GHP Investment Advisors Inc. cut its stake in ESCO Technologies Inc. (NYSE:ESE – Free Report) by 1.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 93,771 shares of the scientific and technical instruments company’s stock after selling 1,563 shares during the quarter. ESCO Technologies comprises 1.1% of GHP Investment Advisors Inc.’s investment portfolio, making the stock its 15th largest position. GHP Investment Advisors Inc.’s holdings in ESCO Technologies were worth $26,384,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of ESE. Louisiana State Employees Retirement System purchased a new stake in shares of ESCO Technologies in the first quarter valued at about $3,236,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of ESCO Technologies during the 1st quarter worth $237,000. OP Asset Management Ltd purchased a new position in shares of ESCO Technologies in the 1st quarter worth about $10,212,000. Hsbc Holdings PLC boosted its holdings in shares of ESCO Technologies by 263.3% in the 4th quarter. Hsbc Holdings PLC now owns 6,907 shares of the scientific and technical instruments company’s stock worth $1,355,000 after buying an additional 5,006 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in ESCO Technologies by 2.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 154,257 shares of the scientific and technical instruments company’s stock valued at $30,140,000 after buying an additional 3,939 shares during the period. 95.70% of the stock is currently owned by institutional investors.
ESCO Technologies Stock Performance
NYSE ESE opened at $354.36 on Friday. The firm has a market cap of $9.18 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 2.13 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. The company’s 50 day moving average is $312.32 and its 200-day moving average is $269.82. ESCO Technologies Inc. has a 12-month low of $174.92 and a 12-month high of $362.15.
ESCO Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 2nd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, July 2nd. ESCO Technologies’s dividend payout ratio (DPR) is presently 2.69%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on ESE shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $400.00 price objective on shares of ESCO Technologies in a report on Friday, April 17th. JPMorgan Chase & Co. initiated coverage on shares of ESCO Technologies in a research report on Monday, June 15th. They set an “overweight” rating and a $420.00 target price for the company. Wall Street Zen lowered shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings raised shares of ESCO Technologies from a “buy (b+)” rating to a “buy (a)” rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, ESCO Technologies currently has an average rating of “Buy” and an average target price of $410.00.
Read Our Latest Research Report on ESE
ESCO Technologies Company Profile
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.
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