Dean Capital Management cut its stake in shares of ESCO Technologies Inc. (NYSE:ESE – Free Report) by 86.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,939 shares of the scientific and technical instruments company’s stock after selling 18,752 shares during the period. Dean Capital Management’s holdings in ESCO Technologies were worth $574,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UBS Group AG raised its position in shares of ESCO Technologies by 14.6% in the 4th quarter. UBS Group AG now owns 28,760 shares of the scientific and technical instruments company’s stock valued at $5,619,000 after acquiring an additional 3,674 shares during the period. Horizon Investments LLC grew its holdings in shares of ESCO Technologies by 59.4% in the 4th quarter. Horizon Investments LLC now owns 11,821 shares of the scientific and technical instruments company’s stock valued at $2,309,000 after buying an additional 4,406 shares during the period. JPMorgan Chase & Co. increased its position in shares of ESCO Technologies by 59.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 86,026 shares of the scientific and technical instruments company’s stock valued at $18,161,000 after buying an additional 32,069 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of ESCO Technologies in the 4th quarter valued at $1,171,000. Finally, Freemont Management S.A. acquired a new stake in ESCO Technologies during the 4th quarter worth $2,911,000. Institutional investors own 95.70% of the company’s stock.
ESCO Technologies Trading Up 0.0%
Shares of NYSE:ESE opened at $343.67 on Friday. The business’s 50 day simple moving average is $309.48 and its 200 day simple moving average is $265.21. ESCO Technologies Inc. has a 1 year low of $174.92 and a 1 year high of $346.20. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 0.98. The company has a market capitalization of $8.90 billion, a P/E ratio of 28.90, a P/E/G ratio of 2.11 and a beta of 1.12.
ESCO Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, July 2nd. ESCO Technologies’s payout ratio is currently 2.69%.
Wall Street Analysts Forecast Growth
ESE has been the subject of several recent analyst reports. Weiss Ratings upgraded ESCO Technologies from a “buy (b+)” rating to a “buy (a)” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. initiated coverage on ESCO Technologies in a research report on Monday, June 15th. They issued an “overweight” rating and a $420.00 price objective for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $400.00 target price on shares of ESCO Technologies in a research note on Friday, April 17th. Finally, Wall Street Zen downgraded shares of ESCO Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $410.00.
View Our Latest Analysis on ESCO Technologies
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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