ESCO Technologies Inc. (NYSE:ESE) Short Interest Update – MarketBeat
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
ESCO Technologies Inc. (NYSE:ESE – Get Rating) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 331,200 shares, a decline of 17.4% from the October 31st total of 401,200 shares. Based on an average daily trading volume, of 67,500 shares, the days-to-cover ratio is presently 4.9 days. Approximately 1.3% of the shares of the company are sold short.
ESCO Technologies Stock Performance
Shares of NYSE:ESE traded up $0.06 during trading on Friday, reaching $95.69. 52,430 shares of the stock were exchanged, compared to its average volume of 73,182. ESCO Technologies has a 12 month low of $60.03 and a 12 month high of $96.69. The firm has a market cap of $2.48 billion, a PE ratio of 30.28 and a beta of 1.08. The stock has a 50-day moving average price of $83.95 and a 200-day moving average price of $77.28. The company has a current ratio of 1.80, a quick ratio of 1.29 and a debt-to-equity ratio of 0.13.
ESCO Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 20th. Stockholders of record on Thursday, January 5th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date is Wednesday, January 4th. ESCO Technologies’s dividend payout ratio is presently 10.13%.
Institutional Investors Weigh In On ESCO Technologies
A number of institutional investors have recently made changes to their positions in ESE. Quadrant Capital Group LLC boosted its holdings in shares of ESCO Technologies by 216.5% during the first quarter. Quadrant Capital Group LLC now owns 690 shares of the scientific and technical instruments company’s stock worth $48,000 after acquiring an additional 472 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of ESCO Technologies by 354.9% during the third quarter. Rockefeller Capital Management L.P. now owns 737 shares of the scientific and technical instruments company’s stock worth $54,000 after acquiring an additional 575 shares during the period. Signaturefd LLC boosted its stake in shares of ESCO Technologies by 31.1% in the third quarter. Signaturefd LLC now owns 835 shares of the scientific and technical instruments company’s stock valued at $61,000 after buying an additional 198 shares during the period. Advisor Group Holdings Inc. boosted its stake in shares of ESCO Technologies by 45.6% in the first quarter. Advisor Group Holdings Inc. now owns 2,265 shares of the scientific and technical instruments company’s stock valued at $158,000 after buying an additional 709 shares during the period. Finally, Baird Financial Group Inc. bought a new stake in shares of ESCO Technologies in the third quarter valued at approximately $201,000. Institutional investors own 94.98% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on ESE. TheStreet raised ESCO Technologies from a “c+” rating to a “b-” rating in a research report on Friday, August 12th. StockNews.com raised ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Monday, November 21st. Finally, Stephens boosted their price target on ESCO Technologies from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, November 21st.
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.
See Also
- Get a free copy of the StockNews.com research report on ESCO Technologies (ESE)
- Why CSL Ltd Stock Could Be Worth a Look
- MarketBeat: Week in Review 11/28 – 12/02
- Okta Inc Celebrates Earnings Beat But Can They Sustain the Boost?
- Institutions Are Buying Ambarella, Should You?
- Can ZIM Defy Broad Downturn In The Container Shipping Industry?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ESCO Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and ESCO Technologies wasn’t on the list.
While ESCO Technologies currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
As Featured By:
326 E 8th St #105, Sioux Falls, SD 57103
contact@marketbeat.com
(844) 978-6257
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.