ESCO Technologies (NYSE:ESE) Downgraded to Hold Rating by StockNews.com

ESCO Technologies (NYSE:ESE) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other brokerages have also recently commented on ESE. Stephens increased their price objective on shares of ESCO Technologies from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Benchmark reiterated a “buy” rating and issued a $150.00 price target on shares of ESCO Technologies in a research report on Friday, November 15th.

ESCO Technologies Stock Up 1.8 %

ESE opened at $151.69 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.31 and a current ratio of 1.91. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 38.50 and a beta of 1.08. ESCO Technologies has a one year low of $96.69 and a one year high of $154.00. The business’s fifty day moving average is $130.97 and its two-hundred day moving average is $118.98.

Institutional Investors Weigh In On ESCO Technologies

Several hedge funds have recently modified their holdings of ESE. Vanguard Group Inc. lifted its stake in shares of ESCO Technologies by 0.5% during the first quarter. Vanguard Group Inc. now owns 2,895,420 shares of the scientific and technical instruments company’s stock valued at $309,955,000 after buying an additional 15,801 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of ESCO Technologies by 60.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 33,576 shares of the scientific and technical instruments company’s stock worth $3,592,000 after purchasing an additional 12,632 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of ESCO Technologies by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,352 shares of the scientific and technical instruments company’s stock worth $2,179,000 after purchasing an additional 930 shares during the last quarter. Kennedy Capital Management LLC grew its position in shares of ESCO Technologies by 6.0% in the first quarter. Kennedy Capital Management LLC now owns 20,177 shares of the scientific and technical instruments company’s stock valued at $2,160,000 after purchasing an additional 1,143 shares during the period. Finally, Moody National Bank Trust Division increased its stake in ESCO Technologies by 4.4% in the second quarter. Moody National Bank Trust Division now owns 2,827 shares of the scientific and technical instruments company’s stock valued at $297,000 after purchasing an additional 120 shares during the last quarter. 95.70% of the stock is owned by institutional investors and hedge funds.

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.