Emerald Advisers LLC boosted its stake in ESCO Technologies Inc. (NYSE:ESE – Free Report) by 58.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,419 shares of the scientific and technical instruments company’s stock after purchasing an additional 52,379 shares during the period. Emerald Advisers LLC owned about 0.55% of ESCO Technologies worth $29,855,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneva Capital Management LLC increased its stake in shares of ESCO Technologies by 5.9% in the second quarter. Geneva Capital Management LLC now owns 882,959 shares of the scientific and technical instruments company’s stock valued at $169,413,000 after buying an additional 49,173 shares during the period. Invesco Ltd. boosted its holdings in ESCO Technologies by 345.8% in the second quarter. Invesco Ltd. now owns 707,244 shares of the scientific and technical instruments company’s stock valued at $135,699,000 after acquiring an additional 548,600 shares during the last quarter. Tributary Capital Management LLC boosted its holdings in ESCO Technologies by 92.5% in the third quarter. Tributary Capital Management LLC now owns 311,910 shares of the scientific and technical instruments company’s stock valued at $65,847,000 after acquiring an additional 149,918 shares during the last quarter. Hood River Capital Management LLC increased its position in ESCO Technologies by 60.1% during the 2nd quarter. Hood River Capital Management LLC now owns 303,651 shares of the scientific and technical instruments company’s stock valued at $58,262,000 after purchasing an additional 113,940 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in ESCO Technologies by 4.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 233,060 shares of the scientific and technical instruments company’s stock worth $44,717,000 after purchasing an additional 10,772 shares during the last quarter. 95.70% of the stock is owned by institutional investors and hedge funds.
ESCO Technologies Stock Performance
Shares of ESE opened at $226.69 on Thursday. The stock has a 50-day moving average of $207.69 and a 200-day moving average of $205.31. ESCO Technologies Inc. has a one year low of $128.59 and a one year high of $229.46. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.35 and a quick ratio of 0.93. The company has a market cap of $5.86 billion, a PE ratio of 19.63 and a beta of 1.23.
ESCO Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. ESCO Technologies’s payout ratio is presently 2.77%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. CJS Securities raised shares of ESCO Technologies to a “strong-buy” rating in a research note on Thursday, December 11th. Zacks Research upgraded shares of ESCO Technologies to a “hold” rating in a report on Tuesday, December 16th. Weiss Ratings downgraded ESCO Technologies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, January 12th. Finally, Wall Street Zen raised ESCO Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $187.50.
Read Our Latest Analysis on ESE
Insider Buying and Selling at ESCO Technologies
In other ESCO Technologies news, CEO Bryan H. Sayler sold 401 shares of ESCO Technologies stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $220.00, for a total transaction of $88,220.00. Following the completion of the transaction, the chief executive officer owned 20,254 shares in the company, valued at approximately $4,455,880. The trade was a 1.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Vinod M. Khilnani sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $217.99, for a total value of $653,970.00. Following the completion of the sale, the director directly owned 20,468 shares of the company’s stock, valued at approximately $4,461,819.32. This trade represents a 12.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 21,699 shares of company stock worth $4,778,734. 0.70% of the stock is currently owned by insiders.
About ESCO Technologies
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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