Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Stock Holdings in ESCO Technologies Inc. (NYSE:ESE)

Posted by Defense World Staff on Jan 22nd, 2023

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in ESCO Technologies Inc. (NYSE:ESE – Get Rating) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,100 shares of the scientific and technical instruments company’s stock after purchasing an additional 181 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in ESCO Technologies were worth $742,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ESE. Advisor Group Holdings Inc. boosted its position in ESCO Technologies by 45.6% in the first quarter. Advisor Group Holdings Inc. now owns 2,265 shares of the scientific and technical instruments company’s stock worth $158,000 after purchasing an additional 709 shares during the last quarter. Citigroup Inc. boosted its position in ESCO Technologies by 19.6% in the first quarter. Citigroup Inc. now owns 24,387 shares of the scientific and technical instruments company’s stock worth $1,705,000 after purchasing an additional 4,005 shares during the last quarter. MetLife Investment Management LLC boosted its position in ESCO Technologies by 54.4% in the first quarter. MetLife Investment Management LLC now owns 13,675 shares of the scientific and technical instruments company’s stock worth $956,000 after purchasing an additional 4,820 shares during the last quarter. Rhumbline Advisers boosted its position in ESCO Technologies by 1.0% in the first quarter. Rhumbline Advisers now owns 74,783 shares of the scientific and technical instruments company’s stock worth $5,229,000 after purchasing an additional 728 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in ESCO Technologies by 13.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,408 shares of the scientific and technical instruments company’s stock worth $1,567,000 after purchasing an additional 2,711 shares during the last quarter. 93.96% of the stock is owned by hedge funds and other institutional investors.

ESCO Technologies Stock Up 1.7 %

ESE stock opened at $93.33 on Friday. ESCO Technologies Inc. has a twelve month low of $60.03 and a twelve month high of $96.69. The company has a quick ratio of 1.29, a current ratio of 1.80 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.42 billion, a P/E ratio of 29.53 and a beta of 1.08. The business’s 50-day moving average price is $90.71 and its 200-day moving average price is $83.11.

ESCO Technologies (NYSE:ESE – Get Rating) last issued its earnings results on Thursday, November 17th. The scientific and technical instruments company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.06. The company had revenue of $256.50 million for the quarter. ESCO Technologies had a return on equity of 8.13% and a net margin of 9.60%. On average, equities research analysts forecast that ESCO Technologies Inc. will post 3.51 EPS for the current year.

ESCO Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 20th. Investors of record on Thursday, January 5th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.34%. The ex-dividend date was Wednesday, January 4th. ESCO Technologies’s dividend payout ratio (DPR) is presently 10.13%.

Analysts Set New Price Targets

ESE has been the topic of a number of analyst reports. Stephens lifted their price objective on ESCO Technologies from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, November 21st. StockNews.com raised ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Monday, November 21st.

ESCO Technologies Company Profile

(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.