ESCO Technologies Inc. (NYSE:ESE – Get Free Report) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 364,100 shares, a growth of 6.6% from the August 31st total of 341,700 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily volume of 129,200 shares, the short-interest ratio is currently 2.8 days.
Institutional Trading of ESCO Technologies
Institutional investors and hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. acquired a new position in ESCO Technologies in the 2nd quarter valued at about $36,000. Innealta Capital LLC acquired a new position in ESCO Technologies in the 2nd quarter valued at about $50,000. YHB Investment Advisors Inc. acquired a new position in ESCO Technologies in the 1st quarter valued at about $56,000. TFO Wealth Partners LLC grew its position in ESCO Technologies by 53,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 533 shares of the scientific and technical instruments company’s stock valued at $62,000 after acquiring an additional 532 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in ESCO Technologies in the 1st quarter valued at about $126,000. 95.70% of the stock is currently owned by hedge funds and other institutional investors.
ESCO Technologies Price Performance
ESCO Technologies stock opened at $127.98 on Wednesday. The company’s fifty day moving average price is $119.68 and its 200 day moving average price is $110.95. ESCO Technologies has a 1 year low of $94.59 and a 1 year high of $130.89. The stock has a market capitalization of $3.30 billion, a P/E ratio of 33.59 and a beta of 1.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.39 and a current ratio of 2.10.
ESCO Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Wednesday, October 2nd will be issued a $0.08 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $0.32 annualized dividend and a yield of 0.25%. ESCO Technologies’s dividend payout ratio (DPR) is currently 8.40%.
Analysts Set New Price Targets
Separately, Stephens boosted their target price on shares of ESCO Technologies from $135.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, September 27th.
View Our Latest Stock Report on ESCO Technologies
About ESCO Technologies
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.
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