Peregrine Capital Management LLC reduced its position in ESCO Technologies Inc. (NYSE:ESE – Free Report) by 4.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 57,315 shares of the scientific and technical instruments company’s stock after selling 2,560 shares during the quarter. Peregrine Capital Management LLC’s holdings in ESCO Technologies were worth $16,127,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Quarry LP lifted its stake in ESCO Technologies by 842.9% during the fourth quarter. Quarry LP now owns 132 shares of the scientific and technical instruments company’s stock worth $26,000 after purchasing an additional 118 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in shares of ESCO Technologies by 3,140.0% in the 4th 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 last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of ESCO Technologies in the 4th quarter valued at $39,000. Osterweis Capital Management Inc. acquired a new position in shares of ESCO Technologies during the 2nd quarter worth $39,000. Finally, Union Savings Bank acquired a new position in shares of ESCO Technologies during the 4th quarter worth $41,000. Institutional investors and hedge funds own 95.70% of the company’s stock.
ESCO Technologies Stock Up 1.2%
Shares of NYSE:ESE opened at $350.02 on Wednesday. ESCO Technologies Inc. has a 52-week low of $174.92 and a 52-week high of $362.15. The company has a market capitalization of $9.07 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 2.12 and a beta of 1.12. 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 has a fifty day moving average of $314.59 and a 200-day moving average of $272.91.
ESCO Technologies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders 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 of this dividend is Thursday, July 2nd. ESCO Technologies’s dividend payout ratio (DPR) is presently 2.69%.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on ESE. Weiss Ratings upgraded ESCO Technologies from a “buy (b+)” rating to a “buy (a)” rating in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $400.00 target price on shares of ESCO Technologies in a research report on Friday, April 17th. Wall Street Zen downgraded ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, JPMorgan Chase & Co. assumed coverage on shares of ESCO Technologies in a research note on Monday, June 15th. They issued an “overweight” rating and a $420.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $410.00.
Get 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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