ESCO Technologies (NYSE:ESE) Stock Rating Reaffirmed by Stephens

ESCO Technologies (NYSE:ESE)‘s stock had its “overweight” rating reissued by stock analysts at Stephens in a note issued to investors on Tuesday, Benzinga reports. They presently have a $125.00 price objective on the scientific and technical instruments company’s stock. Stephens’ price objective indicates a potential upside of 14.23% from the company’s current price.

ESCO Technologies Price Performance

NYSE ESE opened at $109.43 on Tuesday. The stock’s 50-day moving average price is $106.64 and its two-hundred day moving average price is $104.66. The company has a current ratio of 2.15, a quick ratio of 1.42 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.82 billion, a PE ratio of 28.72 and a beta of 1.10. ESCO Technologies has a 1 year low of $94.59 and a 1 year high of $118.60.

ESCO Technologies (NYSE:ESE) last posted its quarterly earnings data on Thursday, May 9th. The scientific and technical instruments company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.06. The firm had revenue of $249.10 million for the quarter, compared to the consensus estimate of $241.15 million. ESCO Technologies had a return on equity of 8.83% and a net margin of 9.94%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 EPS. On average, analysts predict that ESCO Technologies will post 4.22 EPS for the current year.

Institutional Trading of ESCO Technologies

A number of hedge funds have recently made changes to their positions in ESE. Commerce Bank purchased a new stake in shares of ESCO Technologies in the fourth quarter worth approximately $33,226,000. Public Employees Retirement Association of Colorado lifted its position in shares of ESCO Technologies by 5,817.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 212,433 shares of the scientific and technical instruments company’s stock worth $24,861,000 after purchasing an additional 208,843 shares in the last quarter. Norges Bank purchased a new stake in shares of ESCO Technologies in the fourth quarter worth approximately $20,328,000. Tributary Capital Management LLC purchased a new stake in shares of ESCO Technologies in the first quarter worth approximately $12,377,000. Finally, Comerica Bank bought a new position in ESCO Technologies during the third quarter valued at approximately $9,239,000. 95.70% of the stock is owned by hedge funds and other institutional investors.

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.