ESCO Technologies (NYSE:ESE) Upgraded at StockNews.com

ESCO Technologies (NYSE:ESE) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Several other research firms also recently commented on ESE. Benchmark reissued a “buy” rating and issued 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 research report on Friday, September 27th.

ESCO Technologies Stock Performance

Shares of ESE stock opened at $146.29 on Monday. ESCO Technologies has a fifty-two week low of $96.69 and a fifty-two week high of $154.00. The stock’s 50-day moving average is $128.56 and its two-hundred day moving average is $117.87. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.31. The firm has a market cap of $3.77 billion, a P/E ratio of 37.12 and a beta of 1.08.

Institutional Trading of ESCO Technologies

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its position in shares of ESCO Technologies by 340.9% during the third quarter. Barclays PLC now owns 44,413 shares of the scientific and technical instruments company’s stock valued at $5,728,000 after buying an additional 34,340 shares during the last quarter. First National Bank of Omaha raised its holdings in ESCO Technologies by 25.8% in the 3rd quarter. First National Bank of Omaha now owns 5,343 shares of the scientific and technical instruments company’s stock valued at $689,000 after acquiring an additional 1,095 shares in the last quarter. Dean Investment Associates LLC lifted its position in shares of ESCO Technologies by 25.1% in the 3rd quarter. Dean Investment Associates LLC now owns 38,569 shares of the scientific and technical instruments company’s stock worth $4,975,000 after acquiring an additional 7,727 shares during the period. Jane Street Group LLC grew its holdings in shares of ESCO Technologies by 31.9% during the 3rd quarter. Jane Street Group LLC now owns 32,901 shares of the scientific and technical instruments company’s stock worth $4,244,000 after purchasing an additional 7,951 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of ESCO Technologies during the third quarter valued at approximately $19,412,000. Institutional investors own 95.70% of the company’s stock.

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.