VIRGINIA RETIREMENT SYSTEMS ET Al cut its stake in ESCO Technologies Inc. (NYSE:ESE – Free Report) by 48.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,050 shares of the scientific and technical instruments company’s stock after selling 3,750 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in ESCO Technologies were worth $791,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. increased its holdings in ESCO Technologies by 26.0% in the 3rd quarter. Invesco Ltd. now owns 891,144 shares of the scientific and technical instruments company’s stock valued at $188,129,000 after buying an additional 183,900 shares during the period. Capital World Investors acquired a new position in shares of ESCO Technologies in the 3rd quarter valued at approximately $93,728,000. Alliancebernstein L.P. raised its position in shares of ESCO Technologies by 1,204.3% in the 3rd quarter. Alliancebernstein L.P. now owns 432,050 shares of the scientific and technical instruments company’s stock valued at $91,210,000 after buying an additional 398,926 shares in the last quarter. Wellington Management Group LLP raised its position in shares of ESCO Technologies by 21.3% in the 3rd quarter. Wellington Management Group LLP now owns 369,218 shares of the scientific and technical instruments company’s stock valued at $77,946,000 after buying an additional 64,947 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of ESCO Technologies by 0.5% in the 3rd quarter. Royce & Associates LP now owns 363,372 shares of the scientific and technical instruments company’s stock valued at $76,711,000 after buying an additional 1,630 shares in the last quarter. 95.70% of the stock is owned by institutional investors and hedge funds.
ESCO Technologies Stock Down 0.1%
Shares of NYSE ESE opened at $289.53 on Monday. The company has a market capitalization of $7.50 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 1.78 and a beta of 1.18. ESCO Technologies Inc. has a 52-week low of $174.92 and a 52-week high of $346.20. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 1.45. The company’s 50 day moving average price is $295.00 and its 200-day moving average price is $250.04.
ESCO Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 2nd will be given 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 payout ratio is presently 2.69%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $400.00 target price on shares of ESCO Technologies in a research report on Friday, April 17th. Weiss Ratings upgraded shares of ESCO Technologies from a “buy (b+)” rating to a “buy (a)” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered shares of ESCO Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $400.00.
Get Our Latest Research 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.
Further Reading
- Five stocks we like better than ESCO Technologies
- As U.S. Debt Surpasses GDP, These 2 ETFs Are Emerging Winners in the “Sell America” Trade
- Robinhood, SoFi, and Webull Are Telling Very Different Stories
- As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In
- Target the Red-Hot Spin-Off and Merger Space With These ETFs
Want to see what other hedge funds are holding ESE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ESCO Technologies Inc. (NYSE:ESE – Free Report).
Receive News & Ratings for ESCO Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ESCO Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
