Diversified Trust Co Sells 1,624 Shares of ESCO Technologies Inc. (NYSE:ESE)

Diversified Trust Co trimmed its holdings in ESCO Technologies Inc. (NYSE:ESE) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,657 shares of the scientific and technical instruments company’s stock after selling 1,624 shares during the quarter. Diversified Trust Co’s holdings in ESCO Technologies were worth $1,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of ESE. Cerity Partners LLC increased its stake in shares of ESCO Technologies by 55.8% during the third quarter. Cerity Partners LLC now owns 11,516 shares of the scientific and technical instruments company’s stock valued at $1,485,000 after purchasing an additional 4,125 shares in the last quarter. Victory Capital Management Inc. increased its position in ESCO Technologies by 9.1% during the 3rd quarter. Victory Capital Management Inc. now owns 70,387 shares of the scientific and technical instruments company’s stock valued at $9,079,000 after buying an additional 5,874 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in ESCO Technologies by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,372,850 shares of the scientific and technical instruments company’s stock valued at $144,204,000 after buying an additional 16,152 shares during the last quarter. Premier Fund Managers Ltd bought a new stake in ESCO Technologies in the third quarter worth $942,000. Finally, Creative Planning grew its stake in shares of ESCO Technologies by 53.1% in the third quarter. Creative Planning now owns 13,043 shares of the scientific and technical instruments company’s stock worth $1,682,000 after acquiring an additional 4,526 shares during the last quarter. 95.70% of the stock is owned by hedge funds and other institutional investors.

ESCO Technologies Price Performance

Shares of NYSE:ESE opened at $132.40 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.31 and a current ratio of 1.91. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 33.60 and a beta of 1.11. The business has a 50-day simple moving average of $139.84 and a two-hundred day simple moving average of $126.29. ESCO Technologies Inc. has a fifty-two week low of $96.69 and a fifty-two week high of $154.00.

ESCO Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. ESCO Technologies’s dividend payout ratio (DPR) is 8.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ESE shares. Stephens upped their price target on shares of ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. StockNews.com upgraded shares of ESCO Technologies from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Benchmark reissued a “buy” rating and set a $150.00 price target on shares of ESCO Technologies in a research report on Friday, November 15th.

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.