StockNews.com Initiates Coverage on ESCO Technologies (NYSE:ESE)

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.

ESCO Technologies (NYSE:ESE – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The scientific and technical instruments company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.49 by $0.11. The business had revenue of $205.50 million for the quarter, compared to the consensus estimate of $193.47 million. ESCO Technologies had a return on equity of 8.36% and a net margin of 9.65%. The firm’s revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. Equities research analysts forecast that ESCO Technologies will post 3.6 EPS for the current year.

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

(Get Rating)

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.