ESCO Technologies Inc. (NYSE:ESE) Short Interest Update

ESCO Technologies Inc. (NYSE:ESE - Get Free Report) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 342,300 shares, a growth of 30.0% from the October 31st total of 263,300 shares. Based on an average daily volume of 113,700 shares, the short-interest ratio is currently 3.0 days. Approximately 1.4% of the company's stock are short sold.

ESCO Technologies Stock Down 0.1 %

Shares of ESE stock traded down $0.19 during mid-day trading on Monday, reaching $148.22. 18,457 shares of the company were exchanged, compared to its average volume of 125,844. The company has a market capitalization of $3.82 billion, a P/E ratio of 37.67 and a beta of 1.08. The business's 50 day simple moving average is $133.54 and its 200 day simple moving average is $120.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.31 and a current ratio of 1.91. ESCO Technologies has a fifty-two week low of $96.69 and a fifty-two week high of $154.00.

ESCO Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be given a $0.08 dividend. 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 payout ratio is currently 8.12%.

Hedge Funds Weigh In On ESCO Technologies

Several large investors have recently modified their holdings of the stock. First Horizon Advisors Inc. acquired a new stake in ESCO Technologies during the second quarter valued at approximately $36,000. Innealta Capital LLC bought a new position in shares of ESCO Technologies in the 2nd quarter worth about $50,000. GAMMA Investing LLC grew its position in shares of ESCO Technologies by 43.0% during the 3rd quarter. GAMMA Investing LLC now owns 469 shares of the scientific and technical instruments company's stock valued at $60,000 after buying an additional 141 shares during the last quarter. Signaturefd LLC boosted its stake 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 valued at $128,000 after acquiring an additional 150 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of ESCO Technologies during the second quarter valued at approximately $205,000. Institutional investors own 95.70% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. StockNews.com cut shares of ESCO Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Benchmark reissued a "buy" rating and issued a $150.00 price objective on shares of ESCO Technologies in a research report on Friday, November 15th. Finally, Stephens lifted their target price on ESCO Technologies from $135.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th.

ESCO Technologies Company 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.