ESCO Technologies Inc. (ESE) To Go Ex-Dividend on January 2nd

ESCO Technologies Inc. (NYSE:ESE) declared a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Investors of record on Thursday, January 2nd will be given a dividend of 0.08 per share by the scientific and technical instruments company on Friday, January 17th. This represents a $0.32 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, January 2nd.

ESCO Technologies has a dividend payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings.

ESCO Technologies Price Performance

ESE stock opened at $144.30 on Friday. The stock has a 50-day moving average price of $127.95 and a two-hundred day moving average price of $117.37. ESCO Technologies has a 12-month low of $96.69 and a 12-month high of $154.00. The company has a current ratio of 2.10, a quick ratio of 1.39 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.72 billion, a PE ratio of 36.62 and a beta of 1.08.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ESE shares. Benchmark reaffirmed a “buy” rating and issued a $150.00 target price on shares of ESCO Technologies in a research report on Friday. Stephens upped 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.

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.