Envestnet Asset Management Inc. Grows Stock Position in ESCO Technologies Inc. (NYSE:ESE)

Envestnet Asset Management Inc. lifted its stake in ESCO Technologies Inc. (NYSE:ESEGet Rating) by 6.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,414 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,690 shares during the period. Envestnet Asset Management Inc.’s holdings in ESCO Technologies were worth $1,806,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ESE. Quadrant Capital Group LLC lifted its holdings in ESCO Technologies by 216.5% during the 1st quarter. Quadrant Capital Group LLC now owns 690 shares of the scientific and technical instruments company’s stock worth $48,000 after buying an additional 472 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in ESCO Technologies by 45.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,265 shares of the scientific and technical instruments company’s stock worth $158,000 after buying an additional 709 shares during the last quarter. KBC Group NV purchased a new stake in ESCO Technologies during the 2nd quarter worth about $212,000. OLD National Bancorp IN purchased a new stake in ESCO Technologies during the 1st quarter worth about $219,000. Finally, Profund Advisors LLC lifted its holdings in shares of ESCO Technologies by 24.2% in the 1st quarter. Profund Advisors LLC now owns 3,594 shares of the scientific and technical instruments company’s stock valued at $251,000 after purchasing an additional 700 shares during the last quarter. 94.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on ESE. StockNews.com began coverage on ESCO Technologies in a report on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet raised ESCO Technologies from a “c+” rating to a “b-” rating in a report on Friday, August 12th.

ESCO Technologies Stock Up 3.6 %

ESCO Technologies stock opened at $91.34 on Friday. ESCO Technologies Inc. has a fifty-two week low of $60.03 and a fifty-two week high of $96.69. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.89. The company has a market capitalization of $2.36 billion, a P/E ratio of 28.91 and a beta of 1.08. The stock has a 50-day simple moving average of $80.82 and a 200-day simple moving average of $75.07.

ESCO Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 20th. Investors of record on Thursday, January 5th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.35%. The ex-dividend date is Wednesday, January 4th. ESCO Technologies’s dividend payout ratio (DPR) is presently 10.13%.

ESCO Technologies Profile

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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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Institutional Ownership by Quarter for ESCO Technologies (NYSE:ESE)

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