Wrapmanager Inc. Reduces Stock Holdings in ESCO Technologies Inc. (NYSE:ESE)

Wrapmanager Inc. trimmed its position in ESCO Technologies Inc. (NYSE:ESE) by 23.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,116 shares of the scientific and technical instruments company’s stock after selling 939 shares during the period. Wrapmanager Inc.’s holdings in ESCO Technologies were worth $402,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ESE. Moody National Bank Trust Division lifted its position in shares of ESCO Technologies by 4.4% during the 2nd quarter. Moody National Bank Trust Division now owns 2,827 shares of the scientific and technical instruments company’s stock valued at $297,000 after buying an additional 120 shares in the last quarter. Arizona State Retirement System raised its stake in ESCO Technologies by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 7,222 shares of the scientific and technical instruments company’s stock valued at $759,000 after purchasing an additional 130 shares during the period. GAMMA Investing LLC raised its stake in ESCO Technologies by 43.0% during the 3rd quarter. GAMMA Investing LLC now owns 469 shares of the scientific and technical instruments company’s stock valued at $60,000 after purchasing an additional 141 shares during the period. Signaturefd LLC increased its stake in ESCO Technologies by 17.9% in the 3rd quarter. Signaturefd LLC now owns 990 shares of the scientific and technical instruments company’s stock worth $128,000 after acquiring an additional 150 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in ESCO Technologies by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,000 shares of the scientific and technical instruments company’s stock worth $1,366,000 after acquiring an additional 200 shares during the last quarter. 95.70% of the stock is owned by hedge funds and other institutional investors.

ESCO Technologies Price Performance

ESE opened at $145.55 on Tuesday. The business has a fifty day moving average of $127.95 and a 200 day moving average of $117.59. ESCO Technologies Inc. has a 52-week low of $96.69 and a 52-week high of $154.00. The company has a quick ratio of 1.31, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The stock has a market cap of $3.75 billion, a P/E ratio of 36.94 and a beta of 1.08.

ESCO Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, January 2nd. ESCO Technologies’s payout ratio is currently 8.12%.

Analyst Ratings Changes

ESE has been the topic of a number of research reports. Stephens lifted their price objective on ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Benchmark reissued a “buy” rating and set a $150.00 target price on shares of ESCO Technologies in a research report on Friday. Finally, StockNews.com raised ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Monday.

ESCO Technologies Profile

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.