1,984 Shares in ESCO Technologies Inc. (NYSE:ESE) Bought by Cable Hill Partners LLC

Cable Hill Partners LLC acquired a new stake in ESCO Technologies Inc. (NYSE:ESE - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,984 shares of the scientific and technical instruments company's stock, valued at approximately $310,000.

Other large investors also recently modified their holdings of the company. CWM LLC increased its holdings in ESCO Technologies by 32.2% in the first quarter. CWM LLC now owns 402 shares of the scientific and technical instruments company's stock valued at $64,000 after buying an additional 98 shares during the last quarter. Stephens Inc. AR boosted its position in shares of ESCO Technologies by 3.1% during the 1st quarter. Stephens Inc. AR now owns 5,845 shares of the scientific and technical instruments company's stock worth $930,000 after acquiring an additional 178 shares in the last quarter. Xponance Inc. increased its holdings in shares of ESCO Technologies by 6.1% in the 1st quarter. Xponance Inc. now owns 1,952 shares of the scientific and technical instruments company's stock valued at $311,000 after acquiring an additional 113 shares during the last quarter. Cerity Partners LLC raised its position in shares of ESCO Technologies by 3.8% during the 1st quarter. Cerity Partners LLC now owns 12,706 shares of the scientific and technical instruments company's stock worth $2,022,000 after acquiring an additional 469 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new stake in ESCO Technologies during the first quarter worth approximately $358,000. 95.70% of the stock is owned by hedge funds and other institutional investors.

ESCO Technologies Stock Performance

NYSE:ESE traded up $3.11 during mid-day trading on Thursday, reaching $197.91. 72,240 shares of the stock were exchanged, compared to its average volume of 138,159. The stock has a market capitalization of $5.11 billion, a P/E ratio of 43.43 and a beta of 1.21. ESCO Technologies Inc. has a 1 year low of $108.70 and a 1 year high of $198.43. The company has a 50 day simple moving average of $185.23 and a 200-day simple moving average of $162.23. The company has a quick ratio of 1.33, a current ratio of 2.05 and a debt-to-equity ratio of 0.05.

ESCO Technologies (NYSE:ESE - Get Free Report) last announced its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.25 by $0.10. ESCO Technologies had a net margin of 11.01% and a return on equity of 10.56%. The business had revenue of $265.52 million for the quarter, compared to analyst estimates of $264.96 million. During the same period last year, the firm posted $1.09 earnings per share. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts anticipate that ESCO Technologies Inc. will post 5.65 earnings per share for the current fiscal year.

ESCO Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date is Wednesday, July 2nd. ESCO Technologies's dividend payout ratio is currently 7.02%.

Analyst Ratings Changes

Several equities analysts have commented on ESE shares. Benchmark increased their price target on shares of ESCO Technologies from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Wall Street Zen downgraded shares of ESCO Technologies from a "buy" rating to a "hold" rating in a research report on Friday, March 21st.

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.