ESCO Technologies (NYSE:ESE) Rating Increased to Buy at StockNews.com

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

Several other equities research analysts also recently weighed in on ESE. 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. Stephens boosted their price objective on ESCO Technologies from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, September 27th.

ESCO Technologies Stock Up 0.7 %

ESE stock opened at $132.40 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.31 and a debt-to-equity ratio of 0.08. The firm has a 50 day simple moving average of $139.84 and a 200-day simple moving average of $126.29. The company has a market capitalization of $3.41 billion, a P/E ratio of 33.60 and a beta of 1.11. ESCO Technologies has a twelve month low of $96.69 and a twelve month high of $154.00.

Institutional Investors Weigh In On ESCO Technologies

A number of institutional investors have recently modified their holdings of ESE. Cerity Partners LLC boosted its stake in ESCO Technologies by 55.8% in the third quarter. Cerity Partners LLC now owns 11,516 shares of the scientific and technical instruments company’s stock valued at $1,485,000 after acquiring an additional 4,125 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of 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. Dimensional Fund Advisors LP boosted its position 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 valued at $144,204,000 after purchasing an additional 16,152 shares during the period. Premier Fund Managers Ltd bought a new position in ESCO Technologies during the 3rd quarter worth $942,000. Finally, Creative Planning increased its position in ESCO Technologies by 53.1% in the third quarter. Creative Planning now owns 13,043 shares of the scientific and technical instruments company’s stock worth $1,682,000 after buying an additional 4,526 shares during the period. 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.