ESCO Technologies’ (ESE) “Buy” Rating Reiterated at Benchmark

Benchmark reissued their buy rating on shares of ESCO Technologies (NYSE:ESE) in a report published on Tuesday,Benzinga reports. They currently have a $150.00 target price on the scientific and technical instruments company’s stock.

Separately, Stephens increased their price target on ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th.

ESCO Technologies Stock Up 2.0 %

Shares of NYSE ESE traded up $2.87 on Tuesday, hitting $143.62. The company had a trading volume of 8,828 shares, compared to its average volume of 123,946. ESCO Technologies has a 12-month low of $96.69 and a 12-month high of $147.80. The business has a 50 day moving average of $124.75 and a two-hundred day moving average of $115.75. 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 firm has a market capitalization of $3.70 billion, a P/E ratio of 36.48 and a beta of 1.08.

ESCO Technologies (NYSE:ESE) last released its quarterly earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.03). ESCO Technologies had a return on equity of 8.82% and a net margin of 9.95%. The business had revenue of $260.78 million during the quarter. As a group, equities research analysts forecast that ESCO Technologies will post 4.15 earnings per share for the current fiscal year.

Institutional Trading of ESCO Technologies

A number of hedge funds have recently modified their holdings of the business. Lindenwold Advisors INC acquired a new stake in shares of ESCO Technologies in the third quarter valued at about $226,000. Natixis Advisors LLC raised its stake in shares of ESCO Technologies by 14.4% in the third quarter. Natixis Advisors LLC now owns 17,275 shares of the scientific and technical instruments company’s stock valued at $2,228,000 after acquiring an additional 2,168 shares during the last quarter. Victory Capital Management Inc. raised its position in ESCO Technologies by 9.1% in the 3rd quarter. Victory Capital Management Inc. now owns 70,387 shares of the scientific and technical instruments company’s stock worth $9,079,000 after purchasing an additional 5,874 shares during the last quarter. Ceredex Value Advisors LLC raised its position in ESCO Technologies by 0.5% in the 3rd quarter. Ceredex Value Advisors LLC now owns 94,350 shares of the scientific and technical instruments company’s stock worth $12,169,000 after purchasing an additional 500 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its position in ESCO Technologies by 1.8% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,047,741 shares of the scientific and technical instruments company’s stock worth $135,138,000 after purchasing an additional 18,676 shares during the last quarter. Hedge funds and other institutional investors own 95.70% of the company’s stock.

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.