SG Americas Securities LLC Increases Stake in ESCO Technologies Inc. (NYSE:ESE)

SG Americas Securities LLC raised its stake in ESCO Technologies Inc. (NYSE:ESEGet Rating) by 23.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,531 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,010 shares during the period. SG Americas Securities LLC’s holdings in ESCO Technologies were worth $773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. grew its stake in ESCO Technologies by 5.1% in the third quarter. GHP Investment Advisors Inc. now owns 93,473 shares of the scientific and technical instruments company’s stock valued at $6,865,000 after purchasing an additional 4,524 shares during the last quarter. Ziegler Capital Management LLC grew its stake in ESCO Technologies by 31.7% in the third quarter. Ziegler Capital Management LLC now owns 103,082 shares of the scientific and technical instruments company’s stock valued at $7,570,000 after purchasing an additional 24,804 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in ESCO Technologies in the third quarter valued at about $911,000. Legal & General Group Plc boosted its holdings in ESCO Technologies by 1.6% in the second quarter. Legal & General Group Plc now owns 75,582 shares of the scientific and technical instruments company’s stock worth $5,168,000 after acquiring an additional 1,175 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in ESCO Technologies by 0.9% in the second quarter. Captrust Financial Advisors now owns 21,891 shares of the scientific and technical instruments company’s stock worth $1,497,000 after acquiring an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 93.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ESE shares. StockNews.com raised ESCO Technologies from a “hold” rating to a “buy” rating in a report on Monday, November 21st. Stephens raised their price target on ESCO Technologies from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, November 21st.

ESCO Technologies Trading Up 1.7 %

ESCO Technologies stock opened at $93.33 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.80 and a debt-to-equity ratio of 0.13. ESCO Technologies Inc. has a 52 week low of $60.03 and a 52 week high of $96.69. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 29.53 and a beta of 1.08. The stock has a 50-day moving average price of $90.71 and a 200 day moving average price of $83.01.

ESCO Technologies (NYSE:ESEGet Rating) last released its earnings results on Thursday, November 17th. The scientific and technical instruments company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.06. ESCO Technologies had a return on equity of 8.13% and a net margin of 9.60%. The firm had revenue of $256.50 million during the quarter. Sell-side analysts anticipate that ESCO Technologies Inc. will post 3.51 EPS for the current year.

ESCO Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 20th. Shareholders of record on Thursday, January 5th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Wednesday, January 4th. ESCO Technologies’s payout ratio is presently 10.13%.

About ESCO Technologies

(Get Rating)

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through Aerospace & Defense, Utility Solutions Group, and RF Shielding and Test segments. 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.

See Also

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Institutional Ownership by Quarter for ESCO Technologies (NYSE:ESE)

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