State of New Jersey Common Pension Fund D Sells 609 Shares of ESCO Technologies Inc. (NYSE:ESE)

State of New Jersey Common Pension Fund D trimmed its position in ESCO Technologies Inc. (NYSE:ESE) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,621 shares of the scientific and technical instruments company’s stock after selling 609 shares during the period. State of New Jersey Common Pension Fund D’s holdings in ESCO Technologies were worth $2,144,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. ProShare Advisors LLC raised its position in shares of ESCO Technologies by 7.4% in the first quarter. ProShare Advisors LLC now owns 5,168 shares of the scientific and technical instruments company’s stock worth $553,000 after buying an additional 354 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of ESCO Technologies by 56.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,440 shares of the scientific and technical instruments company’s stock valued at $1,225,000 after acquiring an additional 4,130 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of ESCO Technologies by 2.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,918 shares of the scientific and technical instruments company’s stock worth $1,383,000 after purchasing an additional 287 shares in the last quarter. Vanguard Group Inc. increased its position in shares of ESCO Technologies by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,895,420 shares of the scientific and technical instruments company’s stock worth $309,955,000 after purchasing an additional 15,801 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its position in ESCO Technologies by 272.7% during the first quarter. Edgestream Partners L.P. now owns 19,794 shares of the scientific and technical instruments company’s stock valued at $2,119,000 after purchasing an additional 14,483 shares during the last quarter. 95.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Stephens increased their price target 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. Benchmark restated a “buy” rating and set a $150.00 price target on shares of ESCO Technologies in a research report on Tuesday, November 5th.

ESCO Technologies Trading Down 2.6 %

ESE stock opened at $139.62 on Friday. The company has a market capitalization of $3.60 billion, a PE ratio of 36.17 and a beta of 1.08. The company’s 50 day moving average price is $126.87 and its two-hundred day moving average price is $116.94. ESCO Technologies Inc. has a one year low of $96.69 and a one year high of $147.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.39 and a current ratio of 2.10.

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.