ESCO Technologies (NYSE:ESE) Sets New 52-Week High at $127.15

ESCO Technologies Inc. (NYSE:ESE) shares hit a new 52-week high on Tuesday . The stock traded as high as $127.15 and last traded at $124.93, with a volume of 116351 shares traded. The stock had previously closed at $126.00.

Wall Street Analyst Weigh In

Separately, Stephens reiterated an “overweight” rating and issued a $125.00 target price on shares of ESCO Technologies in a report on Tuesday, July 9th.

ESCO Technologies Stock Down 0.8 %

The firm has a market cap of $3.22 billion, a PE ratio of 33.11 and a beta of 1.08. The company has a 50-day simple moving average of $118.97 and a 200-day simple moving average of $110.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.10 and a quick ratio of 1.39.

ESCO Technologies (NYSE:ESE) last posted 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). The company had revenue of $260.78 million during the quarter. ESCO Technologies had a return on equity of 8.82% and a net margin of 9.95%. Analysts expect that ESCO Technologies Inc. will post 4.15 earnings per share for the current fiscal year.

ESCO Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Wednesday, October 2nd. ESCO Technologies’s dividend payout ratio (DPR) is presently 8.40%.

Hedge Funds Weigh In On ESCO Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in ESE. First Horizon Advisors Inc. purchased a new stake in ESCO Technologies in the second quarter worth about $36,000. Innealta Capital LLC bought a new position in shares of ESCO Technologies during the second quarter valued at approximately $50,000. YHB Investment Advisors Inc. purchased a new position in ESCO Technologies during the first quarter valued at approximately $56,000. TFO Wealth Partners LLC raised its stake in ESCO Technologies by 53,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 533 shares of the scientific and technical instruments company’s stock worth $62,000 after buying an additional 532 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in ESCO Technologies during the first quarter worth $126,000. Institutional investors own 95.70% of the company’s stock.

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.