ESCO Technologies (NYSE:ESE) Stock Rating Upgraded by StockNews.com

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

Other analysts have also issued research reports about the company. Benchmark restated a “buy” rating and issued a $150.00 target price on shares of ESCO Technologies in a report on Friday, November 15th. Stephens increased their price objective on ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th.

ESCO Technologies Stock Up 1.4 %

ESE stock opened at $135.68 on Tuesday. 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 capitalization of $3.50 billion, a P/E ratio of 34.44 and a beta of 1.11. ESCO Technologies has a 52-week low of $96.69 and a 52-week high of $154.00. The company’s 50 day simple moving average is $138.79 and its 200-day simple moving average is $124.29.

Hedge Funds Weigh In On ESCO Technologies

Hedge funds have recently added to or reduced their stakes in the company. Cerity Partners LLC grew its position in ESCO Technologies by 55.8% in the third quarter. Cerity Partners LLC now owns 11,516 shares of the scientific and technical instruments company’s stock worth $1,485,000 after acquiring an additional 4,125 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in ESCO Technologies by 9.1% in the third quarter. Victory Capital Management Inc. now owns 70,387 shares of the scientific and technical instruments company’s stock worth $9,079,000 after purchasing an additional 5,874 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 in the last quarter. Premier Fund Managers Ltd acquired a new position in ESCO Technologies during the third quarter worth $942,000. Finally, Creative Planning raised its holdings in ESCO Technologies by 53.1% during the third quarter. Creative Planning now owns 13,043 shares of the scientific and technical instruments company’s stock valued at $1,682,000 after buying an additional 4,526 shares in the last quarter. Institutional investors and hedge funds 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.