ESCO Technologies (NYSE:ESE) Lowered to Hold at StockNews.com

StockNews.com cut shares of ESCO Technologies (NYSE:ESEFree Report) from a buy rating to a hold rating in a report released on Thursday morning.

Separately, Sidoti downgraded shares of ESCO Technologies from a buy rating to a neutral rating in a research note on Friday, January 5th.

View Our Latest Stock Report on ESCO Technologies

ESCO Technologies Price Performance

NYSE ESE opened at $103.84 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.26 and a current ratio of 1.85. The firm’s 50 day moving average price is $107.52 and its 200-day moving average price is $104.57. ESCO Technologies has a 52-week low of $85.50 and a 52-week high of $118.60. The company has a market cap of $2.68 billion, a PE ratio of 29.01 and a beta of 1.16.

ESCO Technologies (NYSE:ESEGet Free Report) last released its quarterly earnings data on Thursday, November 16th. The scientific and technical instruments company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. ESCO Technologies had a net margin of 9.68% and a return on equity of 8.72%. The firm had revenue of $272.65 million for the quarter, compared to the consensus estimate of $267.32 million. During the same period last year, the firm earned $1.21 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Sell-side analysts forecast that ESCO Technologies will post 4.66 EPS for the current fiscal year.

ESCO Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Thursday, January 4th were paid a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, January 3rd. This represents a $0.32 annualized dividend and a yield of 0.31%. ESCO Technologies’s dividend payout ratio (DPR) is 8.94%.

Institutional Investors Weigh In On ESCO Technologies

Institutional investors have recently bought and sold shares of the company. Operose Advisors LLC acquired a new stake in ESCO Technologies in the third quarter valued at approximately $30,000. GAMMA Investing LLC acquired a new stake in shares of ESCO Technologies during the fourth quarter worth $45,000. Point72 Middle East FZE acquired a new stake in shares of ESCO Technologies during the fourth quarter worth $45,000. Lazard Asset Management LLC acquired a new stake in shares of ESCO Technologies during the third quarter worth $56,000. Finally, Altshuler Shaham Ltd acquired a new stake in shares of ESCO Technologies during the fourth quarter worth $51,000. 93.45% of the stock is currently owned by institutional investors and hedge funds.

About ESCO Technologies

(Get Free Report)

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.

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