ESCO Technologies (NYSE:ESE) Stock Price Expected to Rise, Benchmark Analyst Says

ESCO Technologies (NYSE:ESE) had its price objective lifted by Benchmark from $150.00 to $190.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the scientific and technical instruments company’s stock. Benchmark’s price objective would indicate a potential upside of 14.38% from the company’s previous close.

Separately, StockNews.com upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Monday, January 20th.

ESCO Technologies Stock Up 2.1 %

Shares of ESE stock traded up $3.45 on Tuesday, hitting $166.11. The stock had a trading volume of 68,319 shares, compared to its average volume of 101,563. The company has a market cap of $4.28 billion, a PE ratio of 38.91 and a beta of 1.13. The company has a quick ratio of 1.31, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. ESCO Technologies has a one year low of $96.69 and a one year high of $166.00. The business has a 50 day moving average price of $136.01 and a 200 day moving average price of $129.99.

ESCO Technologies (NYSE:ESE) last released its quarterly earnings results on Thursday, February 6th. The scientific and technical instruments company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.34. ESCO Technologies had a return on equity of 9.99% and a net margin of 10.44%. Research analysts anticipate that ESCO Technologies will post 4.8 earnings per share for the current fiscal year.

Institutional Trading of ESCO Technologies

Large investors have recently bought and sold shares of the business. Mather Group LLC. purchased a new stake in shares of ESCO Technologies in the fourth quarter valued at about $30,000. Jones Financial Companies Lllp increased its position in ESCO Technologies by 747.1% during the 4th quarter. Jones Financial Companies Lllp now owns 288 shares of the scientific and technical instruments company’s stock worth $38,000 after purchasing an additional 254 shares during the period. First Horizon Advisors Inc. raised its stake in shares of ESCO Technologies by 20.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 411 shares of the scientific and technical instruments company’s stock worth $53,000 after buying an additional 71 shares in the last quarter. GAMMA Investing LLC lifted 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 buying an additional 141 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of ESCO Technologies by 378.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 565 shares of the scientific and technical instruments company’s stock valued at $75,000 after buying an additional 447 shares in the last quarter. Institutional investors and hedge funds 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.