ESCO Technologies Inc. (NYSE:ESE) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC raised its holdings in shares of ESCO Technologies Inc. (NYSE:ESE - Free Report) by 55.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,516 shares of the scientific and technical instruments company's stock after acquiring an additional 4,125 shares during the quarter. Cerity Partners LLC's holdings in ESCO Technologies were worth $1,485,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. purchased a new position in shares of ESCO Technologies during the second quarter valued at about $36,000. Innealta Capital LLC purchased a new position in ESCO Technologies in the second quarter worth about $50,000. GAMMA Investing LLC grew its position in ESCO Technologies by 43.0% in the third quarter. GAMMA Investing LLC now owns 469 shares of the scientific and technical instruments company's stock worth $60,000 after acquiring an additional 141 shares in the last quarter. Signaturefd LLC grew its position in ESCO Technologies by 17.9% in the third quarter. Signaturefd LLC now owns 990 shares of the scientific and technical instruments company's stock worth $128,000 after acquiring an additional 150 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in ESCO Technologies in the second quarter worth about $205,000. 95.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ESE. Stephens lifted their price target on ESCO Technologies from $135.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Benchmark reiterated a "buy" rating and issued a $150.00 price target on shares of ESCO Technologies in a research report on Friday, November 15th. Finally, StockNews.com lowered ESCO Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th.

ESCO Technologies Trading Down 0.2 %

Shares of NYSE:ESE traded down $0.29 during trading hours on Wednesday, hitting $146.27. 77,984 shares of the company's stock traded hands, compared to its average volume of 125,691. ESCO Technologies Inc. has a 1 year low of $96.69 and a 1 year high of $154.00. The business has a fifty day moving average price of $134.86 and a 200-day moving average price of $121.20. The firm has a market capitalization of $3.77 billion, a P/E ratio of 37.12 and a beta of 1.11. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.31.

ESCO Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Thursday, January 2nd. ESCO Technologies's dividend payout ratio is presently 8.12%.

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.