ESCO Technologies Inc. Declares Quarterly Dividend of $0.08 (NYSE:ESE) – MarketBeat
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ESCO Technologies Inc. (NYSE:ESE – Get Rating) declared a quarterly dividend on Thursday, November 17th, Zacks reports. Stockholders of record on Thursday, January 5th will be paid a dividend of 0.08 per share by the scientific and technical instruments company on Friday, January 20th. This represents a $0.32 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Wednesday, January 4th.
ESCO Technologies has a dividend payout ratio of 8.7% meaning its dividend is sufficiently covered by earnings.
ESCO Technologies Trading Up 3.6 %
ESE stock opened at $91.34 on Friday. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 28.91 and a beta of 1.08. ESCO Technologies has a 1-year low of $60.03 and a 1-year high of $96.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.28. The business has a 50 day simple moving average of $80.82 and a two-hundred day simple moving average of $74.98.
Institutional Trading of ESCO Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors increased its position in ESCO Technologies by 2.4% during the third quarter. Captrust Financial Advisors now owns 21,856 shares of the scientific and technical instruments company’s stock valued at $1,605,000 after acquiring an additional 503 shares during the last quarter. Baird Financial Group Inc. acquired a new position in ESCO Technologies during the 3rd quarter worth about $201,000. BNP Paribas Arbitrage SNC boosted its holdings in ESCO Technologies by 42.8% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 15,760 shares of the scientific and technical instruments company’s stock valued at $1,157,000 after acquiring an additional 4,720 shares during the period. State Street Corp grew its position in ESCO Technologies by 0.8% in the 3rd quarter. State Street Corp now owns 996,526 shares of the scientific and technical instruments company’s stock valued at $73,185,000 after acquiring an additional 8,246 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in ESCO Technologies by 5.2% during the third quarter. Thrivent Financial for Lutherans now owns 26,725 shares of the scientific and technical instruments company’s stock worth $1,963,000 after purchasing an additional 1,328 shares during the period. Hedge funds and other institutional investors own 94.98% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on ESE shares. TheStreet upgraded shares of ESCO Technologies from a “c+” rating to a “b-” rating in a research report on Friday, August 12th. StockNews.com began coverage on shares of ESCO Technologies in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.
About ESCO Technologies
(Get Rating)
ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through Aerospace & Defense, Utility Solutions Group, and RF Shielding and Test segments. 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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