Shares of ESCO Technologies Inc. (NYSE:ESE) have received an average rating of “Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $68.00.

A number of brokerages have commented on ESE. B. Riley reissued a “buy” rating on shares of ESCO Technologies in a report on Wednesday, November 1st. Needham & Company LLC raised ESCO Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. Finally, Zacks Investment Research raised ESCO Technologies from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Tuesday, October 3rd.

Large investors have recently bought and sold shares of the stock. Crawford Investment Counsel Inc. increased its holdings in shares of ESCO Technologies by 4.0% in the second quarter. Crawford Investment Counsel Inc. now owns 143,336 shares of the scientific and technical instruments company’s stock valued at $8,550,000 after purchasing an additional 5,447 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of ESCO Technologies in the second quarter valued at approximately $2,897,000. Vanguard Group Inc. increased its holdings in shares of ESCO Technologies by 1.0% in the second 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. Bank of New York Mellon Corp increased its holdings in shares of ESCO Technologies by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 452,999 shares of the scientific and technical instruments company’s stock valued at $27,022,000 after purchasing an additional 11,580 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of ESCO Technologies by 5.4% in the second quarter. State Street Corp now owns 662,183 shares of the scientific and technical instruments company’s stock valued at $39,505,000 after purchasing an additional 33,945 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

ESCO Technologies (NYSE ESE) opened at $64.80 on Friday. ESCO Technologies has a fifty-two week low of $50.30 and a fifty-two week high of $65.95. The company has a market capitalization of $1,688.38, a P/E ratio of 30.54 and a beta of 1.04. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.38.

ESCO Technologies (NYSE:ESE) last announced its earnings results on Tuesday, November 14th. The scientific and technical instruments company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. ESCO Technologies had a return on equity of 8.64% and a net margin of 7.83%. The business had revenue of $207.01 million during the quarter, compared to analysts’ expectations of $211.02 million. During the same quarter in the prior year, the firm earned $0.67 earnings per share. The business’s revenue was up 29.8% compared to the same quarter last year. equities research analysts expect that ESCO Technologies will post 2.34 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Thursday, January 4th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, January 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.49%. ESCO Technologies’s dividend payout ratio is presently 15.46%.

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About ESCO Technologies

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.

Analyst Recommendations for ESCO Technologies (NYSE:ESE)

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