BNP Paribas Financial Markets lessened its stake in ESCO Technologies Inc. (NYSE:ESE - Free Report) by 32.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,098 shares of the scientific and technical instruments company's stock after selling 4,309 shares during the quarter. BNP Paribas Financial Markets' holdings in ESCO Technologies were worth $1,173,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its position in ESCO Technologies by 20.9% during the third quarter. First Horizon Advisors Inc. now owns 411 shares of the scientific and technical instruments company's stock worth $53,000 after buying an additional 71 shares during the period. Arizona State Retirement System grew its holdings in ESCO Technologies by 1.8% during the second quarter. Arizona State Retirement System now owns 7,222 shares of the scientific and technical instruments company's stock worth $759,000 after acquiring an additional 130 shares during the period. GAMMA Investing LLC grew its holdings in ESCO Technologies by 43.0% during 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 during the period. Signaturefd LLC grew its holdings in ESCO Technologies by 17.9% during 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 during the period. Finally, Louisiana State Employees Retirement System boosted its position in ESCO Technologies by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 13,000 shares of the scientific and technical instruments company's stock worth $1,366,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 95.70% of the company's stock.
ESCO Technologies Stock Up 0.3 %
ESE traded up $0.46 on Tuesday, reaching $143.12. The company's stock had a trading volume of 87,010 shares, compared to its average volume of 124,726. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 36.32 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 company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.31. The business's 50 day moving average is $136.10 and its 200 day moving average is $122.22.
ESCO Technologies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, January 2nd. ESCO Technologies's dividend payout ratio is presently 8.12%.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. StockNews.com downgraded ESCO Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Benchmark restated a "buy" rating and set a $150.00 price target on shares of ESCO Technologies in a research note on Friday, November 15th. Finally, Stephens upped their price target on ESCO Technologies from $135.00 to $145.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th.
Get Our Latest Report on ESCO Technologies
About ESCO Technologies
(
Free Report)
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.
Featured Stories
Before you consider ESCO Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ESCO Technologies wasn't on the list.
While ESCO Technologies currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
