy” and an average price target of $400.00.
View Our Latest Stock Report on ESE
ESCO Technologies Company Profile
ESCO Technologies Inc is a diversified manufacturer of engineered products and systems designed to meet customers’ critical performance requirements in the test, measurement, control, and filtration of data, fluids, and gases. The company serves a wide range of end markets, including commercial aerospace, defense, industrial, medical, and communication network sectors. ESCO’s solutions are tailored to environments where reliability, precision and regulatory compliance are paramount.
Operating through multiple business segments, ESCO Technologies delivers test and measurement instruments such as RF and microwave components, signal distribution systems, and integrated test enclosures that support defense and aerospace programs.
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