Benchmark Boosts ESCO Technologies (NYSE:ESE) Price Target to $190.00

ESCO Technologies (NYSE:ESE) had its price objective boosted by research analysts at Benchmark from $150.00 to $190.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the scientific and technical instruments company’s stock. Benchmark’s price objective would indicate a potential upside of 14.95% from the stock’s previous close.

Separately, StockNews.com upgraded shares of ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Monday, January 20th.

ESCO Technologies Trading Down 0.1 %

Shares of NYSE ESE opened at $165.29 on Tuesday. The business has a fifty day simple moving average of $136.64 and a 200-day simple moving average of $130.56. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 38.80 and a beta of 1.13. ESCO Technologies has a 12 month low of $96.69 and a 12 month high of $167.61. The company has a quick ratio of 1.31, a current ratio of 1.91 and a debt-to-equity ratio of 0.08.

ESCO Technologies (NYSE:ESE) last posted its quarterly earnings data on Thursday, February 6th. The scientific and technical instruments company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.34. ESCO Technologies had a net margin of 10.44% and a return on equity of 9.99%. Sell-side analysts predict that ESCO Technologies will post 4.8 EPS for the current year.

Institutional Trading of ESCO Technologies

Hedge funds have recently made changes to their positions in the stock. Cerity Partners LLC raised its holdings in shares of ESCO Technologies by 55.8% during the third quarter. Cerity Partners LLC now owns 11,516 shares of the scientific and technical instruments company’s stock worth $1,485,000 after acquiring an additional 4,125 shares in the last quarter. Victory Capital Management Inc. increased its position in ESCO Technologies by 9.1% in the 3rd quarter. Victory Capital Management Inc. now owns 70,387 shares of the scientific and technical instruments company’s stock worth $9,079,000 after purchasing an additional 5,874 shares during the last quarter. Premier Fund Managers Ltd purchased a new stake in shares of ESCO Technologies during the 3rd quarter worth about $942,000. Creative Planning raised its stake in shares of ESCO Technologies by 53.1% during the 3rd quarter. Creative Planning now owns 13,043 shares of the scientific and technical instruments company’s stock worth $1,682,000 after purchasing an additional 4,526 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of ESCO Technologies by 5.3% during the 3rd quarter. HighTower Advisors LLC now owns 2,477 shares of the scientific and technical instruments company’s stock valued at $320,000 after buying an additional 124 shares during the last quarter. 95.70% of the stock is owned by hedge funds and other institutional investors.

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.