Bessemer Group Inc. raised its position in ESCO Technologies Inc. (NYSE:ESE – Free Report) by 1,169.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 64,650 shares of the scientific and technical instruments company’s stock after acquiring an additional 59,557 shares during the quarter. Bessemer Group Inc.’s holdings in ESCO Technologies were worth $12,632,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of ESE. Freemont Management S.A. purchased a new position in shares of ESCO Technologies in the fourth quarter worth $2,911,000. Oregon Public Employees Retirement Fund lifted its stake in shares of ESCO Technologies by 2.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,923 shares of the scientific and technical instruments company’s stock worth $1,157,000 after buying an additional 119 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of ESCO Technologies by 3.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 1,675 shares of the scientific and technical instruments company’s stock worth $327,000 after buying an additional 62 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC lifted its stake in shares of ESCO Technologies by 18.3% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 1,371 shares of the scientific and technical instruments company’s stock worth $268,000 after buying an additional 212 shares during the period. Finally, Pier Capital LLC acquired a new stake in shares of ESCO Technologies during the fourth quarter worth $2,996,000. 95.70% of the stock is currently owned by institutional investors and hedge funds.
ESCO Technologies Trading Down 0.1%
NYSE:ESE opened at $289.53 on Monday. ESCO Technologies Inc. has a 12 month low of $174.92 and a 12 month high of $346.20. The firm has a fifty day simple moving average of $295.00 and a 200-day simple moving average of $250.04. The company has a current ratio of 1.45, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $7.50 billion, a P/E ratio of 24.35, a PEG ratio of 1.78 and a beta of 1.18.
ESCO Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, July 2nd. ESCO Technologies’s dividend payout ratio (DPR) is 2.69%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on ESE shares. Wall Street Zen downgraded shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $400.00 price objective on shares of ESCO Technologies in a research note on Friday, April 17th. Finally, Weiss Ratings upgraded shares of ESCO Technologies from a “buy (b+)” rating to a “buy (a)” rating in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, ESCO Technologies presently has a consensus rating of “Buy” and a consensus target price of $400.00.
ESCO Technologies Profile
ESCO Technologies Inc is a diversified manufacturer of engineered products and systems designed to meet customers’ critical performance requirements in the test, measurement, control, and filtration of data, fluids, and gases. The company serves a wide range of end markets, including commercial aerospace, defense, industrial, medical, and communication network sectors. ESCO’s solutions are tailored to environments where reliability, precision and regulatory compliance are paramount.
Operating through multiple business segments, ESCO Technologies delivers test and measurement instruments such as RF and microwave components, signal distribution systems, and integrated test enclosures that support defense and aerospace programs.
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