Tilia Fiduciary Partners Inc. bought a new position in ESCO Technologies Inc. (NYSE:ESE – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 1,100 shares of the scientific and technical instruments company’s stock, valued at approximately $211,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in ESCO Technologies by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 2,973,925 shares of the scientific and technical instruments company’s stock valued at $473,211,000 after buying an additional 66,392 shares during the last quarter. Nuveen LLC purchased a new stake in ESCO Technologies in the 1st quarter valued at $90,067,000. Charles Schwab Investment Management Inc. raised its position in ESCO Technologies by 3.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 315,479 shares of the scientific and technical instruments company’s stock valued at $50,199,000 after buying an additional 9,402 shares during the last quarter. Royal Bank of Canada raised its position in ESCO Technologies by 1.8% in the 1st quarter. Royal Bank of Canada now owns 245,228 shares of the scientific and technical instruments company’s stock valued at $39,020,000 after buying an additional 4,276 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in ESCO Technologies in the 1st quarter valued at $33,784,000. 95.70% of the stock is owned by hedge funds and other institutional investors.
ESCO Technologies Trading Down 1.1%
Shares of ESCO Technologies stock opened at $208.73 on Friday. ESCO Technologies Inc. has a 1 year low of $119.57 and a 1 year high of $220.32. The firm has a market cap of $5.39 billion, a PE ratio of 47.01 and a beta of 1.23. The stock has a fifty day moving average price of $200.69 and a 200-day moving average price of $183.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 1.04.
ESCO Technologies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Thursday, October 2nd will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, October 2nd. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. ESCO Technologies’s dividend payout ratio is presently 7.21%.
Wall Street Analyst Weigh In
ESE has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of ESCO Technologies in a research report on Saturday, September 27th. Wall Street Zen lowered ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $187.50.
View Our Latest Analysis on ESE
ESCO Technologies Profile
ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines.
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