ESCO Technologies (NYSE:ESE) Stock Rating Reaffirmed by Stephens

ESCO Technologies (NYSE:ESE)‘s stock had its “overweight” rating restated by stock analysts at Stephens in a note issued to investors on Tuesday, Benzinga reports. They currently have a $125.00 price objective on the scientific and technical instruments company’s stock. Stephens’ price target suggests a potential upside of 14.23% from the company’s previous close.

ESCO Technologies Stock Performance

Shares of NYSE:ESE opened at $109.43 on Tuesday. The stock has a market capitalization of $2.82 billion, a P/E ratio of 28.72 and a beta of 1.10. ESCO Technologies has a 1-year low of $94.59 and a 1-year high of $118.60. The company has a current ratio of 2.15, a quick ratio of 1.42 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $106.64 and a two-hundred day moving average price of $104.66.

ESCO Technologies (NYSE:ESE) last posted its earnings results on Thursday, May 9th. The scientific and technical instruments company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.06. The company had revenue of $249.10 million during the quarter, compared to analyst estimates of $241.15 million. ESCO Technologies had a return on equity of 8.83% and a net margin of 9.94%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 EPS. Equities analysts predict that ESCO Technologies will post 4.22 earnings per share for the current year.

Hedge Funds Weigh In On ESCO Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Commerce Bank bought a new stake in ESCO Technologies in the 4th quarter valued at approximately $33,226,000. Public Employees Retirement Association of Colorado lifted its stake in ESCO Technologies by 5,817.4% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 212,433 shares of the scientific and technical instruments company’s stock valued at $24,861,000 after acquiring an additional 208,843 shares in the last quarter. Norges Bank bought a new stake in ESCO Technologies in the 4th quarter valued at approximately $20,328,000. Tributary Capital Management LLC bought a new stake in ESCO Technologies in the 1st quarter valued at approximately $12,377,000. Finally, Comerica Bank bought a new stake in ESCO Technologies in the 3rd quarter valued at approximately $9,239,000. 95.70% of the stock is currently owned by institutional investors and hedge funds.

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.