Wrapmanager Inc. Reduces Stock Holdings in ESCO Technologies Inc. (NYSE:ESE)

Wrapmanager Inc. decreased its position in ESCO Technologies Inc. (NYSE:ESE) by 23.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,116 shares of the scientific and technical instruments company’s stock after selling 939 shares during the quarter. Wrapmanager Inc.’s holdings in ESCO Technologies were worth $402,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Lindenwold Advisors INC bought a new position in ESCO Technologies in the third quarter worth $226,000. Natixis Advisors LLC increased its holdings in shares of ESCO Technologies by 14.4% during the third quarter. Natixis Advisors LLC now owns 17,275 shares of the scientific and technical instruments company’s stock valued at $2,228,000 after acquiring an additional 2,168 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of ESCO Technologies by 9.1% during the third quarter. Victory Capital Management Inc. now owns 70,387 shares of the scientific and technical instruments company’s stock valued at $9,079,000 after acquiring an additional 5,874 shares in the last quarter. Ceredex Value Advisors LLC increased its holdings in shares of ESCO Technologies by 0.5% during the third quarter. Ceredex Value Advisors LLC now owns 94,350 shares of the scientific and technical instruments company’s stock valued at $12,169,000 after acquiring an additional 500 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its holdings in shares of ESCO Technologies by 1.8% during the third quarter. Conestoga Capital Advisors LLC now owns 1,047,741 shares of the scientific and technical instruments company’s stock valued at $135,138,000 after acquiring an additional 18,676 shares in the last quarter. Institutional investors own 95.70% of the company’s stock.

Wall Street Analysts Forecast Growth

ESE has been the subject of several analyst reports. StockNews.com upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a report on Monday. Stephens increased their price objective on ESCO Technologies from $135.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, Benchmark reaffirmed a “buy” rating and set a $150.00 price objective on shares of ESCO Technologies in a research report on Friday.

ESCO Technologies Trading Up 0.9 %

ESCO Technologies stock opened at $145.55 on Tuesday. The stock has a market capitalization of $3.75 billion, a PE ratio of 36.94 and a beta of 1.08. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.31. The business’s fifty day moving average is $127.95 and its 200 day moving average is $117.59. ESCO Technologies Inc. has a one year low of $96.69 and a one year high of $154.00.

ESCO Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.32 annualized dividend and a yield of 0.22%. ESCO Technologies’s payout ratio is 8.12%.

ESCO Technologies Company Profile

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. 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.