Louisiana State Employees Retirement System Purchases 200 Shares of ESCO Technologies Inc. (NYSE:ESE)

Louisiana State Employees Retirement System grew its position in shares of ESCO Technologies Inc. (NYSE:ESE) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,000 shares of the scientific and technical instruments company’s stock after purchasing an additional 200 shares during the quarter. Louisiana State Employees Retirement System owned approximately 0.05% of ESCO Technologies worth $1,366,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Commerce Bank bought a new position in ESCO Technologies during the fourth quarter valued at approximately $33,226,000. Public Employees Retirement Association of Colorado grew its holdings in shares of ESCO Technologies by 5,817.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 212,433 shares of the scientific and technical instruments company’s stock valued at $24,861,000 after purchasing an additional 208,843 shares during the last quarter. Norges Bank bought a new position in shares of ESCO Technologies during the 4th quarter valued at $20,328,000. Tributary Capital Management LLC purchased a new position in ESCO Technologies in the 1st quarter worth $12,377,000. Finally, Champlain Investment Partners LLC lifted its stake in ESCO Technologies by 6.1% in the first quarter. Champlain Investment Partners LLC now owns 1,215,101 shares of the scientific and technical instruments company’s stock worth $130,077,000 after purchasing an additional 69,500 shares during the last quarter. 95.70% of the stock is owned by hedge funds and other institutional investors.

ESCO Technologies Stock Up 1.7 %

Shares of NYSE:ESE opened at $119.87 on Monday. The stock’s 50-day moving average is $113.53 and its 200 day moving average is $107.41. The company has a market cap of $3.09 billion, a PE ratio of 31.46 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.15 and a quick ratio of 1.42. ESCO Technologies Inc. has a 1 year low of $94.59 and a 1 year high of $125.54.

ESCO Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. ESCO Technologies’s dividend payout ratio is presently 8.40%.

Analysts Set New Price Targets

Separately, Stephens reiterated an “overweight” rating and issued a $125.00 price objective on shares of ESCO Technologies in a report on Tuesday, July 9th.

ESCO Technologies 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.