Calamos Advisors LLC grew its position in ESCO Technologies Inc. (NYSE:ESE – Free Report) by 259.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,908 shares of the scientific and technical instruments company’s stock after acquiring an additional 7,150 shares during the quarter. Calamos Advisors LLC’s holdings in ESCO Technologies were worth $2,788,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP lifted its stake in ESCO Technologies by 842.9% during the fourth quarter. Quarry LP now owns 132 shares of the scientific and technical instruments company’s stock worth $26,000 after purchasing an additional 118 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in ESCO Technologies by 3,140.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 162 shares of the scientific and technical instruments company’s stock valued at $32,000 after purchasing an additional 157 shares during the last quarter. Osterweis Capital Management Inc. bought a new stake in ESCO Technologies during the second quarter valued at $39,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of ESCO Technologies during the fourth quarter worth $39,000. Finally, Union Savings Bank acquired a new stake in shares of ESCO Technologies during the fourth quarter worth $41,000. 95.70% of the stock is owned by institutional investors and hedge funds.
ESCO Technologies Stock Performance
ESE stock opened at $327.28 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 1.45. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 2.00 and a beta of 1.09. ESCO Technologies Inc. has a 1 year low of $174.92 and a 1 year high of $362.15. The stock’s fifty day moving average is $316.97 and its two-hundred day moving average is $282.95.
ESCO Technologies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 2nd will be paid a $0.08 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. ESCO Technologies’s dividend payout ratio (DPR) is presently 2.69%.
Wall Street Analysts Forecast Growth
ESE has been the subject of several research reports. Wall Street Zen lowered shares of ESCO Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. assumed coverage on shares of ESCO Technologies in a research note on Monday, June 15th. They set an “overweight” rating and a $420.00 price objective on the stock. Weiss Ratings raised shares of ESCO Technologies from a “buy (b+)” rating to a “buy (a)” rating in a report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $400.00 target price on shares of ESCO Technologies in a research note on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ESCO Technologies currently has a consensus rating of “Buy” and a consensus price target of $410.00.
View Our Latest Stock Analysis on ESCO Technologies
ESCO Technologies Company 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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