ESCO Technologies Inc. (NYSE:ESE – Get Free Report) announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Thursday, July 2nd will be paid a dividend of 0.08 per share by the scientific and technical instruments company on Friday, July 17th. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, July 2nd.
ESCO Technologies has decreased its dividend by an average of 0.0%per year over the last three years. ESCO Technologies has a payout ratio of 4.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ESCO Technologies to earn $9.12 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.5%.
ESCO Technologies Trading Up 1.7%
Shares of NYSE:ESE opened at $345.70 on Tuesday. The firm has a fifty day moving average of $313.90 and a two-hundred day moving average of $271.86. The company has a quick ratio of 0.98, a current ratio of 1.45 and a debt-to-equity ratio of 0.08. ESCO Technologies has a 12-month low of $174.92 and a 12-month high of $362.15. The firm has a market capitalization of $8.96 billion, a P/E ratio of 29.07, a price-to-earnings-growth ratio of 2.09 and a beta of 1.12.
Institutional Trading of ESCO Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of ESE. Northwestern Mutual Wealth Management Co. boosted its stake in ESCO Technologies by 97,963,600.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,938,911 shares of the scientific and technical instruments company’s stock worth $574,234,000 after buying an additional 2,938,908 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of ESCO Technologies by 17.8% during the 4th quarter. Invesco Ltd. now owns 1,050,093 shares of the scientific and technical instruments company’s stock worth $205,178,000 after acquiring an additional 158,949 shares during the period. Capital World Investors boosted its position in shares of ESCO Technologies by 103.4% during the 4th quarter. Capital World Investors now owns 902,956 shares of the scientific and technical instruments company’s stock valued at $176,429,000 after acquiring an additional 458,980 shares in the last quarter. Geode Capital Management LLC increased its stake in ESCO Technologies by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 633,821 shares of the scientific and technical instruments company’s stock valued at $123,861,000 after acquiring an additional 20,071 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in ESCO Technologies by 1,204.3% during the third quarter. Alliancebernstein L.P. now owns 432,050 shares of the scientific and technical instruments company’s stock valued at $91,210,000 after purchasing an additional 398,926 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.
About ESCO Technologies
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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