ESCO Technologies Inc. (NYSE:ESE) Stake Decreased by Amalgamated Bank

Amalgamated Bank trimmed its holdings in ESCO Technologies Inc. (NYSE:ESE) by 3.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,575 shares of the scientific and technical instruments company’s stock after selling 288 shares during the quarter. Amalgamated Bank’s holdings in ESCO Technologies were worth $977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in ESCO Technologies by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,372,850 shares of the scientific and technical instruments company’s stock worth $144,204,000 after purchasing an additional 16,152 shares during the period. Champlain Investment Partners LLC grew its position in ESCO Technologies by 6.1% in the 1st quarter. Champlain Investment Partners LLC now owns 1,215,101 shares of the scientific and technical instruments company’s stock valued at $130,077,000 after buying an additional 69,500 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in ESCO Technologies by 1.8% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,047,741 shares of the scientific and technical instruments company’s stock valued at $135,138,000 after buying an additional 18,676 shares during the period. Finally, Select Equity Group L.P. raised its position in shares of ESCO Technologies by 277.5% during the 2nd quarter. Select Equity Group L.P. now owns 395,460 shares of the scientific and technical instruments company’s stock worth $41,539,000 after buying an additional 290,711 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ESE has been the subject of several recent analyst reports. Benchmark reiterated a “buy” rating and issued a $150.00 price objective on shares of ESCO Technologies in a report on Tuesday, November 5th. Stephens lifted their price target on ESCO Technologies from $135.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, September 27th.

ESCO Technologies Price Performance

NYSE ESE opened at $139.62 on Friday. The stock has a market capitalization of $3.60 billion, a P/E ratio of 36.27 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 fifty day moving average is $126.87 and its two-hundred day moving average is $116.94. ESCO Technologies Inc. has a 1 year low of $96.69 and a 1 year high of $147.80.

About ESCO Technologies

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.