ESCO Technologies’ (ESE) “Buy” Rating Reaffirmed at Benchmark

Benchmark reaffirmed their buy rating on shares of ESCO Technologies (NYSE:ESE) in a research report report published on Friday,Benzinga reports. Benchmark currently has a $150.00 price target on the scientific and technical instruments company’s stock.

Separately, 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.

ESCO Technologies Stock Up 0.9 %

ESCO Technologies stock opened at $145.55 on Friday. ESCO Technologies has a fifty-two week low of $96.69 and a fifty-two week high of $154.00. The company has a market cap of $3.75 billion, a PE ratio of 36.94 and a beta of 1.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.39 and a current ratio of 2.10. The business’s 50-day simple moving average is $127.95 and its two-hundred day simple moving average is $117.59.

ESCO Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.22%. The ex-dividend date is Thursday, January 2nd. ESCO Technologies’s dividend payout ratio is currently 8.12%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. acquired a new position in shares of ESCO Technologies in the second quarter worth about $36,000. GAMMA Investing LLC increased its stake in shares of ESCO Technologies by 43.0% in the 3rd quarter. GAMMA Investing LLC now owns 469 shares of the scientific and technical instruments company’s stock valued at $60,000 after purchasing an additional 141 shares in the last quarter. Innealta Capital LLC acquired a new position in ESCO Technologies in the 2nd quarter worth about $50,000. Signaturefd LLC boosted its position in ESCO Technologies by 17.9% during the third quarter. Signaturefd LLC now owns 990 shares of the scientific and technical instruments company’s stock worth $128,000 after purchasing an additional 150 shares in the last quarter. Finally, EntryPoint Capital LLC grew its holdings in ESCO Technologies by 2,178.3% in the first quarter. EntryPoint Capital LLC now owns 1,572 shares of the scientific and technical instruments company’s stock valued at $168,000 after purchasing an additional 1,503 shares during the period. 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.