Procyon Advisors LLC Has $437,000 Stake in ESCO Technologies Inc. (NYSE:ESE)

Procyon Advisors LLC boosted its holdings in shares of ESCO Technologies Inc. (NYSE:ESE) by 10.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,391 shares of the scientific and technical instruments company’s stock after buying an additional 307 shares during the quarter. Procyon Advisors LLC’s holdings in ESCO Technologies were worth $437,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. First Horizon Advisors Inc. acquired a new stake in shares of ESCO Technologies in the second quarter valued at about $36,000. Innealta Capital LLC acquired a new stake in shares of ESCO Technologies in the second quarter valued at about $50,000. GAMMA Investing LLC grew its position in shares of ESCO Technologies by 43.0% in the third quarter. GAMMA Investing LLC now owns 469 shares of the scientific and technical instruments company’s stock valued at $60,000 after purchasing an additional 141 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of ESCO Technologies in the first quarter valued at about $126,000. Finally, EntryPoint Capital LLC grew its position in shares of ESCO Technologies by 2,178.3% in the first quarter. EntryPoint Capital LLC now owns 1,572 shares of the scientific and technical instruments company’s stock valued at $168,000 after purchasing an additional 1,503 shares during the last quarter. 95.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Stephens raised their price target on ESCO Technologies from $135.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, September 27th.

ESCO Technologies Stock Up 0.3 %

ESE stock opened at $125.02 on Wednesday. ESCO Technologies Inc. has a twelve month low of $94.59 and a twelve month high of $130.89. The company has a market cap of $3.22 billion, a PE ratio of 32.81 and a beta of 1.08. The business’s 50-day simple moving average is $120.80 and its 200 day simple moving average is $112.61. The company has a quick ratio of 1.39, a current ratio of 2.10 and a debt-to-equity ratio of 0.13.

ESCO Technologies (NYSE:ESE) last released its earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.03). ESCO Technologies had a return on equity of 8.82% and a net margin of 9.95%. The firm had revenue of $260.78 million for the quarter. On average, research analysts anticipate that ESCO Technologies Inc. will post 4.15 earnings per share for the current year.

ESCO Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Wednesday, October 2nd. ESCO Technologies’s dividend payout ratio (DPR) is presently 8.40%.

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.