UBS Asset Management Americas Inc. raised its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 9.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 21,758 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,884 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.08% of ESCO Technologies worth $1,798,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new position in ESCO Technologies in the second quarter valued at approximately $35,000. Cubist Systematic Strategies LLC bought a new position in shares of ESCO Technologies during the second quarter valued at approximately $203,000. Community Capital Management Inc. bought a new position in ESCO Technologies in the 2nd quarter worth approximately $220,000. GSA Capital Partners LLP bought a new position in ESCO Technologies in the 2nd quarter worth approximately $258,000. Finally, Bank of Montreal Can grew its holdings in ESCO Technologies by 191.6% in the 2nd quarter. Bank of Montreal Can now owns 3,712 shares of the scientific and technical instruments company’s stock worth $307,000 after buying an additional 2,439 shares in the last quarter. Institutional investors and hedge funds own 94.58% of the company’s stock.
Shares of ESE stock opened at $80.85 on Friday. ESCO Technologies Inc. has a 12-month low of $59.00 and a 12-month high of $85.86. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 29.19 and a beta of 1.10. The business has a 50 day simple moving average of $77.68 and a 200 day simple moving average of $76.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.25 and a quick ratio of 1.62.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. ESCO Technologies’s payout ratio is currently 11.55%.
A number of brokerages recently issued reports on ESE. ValuEngine lowered ESCO Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised ESCO Technologies from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a report on Tuesday, October 1st. Finally, Stephens began coverage on ESCO Technologies in a report on Monday, July 8th. They issued an “equal weight” rating for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. ESCO Technologies has a consensus rating of “Hold” and a consensus price target of $81.50.
ESCO Technologies Company Profile
ESCO Technologies Inc produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial users worldwide. The company operates in four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG), and Technical Packaging.
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