Schroder Investment Management Group lessened its stake in ESCO Technologies Inc. (NYSE:ESE - Free Report) by 25.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,731 shares of the scientific and technical instruments company's stock after selling 72,795 shares during the quarter. Schroder Investment Management Group owned 0.84% of ESCO Technologies worth $28,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in ESCO Technologies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 2,907,533 shares of the scientific and technical instruments company's stock worth $387,312,000 after buying an additional 32,306 shares during the last quarter. State Street Corp increased its position in shares of ESCO Technologies by 4.9% during the third 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 in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of ESCO Technologies by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 306,077 shares of the scientific and technical instruments company's stock valued at $40,773,000 after acquiring an additional 6,203 shares in the last quarter. Wellington Management Group LLP purchased a new position in ESCO Technologies in the 3rd quarter worth approximately $19,412,000. Finally, JPMorgan Chase & Co. lifted its position in ESCO Technologies by 87.3% in the 4th quarter. JPMorgan Chase & Co. now owns 144,039 shares of the scientific and technical instruments company's stock valued at $19,187,000 after acquiring an additional 67,116 shares in the last quarter. Institutional investors own 95.70% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Benchmark upped their price target on ESCO Technologies from $150.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. StockNews.com cut shares of ESCO Technologies from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Finally, Stephens reiterated an "overweight" rating and issued a $175.00 price target on shares of ESCO Technologies in a research note on Thursday, February 27th.
Check Out Our Latest Report on ESE
ESCO Technologies Stock Performance
Shares of ESE stock traded down $7.13 on Friday, reaching $141.69. The stock had a trading volume of 199,349 shares, compared to its average volume of 127,249. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.35 and a current ratio of 2.04. ESCO Technologies Inc. has a 1 year low of $97.11 and a 1 year high of $171.28. The stock has a market cap of $3.66 billion, a P/E ratio of 33.26 and a beta of 1.07. The company has a 50 day simple moving average of $155.36 and a 200 day simple moving average of $141.89.
ESCO Technologies (NYSE:ESE - Get Free Report) last announced its earnings results on Thursday, February 6th. The scientific and technical instruments company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.34. ESCO Technologies had a return on equity of 9.91% and a net margin of 10.44%. Equities research analysts expect that ESCO Technologies Inc. will post 5.65 EPS for the current year.
ESCO Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. ESCO Technologies's dividend payout ratio is currently 7.51%.
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.
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