New York State Teachers Retirement System trimmed its stake in ESCO Technologies Inc. (NYSE:ESE – Free Report) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,117 shares of the scientific and technical instruments company’s stock after selling 1,943 shares during the period. New York State Teachers Retirement System’s holdings in ESCO Technologies were worth $1,418,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Mariner LLC grew its position in shares of ESCO Technologies by 2.7% in the 3rd quarter. Mariner LLC now owns 5,250 shares of the scientific and technical instruments company’s stock valued at $548,000 after buying an additional 138 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of ESCO Technologies by 5.2% in the second quarter. Baird Financial Group Inc. now owns 3,091 shares of the scientific and technical instruments company’s stock worth $320,000 after acquiring an additional 153 shares during the period. LPL Financial LLC boosted its holdings in ESCO Technologies by 7.1% in the third quarter. LPL Financial LLC now owns 2,564 shares of the scientific and technical instruments company’s stock valued at $268,000 after acquiring an additional 171 shares during the last quarter. State of Wyoming increased its position in ESCO Technologies by 25.6% during the 2nd quarter. State of Wyoming now owns 917 shares of the scientific and technical instruments company’s stock valued at $95,000 after purchasing an additional 187 shares during the period. Finally, Captrust Financial Advisors raised its holdings in ESCO Technologies by 0.9% during the 2nd quarter. Captrust Financial Advisors now owns 21,891 shares of the scientific and technical instruments company’s stock worth $1,497,000 after purchasing an additional 206 shares during the last quarter. 95.70% of the stock is owned by institutional investors.
ESCO Technologies Price Performance
Shares of ESE opened at $97.26 on Thursday. The firm has a market cap of $2.51 billion, a PE ratio of 27.02 and a beta of 1.15. ESCO Technologies Inc. has a 52-week low of $89.77 and a 52-week high of $118.60. The business’s 50 day moving average price is $102.04 and its two-hundred day moving average price is $104.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 1.98.
ESCO Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Monday, April 1st were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.33%. ESCO Technologies’s dividend payout ratio (DPR) is presently 8.89%.
Insider Activity
In related news, Director Leon J. Olivier sold 900 shares of ESCO Technologies stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $100.26, for a total value of $90,234.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the stock. Sidoti cut shares of ESCO Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, January 5th. StockNews.com downgraded ESCO Technologies from a “buy” rating to a “hold” rating in a report on Saturday, February 17th.
View Our Latest Stock Analysis on ESCO Technologies
About ESCO Technologies
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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