Trust Point Inc. Has $634,000 Stake in ESCO Technologies Inc. (NYSE:ESE)

Trust Point Inc. lowered its stake in ESCO Technologies Inc. (NYSE:ESE) by 34.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,758 shares of the scientific and technical instruments company’s stock after selling 2,551 shares during the period. Trust Point Inc.’s holdings in ESCO Technologies were worth $634,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cerity Partners LLC lifted its holdings in ESCO Technologies by 55.8% in the 3rd quarter. Cerity Partners LLC now owns 11,516 shares of the scientific and technical instruments company’s stock worth $1,485,000 after purchasing an additional 4,125 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of ESCO Technologies by 9.1% in the third quarter. Victory Capital Management Inc. now owns 70,387 shares of the scientific and technical instruments company’s stock worth $9,079,000 after buying an additional 5,874 shares during the last quarter. Premier Fund Managers Ltd bought a new stake in shares of ESCO Technologies during the 3rd quarter worth $942,000. Creative Planning grew its stake in ESCO Technologies by 53.1% in the 3rd quarter. Creative Planning now owns 13,043 shares of the scientific and technical instruments company’s stock valued at $1,682,000 after buying an additional 4,526 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in ESCO Technologies by 5.3% in the 3rd quarter. HighTower Advisors LLC now owns 2,477 shares of the scientific and technical instruments company’s stock worth $320,000 after acquiring an additional 124 shares during the period. Institutional investors own 95.70% of the company’s stock.

ESCO Technologies Price Performance

NYSE:ESE opened at $131.90 on Wednesday. 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 stock has a market cap of $3.40 billion, a P/E ratio of 33.48 and a beta of 1.13. The company has a fifty day moving average price of $136.42 and a 200 day moving average price of $129.56. ESCO Technologies Inc. has a one year low of $96.69 and a one year high of $154.00.

ESCO Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Thursday, January 2nd. ESCO Technologies’s payout ratio is presently 8.12%.

Wall Street Analysts Forecast Growth

ESE has been the subject of a number of recent analyst reports. Benchmark restated a “buy” rating and set a $150.00 price target on shares of ESCO Technologies in a report on Friday, November 15th. StockNews.com raised ESCO Technologies from a “hold” rating to a “buy” rating in a report on Monday, January 20th.

ESCO Technologies 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.