Crossmark Global Holdings Inc. Has $271,000 Holdings in ESCO Technologies Inc. (NYSE:ESE)

Crossmark Global Holdings Inc. cut its stake in ESCO Technologies Inc. (NYSE:ESE) by 58.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,101 shares of the scientific and technical instruments company’s stock after selling 2,945 shares during the period. Crossmark Global Holdings Inc.’s holdings in ESCO Technologies were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new position in shares of ESCO Technologies during the 2nd quarter worth about $36,000. Innealta Capital LLC acquired a new position in shares of ESCO Technologies during the 2nd quarter worth about $50,000. GAMMA Investing LLC boosted its stake in shares of ESCO Technologies by 43.0% during the 3rd quarter. GAMMA Investing LLC now owns 469 shares of the scientific and technical instruments company’s stock worth $60,000 after buying an additional 141 shares during the last quarter. Signaturefd LLC boosted its stake in shares of ESCO Technologies by 17.9% during the 3rd quarter. Signaturefd LLC now owns 990 shares of the scientific and technical instruments company’s stock worth $128,000 after buying an additional 150 shares during the last quarter. Finally, EntryPoint Capital LLC boosted its stake in shares of ESCO Technologies by 2,178.3% during the 1st quarter. EntryPoint Capital LLC now owns 1,572 shares of the scientific and technical instruments company’s stock worth $168,000 after buying an additional 1,503 shares during the last quarter. 95.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Stephens increased their price objective on shares of ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Benchmark restated a “buy” rating and set a $150.00 price objective on shares of ESCO Technologies in a research note on Friday.

ESCO Technologies Trading Up 3.1 %

Shares of NYSE:ESE opened at $144.30 on Monday. ESCO Technologies Inc. has a 52-week low of $96.69 and a 52-week high of $154.00. The company has a market capitalization of $3.72 billion, a P/E ratio of 36.62 and a beta of 1.08. The company has a 50-day simple moving average of $127.95 and a 200 day simple moving average of $117.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.39 and a current ratio of 2.10.

ESCO Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be paid a $0.08 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.32 annualized dividend and a yield of 0.22%. ESCO Technologies’s dividend payout ratio (DPR) is currently 8.12%.

ESCO Technologies Company 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.