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

StockNews.com upgraded shares of ESCO Technologies (NYSE:ESEGet Rating) from a hold rating to a buy rating in a report published on Monday morning.

Several other equities analysts have also commented on ESE. Stephens raised their price target on ESCO Technologies from $100.00 to $110.00 and gave the company an overweight rating in a research note on Monday. TheStreet upgraded ESCO Technologies from a c+ rating to a b- rating in a research note on Friday, August 12th.

ESCO Technologies Stock Performance

Shares of ESCO Technologies stock opened at $94.61 on Monday. The firm has a market cap of $2.45 billion, a P/E ratio of 29.94 and a beta of 1.08. The company has a current ratio of 1.80, a quick ratio of 1.29 and a debt-to-equity ratio of 0.13. ESCO Technologies has a 12 month low of $60.03 and a 12 month high of $96.69. The stock’s fifty day moving average price is $81.94 and its 200-day moving average price is $75.85.

ESCO Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 20th. Shareholders of record on Thursday, January 5th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Wednesday, January 4th. ESCO Technologies’s dividend payout ratio is presently 10.13%.

Institutional Investors Weigh In On ESCO Technologies

Several institutional investors have recently added to or reduced their stakes in ESE. Quadrant Capital Group LLC boosted its holdings in ESCO Technologies by 216.5% in the first quarter. Quadrant Capital Group LLC now owns 690 shares of the scientific and technical instruments company’s stock worth $48,000 after acquiring an additional 472 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in ESCO Technologies by 354.9% in the third quarter. Rockefeller Capital Management L.P. now owns 737 shares of the scientific and technical instruments company’s stock worth $54,000 after acquiring an additional 575 shares in the last quarter. Signaturefd LLC boosted its holdings in ESCO Technologies by 31.1% in the third quarter. Signaturefd LLC now owns 835 shares of the scientific and technical instruments company’s stock worth $61,000 after acquiring an additional 198 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in ESCO Technologies by 45.6% in the first quarter. Advisor Group Holdings Inc. now owns 2,265 shares of the scientific and technical instruments company’s stock worth $158,000 after acquiring an additional 709 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in shares of ESCO Technologies during the third quarter worth about $201,000. Institutional investors and hedge funds own 94.98% of the company’s stock.

ESCO Technologies Company Profile

(Get Rating)

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through Aerospace & Defense, Utility Solutions Group, and RF Shielding and Test segments. 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.

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