ESCO Technologies Inc. (NYSE:ESE) Short Interest Down 6.5% in July

ESCO Technologies Inc. (NYSE:ESE) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 343,000 shares, a decrease of 6.5% from the July 15th total of 366,700 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily volume of 136,000 shares, the days-to-cover ratio is presently 2.5 days.

Hedge Funds Weigh In On ESCO Technologies

Large investors have recently bought and sold shares of the business. First Horizon Advisors Inc. bought a new stake in shares of ESCO Technologies during the 2nd quarter valued at $36,000. GAMMA Investing LLC bought a new stake in ESCO Technologies in the fourth quarter valued at about $45,000. Innealta Capital LLC bought a new stake in ESCO Technologies in the second quarter valued at about $50,000. YHB Investment Advisors Inc. acquired a new position in ESCO Technologies in the first quarter valued at about $56,000. Finally, TFO Wealth Partners LLC boosted its holdings in ESCO Technologies by 53,200.0% during the fourth quarter. TFO Wealth Partners LLC now owns 533 shares of the scientific and technical instruments company’s stock worth $62,000 after buying an additional 532 shares during the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Stephens reaffirmed an “overweight” rating and set a $125.00 price objective on shares of ESCO Technologies in a report on Tuesday, July 9th.

ESCO Technologies Price Performance

Shares of ESE stock opened at $121.29 on Monday. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 31.83 and a beta of 1.10. ESCO Technologies has a 12 month low of $94.59 and a 12 month high of $125.54. The company has a quick ratio of 1.42, a current ratio of 2.15 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $112.23 and a 200 day moving average price of $106.85.

ESCO Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Wednesday, October 2nd. ESCO Technologies’s dividend payout ratio is 8.40%.

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.