Jane Street Group LLC Has $4.24 Million Stock Position in ESCO Technologies Inc. (NYSE:ESE)

Jane Street Group LLC boosted its position in ESCO Technologies Inc. (NYSE:ESE - Free Report) by 31.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,901 shares of the scientific and technical instruments company's stock after purchasing an additional 7,951 shares during the period. Jane Street Group LLC owned approximately 0.13% of ESCO Technologies worth $4,244,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ESE. Dimensional Fund Advisors LP lifted its holdings in shares of ESCO Technologies by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,372,850 shares of the scientific and technical instruments company's stock valued at $144,204,000 after buying an additional 16,152 shares during the period. State Street Corp lifted its holdings in ESCO Technologies by 4.9% in the 3rd quarter. State Street Corp now owns 1,054,039 shares of the scientific and technical instruments company's stock valued at $135,950,000 after acquiring an additional 49,577 shares during the last quarter. Conestoga Capital Advisors LLC lifted its holdings in ESCO Technologies by 1.8% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,047,741 shares of the scientific and technical instruments company's stock valued at $135,138,000 after acquiring an additional 18,676 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in shares of ESCO Technologies by 3.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 438,536 shares of the scientific and technical instruments company's stock valued at $56,563,000 after purchasing an additional 13,894 shares in the last quarter. Finally, Select Equity Group L.P. grew its stake in shares of ESCO Technologies by 277.5% in the 2nd quarter. Select Equity Group L.P. now owns 395,460 shares of the scientific and technical instruments company's stock worth $41,539,000 after purchasing an additional 290,711 shares during the last quarter. 95.70% of the stock is owned by institutional investors.

ESCO Technologies Trading Down 4.2 %

Shares of ESE stock traded down $5.83 during trading hours on Wednesday, reaching $132.00. 116,767 shares of the stock traded hands, compared to its average volume of 124,116. The company has a quick ratio of 1.31, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $3.40 billion, a PE ratio of 33.50 and a beta of 1.11. 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 $137.73 and a 200 day moving average price of $123.35.

ESCO Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. ESCO Technologies's payout ratio is currently 8.12%.

Wall Street Analysts Forecast Growth

ESE has been the subject of a number of research reports. StockNews.com upgraded shares of ESCO Technologies from a "hold" rating to a "buy" rating in a report on Friday, December 13th. Stephens increased their price objective on ESCO Technologies from $135.00 to $145.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. Finally, Benchmark restated a "buy" rating and issued a $150.00 target price on shares of ESCO Technologies in a report on Friday, November 15th.

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.