Mutual of America Capital Management LLC Trims Holdings in ESCO Technologies Inc. (NYSE:ESE)

Mutual of America Capital Management LLC decreased its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 1.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 77,554 shares of the scientific and technical instruments company’s stock after selling 1,164 shares during the period. Mutual of America Capital Management LLC’s holdings in ESCO Technologies were worth $10,003,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. purchased a new stake in shares of ESCO Technologies in the second quarter worth about $36,000. Innealta Capital LLC bought a new stake in ESCO Technologies during the 2nd quarter worth approximately $50,000. GAMMA Investing LLC lifted its stake in ESCO Technologies by 43.0% in 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 in the last quarter. Signaturefd LLC boosted its holdings in ESCO Technologies by 17.9% in the 3rd quarter. Signaturefd LLC now owns 990 shares of the scientific and technical instruments company’s stock valued at $128,000 after purchasing an additional 150 shares during the period. Finally, EntryPoint Capital LLC grew its position in shares of ESCO Technologies by 2,178.3% during the 1st quarter. EntryPoint Capital LLC now owns 1,572 shares of the scientific and technical instruments company’s stock valued at $168,000 after purchasing an additional 1,503 shares in the last quarter. Institutional investors own 95.70% of the company’s stock.

ESCO Technologies Trading Up 3.1 %

NYSE ESE opened at $144.30 on Monday. The stock’s 50-day simple moving average is $127.95 and its two-hundred day simple moving average is $117.48. ESCO Technologies Inc. has a twelve month low of $96.69 and a twelve month 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. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 36.62 and a beta of 1.08.

ESCO Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.22%. The ex-dividend date is Thursday, January 2nd. ESCO Technologies’s dividend payout ratio is currently 8.12%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Stephens boosted their target price on ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Benchmark reissued a “buy” rating and set a $150.00 price objective on shares of ESCO Technologies in a report on Friday.

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.