2,500 Shares in ESCO Technologies Inc. (NYSE:ESE) Acquired by Davidson Kahn Capital Management LLC

Davidson Kahn Capital Management LLC purchased a new position in shares of ESCO Technologies Inc. (NYSE:ESE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,500 shares of the scientific and technical instruments company's stock, valued at approximately $333,000.

Several other hedge funds have also recently bought and sold shares of ESE. Wellington Management Group LLP boosted its stake in shares of ESCO Technologies by 152.6% during the 4th quarter. Wellington Management Group LLP now owns 380,104 shares of the scientific and technical instruments company's stock worth $50,634,000 after acquiring an additional 229,601 shares in the last quarter. Norges Bank bought a new stake in ESCO Technologies in the 4th quarter valued at $13,066,000. Rockefeller Capital Management L.P. bought a new stake in shares of ESCO Technologies during the fourth quarter valued at approximately $11,435,000. JPMorgan Chase & Co. grew its stake in shares of ESCO Technologies by 87.3% in the 4th quarter. JPMorgan Chase & Co. now owns 144,039 shares of the scientific and technical instruments company's stock valued at $19,187,000 after purchasing an additional 67,116 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of ESCO Technologies during the 4th quarter worth about $6,287,000. 95.70% of the stock is currently owned by institutional investors.

ESCO Technologies Price Performance

NYSE ESE traded down $1.80 during trading on Tuesday, reaching $162.81. The company's stock had a trading volume of 44,132 shares, compared to its average volume of 129,377. The firm has a fifty day moving average of $156.15 and a 200 day moving average of $146.14. The stock has a market capitalization of $4.20 billion, a PE ratio of 38.24 and a beta of 1.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.35. ESCO Technologies Inc. has a one year low of $101.42 and a one year high of $171.28.

ESCO Technologies (NYSE:ESE - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The scientific and technical instruments company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.34. ESCO Technologies had a return on equity of 9.91% and a net margin of 10.44%. Analysts expect that ESCO Technologies Inc. will post 5.65 EPS for the current fiscal year.

ESCO Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $0.32 annualized dividend and a yield of 0.20%. ESCO Technologies's dividend payout ratio (DPR) is currently 7.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ESE shares. Stephens restated an "overweight" rating and set a $175.00 target price on shares of ESCO Technologies in a report on Thursday, February 27th. StockNews.com cut shares of ESCO Technologies from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Benchmark increased their price target on shares of ESCO Technologies from $150.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th.

ESCO Technologies Company 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.