Peregrine Capital Management LLC reduced its stake in ESCO Technologies Inc. (NYSE:ESE – Free Report) by 4.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,315 shares of the scientific and technical instruments company’s stock after selling 2,560 shares during the period. Peregrine Capital Management LLC owned 0.22% of ESCO Technologies worth $16,127,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of ESE. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of ESCO Technologies by 97,963,600.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,938,911 shares of the scientific and technical instruments company’s stock worth $574,234,000 after buying an additional 2,938,908 shares during the period. Invesco Ltd. raised its holdings in ESCO Technologies by 17.8% in the 4th quarter. Invesco Ltd. now owns 1,050,093 shares of the scientific and technical instruments company’s stock valued at $205,178,000 after acquiring an additional 158,949 shares during the period. Capital World Investors raised its holdings in ESCO Technologies by 103.4% in the 4th quarter. Capital World Investors now owns 902,956 shares of the scientific and technical instruments company’s stock valued at $176,429,000 after acquiring an additional 458,980 shares during the period. Geode Capital Management LLC lifted its position in ESCO Technologies by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 633,821 shares of the scientific and technical instruments company’s stock worth $123,861,000 after acquiring an additional 20,071 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in ESCO Technologies by 1,204.3% during the third quarter. Alliancebernstein L.P. now owns 432,050 shares of the scientific and technical instruments company’s stock worth $91,210,000 after acquiring an additional 398,926 shares during the last quarter. 95.70% of the stock is owned by institutional investors.
ESCO Technologies Stock Performance
NYSE ESE opened at $350.02 on Wednesday. The firm has a 50-day moving average price of $314.59 and a two-hundred day moving average price of $272.91. ESCO Technologies Inc. has a 12-month low of $174.92 and a 12-month high of $362.15. The company has a market capitalization of $9.07 billion, a P/E ratio of 29.44, a P/E/G ratio of 2.12 and a beta of 1.12. The company has a quick ratio of 0.98, a current ratio of 1.45 and a debt-to-equity ratio of 0.08.
ESCO Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, July 2nd. ESCO Technologies’s dividend payout ratio is presently 2.69%.
Wall Street Analyst Weigh In
Several research firms have recently commented on ESE. Weiss Ratings raised ESCO Technologies from a “buy (b+)” rating to a “buy (a)” rating in a research report on Tuesday, May 12th. Wall Street Zen cut ESCO Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. started coverage on ESCO Technologies in a research note on Monday, June 15th. They issued an “overweight” rating and a $420.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 price objective on shares of ESCO Technologies in a report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $410.00.
Read Our Latest Stock Report on ESCO Technologies
About ESCO Technologies
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.
See Also
- Five stocks we like better than ESCO Technologies
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
Receive News & Ratings for ESCO Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ESCO Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
