Man Group plc purchased a new stake in shares of ESCO Technologies Inc. (NYSE:ESE – Free Report) during the 2nd quarter, Holdings Channel reports. The fund purchased 6,068 shares of the scientific and technical instruments company’s stock, valued at approximately $2,124,000.
A number of other institutional investors also recently bought and sold shares of ESE. AQR Capital Management LLC boosted its stake in ESCO Technologies by 60.5% during the first quarter. AQR Capital Management LLC now owns 7,683 shares of the scientific and technical instruments company’s stock worth $1,223,000 after buying an additional 2,896 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of ESCO Technologies by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,399 shares of the scientific and technical instruments company’s stock valued at $2,450,000 after acquiring an additional 664 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of ESCO Technologies in the 1st quarter worth about $228,000. United Services Automobile Association bought a new stake in shares of ESCO Technologies in the 1st quarter worth about $261,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of ESCO Technologies by 19.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,500 shares of the scientific and technical instruments company’s stock worth $13,127,000 after purchasing an additional 13,648 shares during the period. 95.70% of the stock is currently owned by institutional investors.
ESCO Technologies Stock Down 2.3%
Shares of ESE opened at $266.77 on Wednesday. The firm has a fifty day moving average price of $315.04 and a 200-day moving average price of $302.71. The company has a current ratio of 1.38, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $6.91 billion, a P/E ratio of 21.97, a P/E/G ratio of 1.57 and a beta of 1.10. ESCO Technologies Inc. has a 12-month low of $193.68 and a 12-month high of $362.15.
ESCO Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. ESCO Technologies’s dividend payout ratio (DPR) is 2.64%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $413.00 price target on shares of ESCO Technologies in a report on Monday, August 10th. Weiss Ratings downgraded shares of ESCO Technologies from a “buy (a-)” rating to a “buy (b)” rating in a research note on Tuesday, August 25th. JPMorgan Chase & Co. assumed coverage on ESCO Technologies in a research report on Monday, June 15th. They set an “overweight” rating and a $420.00 target price for the company. Finally, Wall Street Zen cut ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, ESCO Technologies has a consensus rating of “Buy” and a consensus price target of $416.50.
Read Our Latest Analysis on ESE
ESCO Technologies 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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