ESCO Technologies Inc. (NYSE:ESE – Get Free Report) announced a quarterly dividend on Thursday, May 7th. Investors 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 of this dividend is Thursday, July 2nd.
ESCO Technologies has decreased its dividend by an average of 0.0%annually over the last three years. ESCO Technologies has a payout ratio of 4.6% meaning its dividend is sufficiently covered by earnings. Analysts expect ESCO Technologies to earn $9.11 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 Down 11.8%
Shares of ESE stock opened at $293.36 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.89 and a current ratio of 1.33. ESCO Technologies has a 52-week low of $172.70 and a 52-week high of $346.20. The company has a market capitalization of $7.60 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 2.09 and a beta of 1.18. The business’s fifty day moving average is $292.85 and its 200 day moving average is $246.69.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 valued at $574,234,000 after buying an additional 2,938,908 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of ESCO Technologies by 17.8% during the fourth quarter. Invesco Ltd. now owns 1,050,093 shares of the scientific and technical instruments company’s stock worth $205,178,000 after purchasing an additional 158,949 shares during the period. Capital World Investors boosted its holdings in shares of ESCO Technologies by 103.4% during the fourth quarter. Capital World Investors now owns 902,956 shares of the scientific and technical instruments company’s stock worth $176,429,000 after purchasing an additional 458,980 shares during the period. Geode Capital Management LLC boosted its holdings in shares of ESCO Technologies by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 633,821 shares of the scientific and technical instruments company’s stock worth $123,861,000 after purchasing an additional 20,071 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in ESCO Technologies by 1,204.3% in the third quarter. Alliancebernstein L.P. now owns 432,050 shares of the scientific and technical instruments company’s stock worth $91,210,000 after buying an additional 398,926 shares during the period. 95.70% of the stock is owned by institutional investors.
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.
Featured Stories
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.
