Advantage Alpha Capital Partners LP Reduces Stock Position in ESCO Technologies Inc. (NYSE:ESE)

Advantage Alpha Capital Partners LP trimmed its holdings in shares of ESCO Technologies Inc. (NYSE:ESE) by 36.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,481 shares of the scientific and technical instruments company’s stock after selling 15,524 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.11% of ESCO Technologies worth $3,544,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ESE. First Horizon Advisors Inc. bought a new stake in shares of ESCO Technologies in the 2nd quarter valued at approximately $36,000. GAMMA Investing LLC lifted its stake in shares of ESCO Technologies by 43.0% during the 3rd quarter. GAMMA Investing LLC now owns 469 shares of the scientific and technical instruments company’s stock worth $60,000 after purchasing an additional 141 shares during the last quarter. Innealta Capital LLC acquired a new stake in ESCO Technologies in the second quarter valued at approximately $50,000. Signaturefd LLC boosted its holdings in ESCO Technologies by 17.9% in the third quarter. Signaturefd LLC now owns 990 shares of the scientific and technical instruments company’s stock worth $128,000 after acquiring an additional 150 shares in the last quarter. Finally, Stonegate Investment Group LLC purchased a new stake in shares of ESCO Technologies during the third quarter valued at $207,000. Institutional investors own 95.70% of the company’s stock.

Wall Street Analyst Weigh In

ESE has been the subject of a number of research reports. Benchmark restated a “buy” rating and set a $150.00 target price on shares of ESCO Technologies in a research report on Friday, November 15th. StockNews.com cut shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Stephens raised their price objective on ESCO Technologies from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, September 27th.

ESCO Technologies Stock Up 1.8 %

Shares of NYSE ESE opened at $151.69 on Tuesday. ESCO Technologies Inc. has a 1 year low of $96.69 and a 1 year high of $154.00. 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 market capitalization of $3.91 billion, a P/E ratio of 38.50 and a beta of 1.08. The company has a 50 day simple moving average of $131.59 and a 200-day simple moving average of $119.26.

ESCO Technologies Dividend Announcement

The business also recently announced 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. The ex-dividend date is Thursday, January 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.21%. ESCO Technologies’s payout ratio is currently 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.