ESCO Technologies Inc. (NYSE:ESE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Nexus Energy Software, a subsidiary of ESCO Technologies Inc., enables the vision of what energy information can accomplish for the twenty first Century Utility by transforming both energy company and customer views of energy. Nexus’ leading, proven-at-scale solutions support customer interactions via self-service and the contact center, while enhancing operating functions with analytic applications that integrate meter, customer, and asset data. Nexus’ ENERGYprism, Energy Vision and Nexus MDMS product lines are in use at over eighty five energy companies worldwide, supporting millions of interactions and transactions each year, “

ESE has been the subject of a number of other reports. BidaskClub lowered shares of ESCO Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Wunderlich started coverage on shares of ESCO Technologies in a research note on Tuesday, June 13th. They set a “buy” rating and a $71.00 price target on the stock. Finally, FBR & Co reissued an “outperform” rating on shares of ESCO Technologies in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $67.00.

Shares of ESCO Technologies (NYSE ESE) traded up 0.17% during mid-day trading on Tuesday, hitting $60.60. 59,794 shares of the company traded hands. The firm has a 50-day moving average of $56.81 and a 200-day moving average of $58.13. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 30.61 and a beta of 1.03. ESCO Technologies has a one year low of $42.95 and a one year high of $63.80.

ESCO Technologies (NYSE:ESE) last issued its earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $172.00 million during the quarter, compared to analyst estimates of $172.00 million. ESCO Technologies had a net margin of 8.06% and a return on equity of 8.36%. The company’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share. On average, equities analysts predict that ESCO Technologies will post $2.08 earnings per share for the current year.

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Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in ESCO Technologies by 46,624.3% in the 1st quarter. BlackRock Inc. now owns 3,078,663 shares of the scientific and technical instruments company’s stock worth $178,871,000 after buying an additional 3,072,074 shares during the last quarter. Vanguard Group Inc. increased its position in shares of ESCO Technologies by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,260,495 shares of the scientific and technical instruments company’s stock valued at $134,839,000 after purchasing an additional 21,915 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of ESCO Technologies by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,812,736 shares of the scientific and technical instruments company’s stock valued at $105,320,000 after purchasing an additional 7,182 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of ESCO Technologies by 14.5% during the 2nd quarter. Macquarie Group Ltd. now owns 761,656 shares of the scientific and technical instruments company’s stock valued at $45,433,000 after purchasing an additional 96,182 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in shares of ESCO Technologies during the 2nd quarter valued at about $44,484,000. Institutional investors own 94.10% of the company’s stock.

ESCO Technologies Company Profile

ESCO Technologies Inc (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging.

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