ESCO Technologies (NYSE:ESE - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Thursday.
Several other equities analysts have also recently weighed in on the company. Stephens reaffirmed an "overweight" rating and set a $175.00 target price on shares of ESCO Technologies in a research note on Thursday, February 27th. Benchmark upped their price objective on shares of ESCO Technologies from $150.00 to $190.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th.
View Our Latest Research Report on ESE
ESCO Technologies Trading Up 2.5 %
ESE stock traded up $3.86 during mid-day trading on Thursday, reaching $160.71. 141,800 shares of the stock traded hands, compared to its average volume of 116,931. ESCO Technologies has a 52-week low of $97.11 and a 52-week high of $171.28. The stock's fifty day moving average is $147.76 and its 200-day moving average is $137.51. The company has a market cap of $4.15 billion, a P/E ratio of 37.72 and a beta of 1.11. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.07.
ESCO Technologies (NYSE:ESE - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The scientific and technical instruments company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.73 by $0.34. ESCO Technologies had a net margin of 10.44% and a return on equity of 9.91%. As a group, sell-side analysts expect that ESCO Technologies will post 5.65 earnings per share for the current year.
Hedge Funds Weigh In On ESCO Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of ESCO Technologies by 12.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,852 shares of the scientific and technical instruments company's stock valued at $9,172,000 after purchasing an additional 7,874 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in ESCO Technologies by 35.5% during the fourth quarter. Voloridge Investment Management LLC now owns 48,005 shares of the scientific and technical instruments company's stock valued at $6,395,000 after buying an additional 12,577 shares in the last quarter. State of Wyoming lifted its position in shares of ESCO Technologies by 7.8% in the fourth quarter. State of Wyoming now owns 1,861 shares of the scientific and technical instruments company's stock worth $248,000 after buying an additional 134 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of ESCO Technologies by 0.5% during the 4th quarter. Royal Bank of Canada now owns 240,952 shares of the scientific and technical instruments company's stock worth $32,097,000 after acquiring an additional 1,317 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of ESCO Technologies by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 7,799 shares of the scientific and technical instruments company's stock valued at $1,039,000 after acquiring an additional 2,401 shares in the last quarter. Institutional investors 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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