State of New Jersey Common Pension Fund D Sells 8,460 Shares of ESCO Technologies Inc. (NYSE:ESE)

State of New Jersey Common Pension Fund D cut its stake in ESCO Technologies Inc. (NYSE:ESEGet Rating) by 23.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 28,002 shares of the scientific and technical instruments company’s stock after selling 8,460 shares during the period. State of New Jersey Common Pension Fund D’s holdings in ESCO Technologies were worth $2,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ESE. GHP Investment Advisors Inc. increased its stake in shares of ESCO Technologies by 5.1% during the third quarter. GHP Investment Advisors Inc. now owns 93,473 shares of the scientific and technical instruments company’s stock worth $6,865,000 after purchasing an additional 4,524 shares during the period. Ziegler Capital Management LLC lifted its holdings in shares of ESCO Technologies by 31.7% during the third quarter. Ziegler Capital Management LLC now owns 103,082 shares of the scientific and technical instruments company’s stock worth $7,570,000 after buying an additional 24,804 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of ESCO Technologies in the third quarter valued at about $911,000. Legal & General Group Plc grew its stake in shares of ESCO Technologies by 1.6% in the second quarter. Legal & General Group Plc now owns 75,582 shares of the scientific and technical instruments company’s stock valued at $5,168,000 after acquiring an additional 1,175 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in ESCO Technologies by 0.9% during the second quarter. Captrust Financial Advisors now owns 21,891 shares of the scientific and technical instruments company’s stock worth $1,497,000 after acquiring an additional 206 shares during the period. 93.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ESE has been the topic of a number of analyst reports. Stephens increased their target price on shares of ESCO Technologies from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, November 21st. StockNews.com raised ESCO Technologies from a “hold” rating to a “buy” rating in a report on Monday, November 21st.

ESCO Technologies Stock Performance

NYSE ESE opened at $91.76 on Friday. The firm’s 50 day simple moving average is $90.62 and its 200 day simple moving average is $82.83. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 29.04 and a beta of 1.08. 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 Inc. has a 1 year low of $60.03 and a 1 year high of $96.69.

ESCO Technologies (NYSE:ESEGet Rating) last released its earnings results on Thursday, November 17th. The scientific and technical instruments company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.06. ESCO Technologies had a return on equity of 8.13% and a net margin of 9.60%. The firm had revenue of $256.50 million during the quarter. As a group, research analysts expect that ESCO Technologies Inc. will post 3.51 earnings per share for the current fiscal year.

ESCO Technologies Announces Dividend

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 issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend 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

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

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