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

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

ESE has been the topic of several other reports. Stephens lifted their price target on ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Benchmark restated a “buy” rating and issued a $150.00 price objective on shares of ESCO Technologies in a research note on Friday, November 15th.

ESCO Technologies Trading Up 1.4 %

Shares of NYSE:ESE opened at $135.68 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.31 and a current ratio of 1.91. The stock’s 50-day moving average is $138.79 and its 200-day moving average is $124.29. The company has a market cap of $3.50 billion, a P/E ratio of 34.44 and a beta of 1.11. ESCO Technologies has a 52-week low of $96.69 and a 52-week high of $154.00.

Institutional Trading of ESCO Technologies

A number of hedge funds have recently modified their holdings of the company. Franklin Resources Inc. increased its position in shares of ESCO Technologies by 2.6% during the third quarter. Franklin Resources Inc. now owns 20,917 shares of the scientific and technical instruments company’s stock valued at $2,608,000 after purchasing an additional 537 shares during the period. Barclays PLC increased its holdings in ESCO Technologies by 340.9% in the 3rd quarter. Barclays PLC now owns 44,413 shares of the scientific and technical instruments company’s stock valued at $5,728,000 after buying an additional 34,340 shares during the period. First National Bank of Omaha increased its holdings in ESCO Technologies by 25.8% in the 3rd quarter. First National Bank of Omaha now owns 5,343 shares of the scientific and technical instruments company’s stock valued at $689,000 after buying an additional 1,095 shares during the period. Dean Investment Associates LLC raised its stake in shares of ESCO Technologies by 25.1% in the 3rd quarter. Dean Investment Associates LLC now owns 38,569 shares of the scientific and technical instruments company’s stock valued at $4,975,000 after buying an additional 7,727 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of ESCO Technologies by 31.9% during the 3rd quarter. Jane Street Group LLC now owns 32,901 shares of the scientific and technical instruments company’s stock worth $4,244,000 after acquiring an additional 7,951 shares during the period. 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.