ESCO Technologies (NYSE:ESE) Downgraded by StockNews.com to “Hold”

ESCO Technologies (NYSE:ESE) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Several other equities analysts have also commented on ESE. Benchmark reissued a “buy” rating and issued a $150.00 target price on shares of ESCO Technologies in a report on Friday, November 15th. Stephens increased 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 Trading Up 1.8 %

NYSE:ESE opened at $151.69 on Tuesday. ESCO Technologies has a 12-month low of $96.69 and a 12-month high of $154.00. The firm has a market cap of $3.91 billion, a PE ratio of 38.50 and a beta of 1.08. 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 stock has a fifty day moving average price of $130.97 and a 200 day moving average price of $118.98.

Institutional Trading of ESCO Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. First Horizon Advisors Inc. purchased a new stake in shares of ESCO Technologies in the second quarter valued at about $36,000. GAMMA Investing LLC raised its stake in ESCO Technologies by 43.0% during 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 acquired a new stake in ESCO Technologies during the 2nd quarter worth approximately $50,000. Signaturefd LLC grew its stake in shares of ESCO Technologies by 17.9% in the 3rd quarter. Signaturefd LLC now owns 990 shares of the scientific and technical instruments company’s stock valued at $128,000 after purchasing an additional 150 shares during the last quarter. Finally, Stonegate Investment Group LLC purchased a new position in shares of ESCO Technologies in the 3rd quarter valued at approximately $207,000. Hedge funds and other 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.