Central Pacific Bank Trust Division Has $183,000 Stake in ESCO Technologies Inc. (NYSE:ESE)

Central Pacific Bank Trust Division lessened its holdings in shares of ESCO Technologies Inc. (NYSE:ESE) by 19.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,377 shares of the scientific and technical instruments company’s stock after selling 330 shares during the period. Central Pacific Bank Trust Division’s holdings in ESCO Technologies were worth $183,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Natixis Advisors LLC bought a new stake in shares of ESCO Technologies in the second quarter valued at approximately $1,587,000. Rhumbline Advisers lifted its position in shares of ESCO Technologies by 0.6% during the 2nd quarter. Rhumbline Advisers now owns 76,505 shares of the scientific and technical instruments company’s stock valued at $8,036,000 after acquiring an additional 493 shares during the period. TD Asset Management Inc grew its holdings in shares of ESCO Technologies by 4.8% during the 2nd quarter. TD Asset Management Inc now owns 19,630 shares of the scientific and technical instruments company’s stock worth $2,062,000 after purchasing an additional 900 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of ESCO Technologies by 1.1% in the second quarter. Victory Capital Management Inc. now owns 64,513 shares of the scientific and technical instruments company’s stock worth $6,776,000 after purchasing an additional 676 shares during the period. Finally, Arizona State Retirement System increased its position in shares of ESCO Technologies by 1.8% in the second quarter. Arizona State Retirement System now owns 7,222 shares of the scientific and technical instruments company’s stock worth $759,000 after purchasing an additional 130 shares during the period. 95.70% of the stock is owned by institutional investors.

ESCO Technologies Stock Up 1.2 %

Shares of NYSE ESE opened at $133.15 on Friday. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 33.79 and a beta of 1.13. The company has a current ratio of 1.91, a quick ratio of 1.31 and a debt-to-equity ratio of 0.08. ESCO Technologies Inc. has a 12 month low of $96.69 and a 12 month high of $154.00. The stock has a 50-day moving average price of $139.75 and a two-hundred day moving average price of $125.60.

ESCO Technologies Announces Dividend

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 given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Thursday, January 2nd. ESCO Technologies’s dividend payout ratio is 8.12%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ESE shares. Stephens increased their price objective on shares of ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. StockNews.com lowered shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Benchmark restated a “buy” rating and set a $150.00 price objective on shares of ESCO Technologies in a research report on Friday, November 15th.

About ESCO Technologies

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.