ESCO Technologies (NYSE:ESE) Raised to Buy at StockNews.com

ESCO Technologies (NYSE:ESEGet Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Several other equities analysts also recently weighed in on ESE. Benchmark reiterated a “buy” rating and set a $150.00 target price on shares of ESCO Technologies in a research report on Friday, November 15th. Stephens increased their target price on shares of ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, September 27th.

View Our Latest Report on ESCO Technologies

ESCO Technologies Price Performance

NYSE ESE opened at $136.34 on Monday. The company has a 50-day moving average price of $139.38 and a 200-day moving average price of $128.07. The company has a quick ratio of 1.31, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $3.52 billion, a P/E ratio of 34.60 and a beta of 1.13. ESCO Technologies has a 52 week low of $96.69 and a 52 week high of $154.00.

Institutional Trading of ESCO Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. raised its position in shares of ESCO Technologies by 20.9% during the third quarter. First Horizon Advisors Inc. now owns 411 shares of the scientific and technical instruments company’s stock valued at $53,000 after buying an additional 71 shares during the last quarter. GAMMA Investing LLC increased its holdings in ESCO Technologies by 21.7% in the 4th quarter. GAMMA Investing LLC now owns 571 shares of the scientific and technical instruments company’s stock valued at $76,000 after acquiring an additional 102 shares during the last quarter. HighTower Advisors LLC lifted its stake in ESCO Technologies by 5.3% in the 3rd quarter. HighTower Advisors LLC now owns 2,477 shares of the scientific and technical instruments company’s stock worth $320,000 after purchasing an additional 124 shares in the last quarter. Heritage Family Offices LLP boosted its holdings in shares of ESCO Technologies by 6.9% during the 4th quarter. Heritage Family Offices LLP now owns 1,958 shares of the scientific and technical instruments company’s stock valued at $261,000 after purchasing an additional 126 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of ESCO Technologies by 17.9% during the third quarter. Signaturefd LLC now owns 990 shares of the scientific and technical instruments company’s stock valued at $128,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 95.70% of the company’s stock.

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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