ESCO Technologies Inc. (NYSE:ESE) Short Interest Update

by · The Cerbat Gem

ESCO Technologies Inc. (NYSE:ESE – Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 263,300 shares, a decrease of 11.2% from the October 15th total of 296,500 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average trading volume of 100,900 shares, the days-to-cover ratio is presently 2.6 days.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ESE. Benchmark restated a “buy” rating and issued a $150.00 target price on shares of ESCO Technologies in a research note on Friday. Stephens increased their target price on shares of ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, September 27th.

Check Out Our Latest Research Report on ESCO Technologies

Institutional Investors Weigh In On ESCO Technologies

Large investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. bought a new position in shares of ESCO Technologies during the second quarter worth about $36,000. Innealta Capital LLC acquired a new stake in shares of ESCO Technologies in the second quarter valued at approximately $50,000. GAMMA Investing LLC raised its holdings in shares of ESCO Technologies by 43.0% during the third quarter. GAMMA Investing LLC now owns 469 shares of the scientific and technical instruments company’s stock valued at $60,000 after buying an additional 141 shares during the last quarter. Signaturefd LLC raised 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 boosted 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 worth $168,000 after buying an additional 1,503 shares during the period. 95.70% of the stock is owned by institutional investors and hedge funds.

ESCO Technologies Stock Performance

ESE stock traded up $4.30 during midday trading on Friday, reaching $144.30. The company had a trading volume of 304,666 shares, compared to its average volume of 125,572. The firm has a market capitalization of $3.72 billion, a PE ratio of 36.62 and a beta of 1.08. The stock has a 50 day moving average price of $127.95 and a 200 day moving average price of $117.48. ESCO Technologies has a fifty-two week low of $96.69 and a fifty-two week high of $154.00. The company has a quick ratio of 1.39, a current ratio of 2.10 and a debt-to-equity ratio of 0.13.

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 paid a dividend of $0.08 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. ESCO Technologies’s payout ratio is currently 8.12%.

About ESCO Technologies

(Get Free Report)

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.

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