Esco Technologies Inc. (ESE) Plans $0.08 Quarterly Dividend
Esco Technologies Inc. (NYSE:ESE) declared a quarterly dividend on Wednesday, November 16th. Stockholders of record on Wednesday, January 4th will be given a dividend of 0.08 per share on Thursday, January 19th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Friday, December 30th.
Esco Technologies (NYSE:ESE) traded up 2.63% during trading on Wednesday, hitting $54.60. The stock had a trading volume of 143,441 shares. The company has a 50-day moving average of $45.31 and a 200-day moving average of $42.80. Esco Technologies has a 52 week low of $31.50 and a 52 week high of $54.80. The stock has a market capitalization of $1.40 billion, a P/E ratio of 33.68 and a beta of 1.01.
Esco Technologies (NYSE:ESE) last released its earnings results on Monday, November 14th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.03. Esco Technologies had a return on equity of 8.82% and a net margin of 8.03%. The business earned $159.51 million during the quarter, compared to the consensus estimate of $160.82 million. During the same period last year, the business posted $0.50 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts expect that Esco Technologies will post $2.21 earnings per share for the current fiscal year.
ESE has been the subject of a number of recent research reports. Canaccord Genuity reissued a “hold” rating and issued a $40.00 target price on shares of Esco Technologies in a research report on Thursday, August 4th. Zacks Investment Research lowered Esco Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, August 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $42.67.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Esco Technologies by 284.2% in the second quarter. BlackRock Inc. now owns 7,139 shares of the company’s stock valued at $285,000 after buying an additional 5,281 shares in the last quarter. BlackRock Advisors LLC raised its stake in Esco Technologies by 1.6% in the second quarter. BlackRock Advisors LLC now owns 12,276 shares of the company’s stock valued at $490,000 after buying an additional 197 shares in the last quarter. Arizona State Retirement System raised its stake in Esco Technologies by 1.5% in the second quarter. Arizona State Retirement System now owns 13,353 shares of the company’s stock valued at $533,000 after buying an additional 200 shares in the last quarter. Crawford Investment Counsel Inc. acquired a new stake in Esco Technologies during the second quarter valued at about $619,000. Finally, D. E. Shaw & Co. Inc. raised its stake in Esco Technologies by 44.6% in the third quarter. D. E. Shaw & Co. Inc. now owns 15,555 shares of the company’s stock valued at $722,000 after buying an additional 4,797 shares in the last quarter. 93.59% of the stock is owned by institutional investors.
Esco Technologies Company Profile
ESCO Technologies Inc is engaged in the production of engineered products and systems. The Company’s products are sold around the world for utility, industrial, aerospace and commercial applications. It conducts its business in three segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test) and Utility Solutions Group (USG).
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