Rockefeller Capital Management L.P. boosted its position in ESCO Technologies Inc. (NYSE:ESE – Free Report) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 154,257 shares of the scientific and technical instruments company’s stock after buying an additional 3,939 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in ESCO Technologies were worth $30,140,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of ESCO Technologies by 97,963,600.0% during the 4th 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 acquiring an additional 2,938,908 shares in the last quarter. Invesco Ltd. lifted its position in shares of ESCO Technologies by 17.8% in 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 in the last quarter. Capital World Investors boosted its holdings in 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 last quarter. Geode Capital Management LLC boosted its holdings in 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 last quarter. Finally, Alliancebernstein L.P. grew its position 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 valued at $91,210,000 after purchasing an additional 398,926 shares in the last quarter. Institutional investors own 95.70% of the company’s stock.
ESCO Technologies Stock Up 2.7%
Shares of NYSE:ESE opened at $352.78 on Tuesday. 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 market capitalization of $9.14 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 2.11 and a beta of 1.12. ESCO Technologies Inc. has a 52-week low of $174.92 and a 52-week high of $357.00. The company has a fifty day moving average of $310.34 and a 200-day moving average of $266.69.
ESCO Technologies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $0.32 annualized dividend and a yield of 0.1%. ESCO Technologies’s payout ratio is presently 2.69%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on ESE shares. Weiss Ratings upgraded shares of ESCO Technologies from a “buy (b+)” rating to a “buy (a)” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. initiated coverage on ESCO Technologies in a research note on Monday, June 15th. They set an “overweight” rating and a $420.00 target price for the company. Wall Street Zen downgraded ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $400.00 target price on shares of ESCO Technologies in a research report on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $410.00.
Get Our Latest Stock Report on ESE
ESCO Technologies 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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