ESCO Technologies (NYSE:ESE - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Wednesday.
Several other equities research analysts have also weighed in on the company. Benchmark restated a "buy" rating and issued a $150.00 target price on shares of ESCO Technologies in a report on Friday, November 15th. Stephens boosted 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.
Check Out Our Latest Stock Report on ESE
ESCO Technologies Stock Down 0.1 %
Shares of NYSE:ESE traded down $0.08 on Wednesday, reaching $133.21. The company had a trading volume of 41,961 shares, compared to its average volume of 123,165. The stock has a market capitalization of $3.44 billion, a P/E ratio of 33.81 and a beta of 1.11. The stock has a 50-day moving average price of $139.63 and a 200 day moving average price of $125.36. ESCO Technologies has a twelve month low of $96.69 and a twelve month high of $154.00. The company has a quick ratio of 1.31, a current ratio of 1.91 and a debt-to-equity ratio of 0.08.
Institutional Trading of ESCO Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its position in shares of ESCO Technologies by 20.9% in the third quarter. First Horizon Advisors Inc. now owns 411 shares of the scientific and technical instruments company's stock valued at $53,000 after acquiring an additional 71 shares during the period. GAMMA Investing LLC raised its stake in 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 valued at $60,000 after purchasing an additional 141 shares during 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. Intech Investment Management LLC acquired a new stake in ESCO Technologies in the 2nd quarter worth $205,000. Finally, Stonegate Investment Group LLC acquired a new stake in ESCO Technologies in the 3rd quarter worth $207,000. Institutional investors and hedge funds own 95.70% of the company's stock.
ESCO Technologies Company Profile
(
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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.
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