Future Fund LLC boosted its position in ESCO Technologies Inc. (NYSE:ESE – Free Report) by 26.2% during the first quarter, HoldingsChannel.com reports. The fund owned 9,347 shares of the scientific and technical instruments company’s stock after buying an additional 1,940 shares during the quarter. Future Fund LLC’s holdings in ESCO Technologies were worth $2,630,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ESE. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of ESCO Technologies by 97,963,600.0% in the 4th 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 purchasing an additional 2,938,908 shares in the last quarter. Capital World Investors increased its stake in shares of ESCO Technologies by 103.4% in 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 purchasing an additional 458,980 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of ESCO Technologies by 1,204.3% during the 3rd 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 in the last quarter. Wasatch Advisors LP bought a new stake in shares of ESCO Technologies during the 1st quarter worth $81,106,000. Finally, Invesco Ltd. lifted its position in shares of ESCO Technologies by 26.0% during the 3rd quarter. Invesco Ltd. now owns 891,144 shares of the scientific and technical instruments company’s stock worth $188,129,000 after buying an additional 183,900 shares during the last quarter. 95.70% of the stock is currently owned by institutional investors.
ESCO Technologies Stock Down 1.4%
Shares of ESE opened at $317.76 on Friday. ESCO Technologies Inc. has a 52 week low of $174.92 and a 52 week high of $362.15. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 1.98 and a beta of 1.09. 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 stock has a fifty day moving average of $317.08 and a 200-day moving average of $284.04.
ESCO Technologies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 2nd were 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 was Thursday, July 2nd. ESCO Technologies’s dividend payout ratio (DPR) is presently 2.69%.
Analysts Set New Price Targets
A number of research firms have issued reports on ESE. Wall Street Zen cut ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 target price on shares of ESCO Technologies in a report on Friday, April 17th. JPMorgan Chase & Co. started 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. Finally, Weiss Ratings raised shares of ESCO Technologies from a “buy (b+)” rating to a “buy (a)” rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, ESCO Technologies currently has a consensus rating of “Buy” and an average target price of $410.00.
Get Our Latest Analysis 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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