Equities researchers at StockNews.com initiated coverage on shares of ESCO Technologies (NYSE:ESE – Get Rating) in a report released on Thursday. The brokerage set a “buy” rating on the scientific and technical instruments company’s stock.
Separately, Stephens raised their price objective on ESCO Technologies from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, November 21st.
ESCO Technologies Stock Performance
ESE stock opened at $87.00 on Thursday. The business’s fifty day moving average is $93.77 and its 200-day moving average is $87.63. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 0.11. The company has a market cap of $2.25 billion, a P/E ratio of 26.44 and a beta of 1.12. ESCO Technologies has a twelve month low of $60.03 and a twelve month high of $101.52.
Institutional Trading of ESCO Technologies
Several hedge funds and other institutional investors have recently modified their holdings of ESE. Point72 Middle East FZE acquired a new stake in shares of ESCO Technologies in the 4th quarter valued at about $45,000. Altshuler Shaham Ltd acquired a new stake in shares of ESCO Technologies in the 4th quarter valued at about $51,000. Rockefeller Capital Management L.P. raised its stake in shares of ESCO Technologies by 354.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 737 shares of the scientific and technical instruments company’s stock valued at $54,000 after purchasing an additional 575 shares during the period. Signaturefd LLC raised its stake in shares of ESCO Technologies by 31.1% in the 3rd quarter. Signaturefd LLC now owns 835 shares of the scientific and technical instruments company’s stock valued at $61,000 after purchasing an additional 198 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in shares of ESCO Technologies by 323.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,520 shares of the scientific and technical instruments company’s stock valued at $112,000 after purchasing an additional 1,161 shares during the period. Institutional investors and hedge funds own 93.96% of the company’s stock.
About ESCO Technologies
ESCO Technologies, Inc is a producer of engineered products and systems, which engages in the provision of utility, industrial, aerospace, and commercial applications. It operates through the Aerospace & Defense (A&D), RF Shielding and Test, and Utility Solutions Group (USG) segments. The A&D segment designs and manufactures specialty filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications, unique filter mechanisms used in micro-propulsion devices for satellites, custom designed filters for manned aircraft and submarines, products and systems to reduce vibration and/or acoustic signatures and otherwise reduce or obscure a vessel’s signature, and other communications, sealing, surface control and hydrodynamic related applications to enhance U.S.
- Get a free copy of the StockNews.com research report on ESCO Technologies (ESE)
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