ESCO Technologies Inc. (NYSE:ESE) has been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $69.00.
A number of analysts have commented on ESE shares. B. Riley set a $71.00 price target on shares of ESCO Technologies and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Stephens set a $65.00 price target on shares of ESCO Technologies and gave the stock an “equal weight” rating in a research report on Wednesday, December 6th. Needham & Company LLC upgraded shares of ESCO Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. Finally, Zacks Investment Research downgraded shares of ESCO Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd.
Shares of ESCO Technologies (ESE) opened at $62.35 on Tuesday. ESCO Technologies has a 52-week low of $50.30 and a 52-week high of $66.80. The company has a market cap of $1,610.00, a PE ratio of 30.87 and a beta of 0.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.36 and a current ratio of 2.10.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Tuesday, April 3rd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, April 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.51%. ESCO Technologies’s payout ratio is currently 15.84%.
In related news, SVP Alyson S. Barclay sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $62.00, for a total value of $310,000.00. Following the sale, the senior vice president now directly owns 101,658 shares in the company, valued at approximately $6,302,796. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Larry W. Solley sold 4,288 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $61.90, for a total transaction of $265,427.20. Following the completion of the sale, the director now owns 24,750 shares in the company, valued at $1,532,025. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC bought a new stake in shares of ESCO Technologies in the 4th quarter worth approximately $653,000. Millennium Management LLC purchased a new position in shares of ESCO Technologies in the fourth quarter worth approximately $490,000. GHP Investment Advisors Inc. increased its position in shares of ESCO Technologies by 6.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 48,563 shares of the scientific and technical instruments company’s stock worth $2,926,000 after acquiring an additional 2,853 shares in the last quarter. Teachers Advisors LLC increased its position in shares of ESCO Technologies by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 47,220 shares of the scientific and technical instruments company’s stock worth $2,845,000 after acquiring an additional 1,267 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of ESCO Technologies by 46.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 76,525 shares of the scientific and technical instruments company’s stock worth $4,611,000 after acquiring an additional 24,437 shares in the last quarter. Institutional investors and hedge funds own 95.50% 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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