Lindenwold Advisors INC Acquires Shares of 1,756 ESCO Technologies Inc. (NYSE:ESE)

Lindenwold Advisors INC bought a new position in ESCO Technologies Inc. (NYSE:ESE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,756 shares of the scientific and technical instruments company’s stock, valued at approximately $226,000.

Other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. bought a new position in ESCO Technologies in the 2nd quarter worth about $36,000. GAMMA Investing LLC lifted its stake 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 worth $60,000 after buying an additional 141 shares in the last quarter. Innealta Capital LLC bought a new position in shares of ESCO Technologies in the second quarter worth approximately $50,000. Signaturefd LLC grew its holdings in shares of ESCO Technologies by 17.9% during the third quarter. Signaturefd LLC now owns 990 shares of the scientific and technical instruments company’s stock valued at $128,000 after buying an additional 150 shares during the last quarter. Finally, EntryPoint Capital LLC increased its position in shares of ESCO Technologies by 2,178.3% during 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 acquiring an additional 1,503 shares in the last quarter. 95.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on ESE. Benchmark reaffirmed a “buy” rating and issued a $150.00 price objective on shares of ESCO Technologies in a research report on Friday. Stephens upped their price target on ESCO Technologies from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, StockNews.com upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a report on Monday.

ESCO Technologies Trading Up 0.9 %

NYSE:ESE opened at $145.55 on Tuesday. The company has a market cap of $3.75 billion, a PE ratio of 36.94 and a beta of 1.08. The company has a current ratio of 2.10, a quick ratio of 1.39 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $127.95 and a two-hundred day simple moving average of $117.59. ESCO Technologies Inc. has a 12 month low of $96.69 and a 12 month high of $154.00.

ESCO Technologies Dividend Announcement

The company 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. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, January 2nd. ESCO Technologies’s dividend payout ratio (DPR) is presently 8.12%.

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.