Heritage Family Offices LLP Has $261,000 Stake in ESCO Technologies Inc. (NYSE:ESE)

Heritage Family Offices LLP lifted its position in ESCO Technologies Inc. (NYSE:ESE) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,958 shares of the scientific and technical instruments company’s stock after buying an additional 126 shares during the quarter. Heritage Family Offices LLP’s holdings in ESCO Technologies were worth $261,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in ESCO Technologies by 21.7% in the fourth quarter. GAMMA Investing LLC now owns 571 shares of the scientific and technical instruments company’s stock worth $76,000 after acquiring an additional 102 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of ESCO Technologies by 2.6% in the 3rd quarter. Franklin Resources Inc. now owns 20,917 shares of the scientific and technical instruments company’s stock valued at $2,608,000 after purchasing an additional 537 shares during the last quarter. Barclays PLC boosted its holdings in ESCO Technologies by 340.9% in the third quarter. Barclays PLC now owns 44,413 shares of the scientific and technical instruments company’s stock worth $5,728,000 after purchasing an additional 34,340 shares in the last quarter. First National Bank of Omaha increased its position in ESCO Technologies by 25.8% during the third quarter. First National Bank of Omaha now owns 5,343 shares of the scientific and technical instruments company’s stock worth $689,000 after buying an additional 1,095 shares during the last quarter. Finally, Dean Investment Associates LLC raised its holdings in ESCO Technologies by 25.1% during the third quarter. Dean Investment Associates LLC now owns 38,569 shares of the scientific and technical instruments company’s stock valued at $4,975,000 after buying an additional 7,727 shares in the last quarter. Institutional investors and hedge funds own 95.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. StockNews.com upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. Stephens upped their target price on ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Finally, Benchmark reissued a “buy” rating and issued a $150.00 price target on shares of ESCO Technologies in a research report on Friday, November 15th.

ESCO Technologies Stock Up 0.0 %

ESE stock opened at $132.66 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.31. The company has a 50-day moving average of $139.91 and a two-hundred day moving average of $127.26. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 33.67 and a beta of 1.13. ESCO Technologies Inc. has a 52-week low of $96.69 and a 52-week high of $154.00.

ESCO Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date is Thursday, January 2nd. ESCO Technologies’s dividend payout ratio is currently 8.12%.

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.