ESCO Technologies (NYSE:ESE) Sets New 12-Month High at $122.42

ESCO Technologies Inc. (NYSE:ESE)’s share price reached a new 52-week high on Tuesday . The company traded as high as $122.42 and last traded at $121.67, with a volume of 13060 shares changing hands. The stock had previously closed at $120.48.

Wall Street Analyst Weigh In

Separately, Stephens restated an “overweight” rating and set a $125.00 price target on shares of ESCO Technologies in a report on Tuesday, July 9th.

ESCO Technologies Stock Up 1.7 %

The business’s 50 day moving average is $108.97 and its 200-day moving average is $104.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.42 and a current ratio of 2.15. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 32.08 and a beta of 1.10.

ESCO Technologies (NYSE:ESE) last posted its earnings results on Thursday, May 9th. The scientific and technical instruments company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. ESCO Technologies had a net margin of 9.94% and a return on equity of 8.83%. The business had revenue of $249.10 million for the quarter, compared to analyst estimates of $241.15 million. During the same period last year, the business posted $0.76 EPS. ESCO Technologies’s revenue was up 8.7% compared to the same quarter last year. Equities analysts anticipate that ESCO Technologies Inc. will post 4.22 EPS for the current fiscal year.

ESCO Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Wednesday, July 3rd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. ESCO Technologies’s payout ratio is 8.40%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. bought a new position in shares of ESCO Technologies during the 2nd quarter worth about $36,000. GAMMA Investing LLC bought a new stake in ESCO Technologies in the fourth quarter valued at about $45,000. YHB Investment Advisors Inc. bought a new stake in ESCO Technologies in the first quarter valued at about $56,000. TFO Wealth Partners LLC increased its stake in ESCO Technologies by 53,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 533 shares of the scientific and technical instruments company’s stock valued at $62,000 after acquiring an additional 532 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in ESCO Technologies in the first quarter valued at about $126,000. Institutional investors 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.