ESCO Technologies (NYSE:ESE) Stock Rating Upgraded by StockNews.com

ESCO Technologies (NYSE:ESE) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Other analysts have also recently issued reports about the stock. Stephens upped their price target on shares of ESCO Technologies from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Benchmark reissued a “buy” rating and issued a $150.00 target price on shares of ESCO Technologies in a research report on Friday, November 15th.

ESCO Technologies Price Performance

ESE stock opened at $146.29 on Monday. The firm has a market cap of $3.77 billion, a P/E ratio of 37.12 and a beta of 1.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.31 and a current ratio of 1.91. ESCO Technologies has a 1 year low of $96.69 and a 1 year high of $154.00. The stock has a 50-day simple moving average of $128.56 and a 200-day simple moving average of $117.87.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its stake in shares of ESCO Technologies by 56.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,440 shares of the scientific and technical instruments company’s stock worth $1,225,000 after acquiring an additional 4,130 shares in the last quarter. Quadrature Capital Ltd increased its stake in ESCO Technologies by 291.2% in the 1st quarter. Quadrature Capital Ltd now owns 17,684 shares of the scientific and technical instruments company’s stock worth $1,893,000 after purchasing an additional 13,164 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in ESCO Technologies by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,372,850 shares of the scientific and technical instruments company’s stock worth $144,204,000 after buying an additional 16,152 shares during the period. Creative Planning lifted its stake in ESCO Technologies by 53.1% during the third quarter. Creative Planning now owns 13,043 shares of the scientific and technical instruments company’s stock valued at $1,682,000 after buying an additional 4,526 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of ESCO Technologies by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 13,000 shares of the scientific and technical instruments company’s stock worth $1,366,000 after buying an additional 200 shares during the period. 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.