State Street Corp increased its holdings in shares of ESCO Technologies Inc. (NYSE:ESE - Free Report) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,054,039 shares of the scientific and technical instruments company's stock after acquiring an additional 49,577 shares during the quarter. State Street Corp owned about 4.09% of ESCO Technologies worth $135,950,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in ESCO Technologies by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,372,850 shares of the scientific and technical instruments company's stock worth $144,204,000 after buying an additional 16,152 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of ESCO Technologies by 1.8% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,047,741 shares of the scientific and technical instruments company's stock worth $135,138,000 after buying an additional 18,676 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in ESCO Technologies by 3.3% during the third quarter. Loomis Sayles & Co. L P now owns 438,536 shares of the scientific and technical instruments company's stock worth $56,563,000 after acquiring an additional 13,894 shares in the last quarter. Select Equity Group L.P. boosted 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 valued at $41,539,000 after purchasing an additional 290,711 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of ESCO Technologies by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 299,874 shares of the scientific and technical instruments company's stock valued at $38,678,000 after purchasing an additional 7,963 shares during the last quarter. Institutional investors and hedge funds own 95.70% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on ESE. StockNews.com upgraded shares of ESCO Technologies from a "hold" rating to a "buy" rating in a report on Friday. Benchmark reaffirmed a "buy" rating and issued a $150.00 target price on shares of ESCO Technologies in a report on Friday, November 15th. Finally, Stephens lifted their price target on ESCO Technologies from $135.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, September 27th.
Check Out Our Latest Stock Analysis on ESE
ESCO Technologies Trading Down 1.6 %
Shares of NYSE:ESE traded down $2.32 during mid-day trading on Friday, reaching $140.07. 105,951 shares of the company's stock were exchanged, compared to its average volume of 124,336. 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 Inc. has a twelve month low of $96.69 and a twelve month high of $154.00. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 35.55 and a beta of 1.11. The business's fifty day moving average price is $137.09 and its 200-day moving average price is $122.92.
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 $0.08 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. ESCO Technologies's payout ratio is 8.12%.
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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