ESCO Technologies Inc. (NYSE:ESE) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in shares of ESCO Technologies Inc. (NYSE:ESE) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,575 shares of the scientific and technical instruments company’s stock after selling 288 shares during the quarter. Amalgamated Bank’s holdings in ESCO Technologies were worth $977,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new stake in ESCO Technologies in the second quarter valued at about $36,000. GAMMA Investing LLC increased its holdings in shares of ESCO Technologies by 43.0% in the 3rd quarter. GAMMA Investing LLC now owns 469 shares of the scientific and technical instruments company’s stock valued at $60,000 after acquiring an additional 141 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of ESCO Technologies in the 2nd quarter valued at approximately $50,000. Signaturefd LLC raised its position in shares of ESCO Technologies by 17.9% during the 3rd quarter. Signaturefd LLC now owns 990 shares of the scientific and technical instruments company’s stock valued at $128,000 after acquiring an additional 150 shares in the last quarter. Finally, EntryPoint Capital LLC lifted its stake in ESCO Technologies by 2,178.3% during the first quarter. EntryPoint Capital LLC now owns 1,572 shares of the scientific and technical instruments company’s stock worth $168,000 after purchasing an additional 1,503 shares during the last quarter. 95.70% of the stock is owned by institutional investors and hedge funds.

ESCO Technologies Price Performance

Shares of NYSE ESE opened at $139.62 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.10 and a quick ratio of 1.39. The firm has a market capitalization of $3.60 billion, a PE ratio of 36.27 and a beta of 1.08. ESCO Technologies Inc. has a 1-year low of $96.69 and a 1-year high of $147.80. The business’s fifty day moving average price is $126.87 and its two-hundred day moving average price is $116.94.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Benchmark reissued a “buy” rating and set a $150.00 target price on shares of ESCO Technologies in a report on Tuesday, November 5th. Stephens raised their target price on shares of ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, September 27th.

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.