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

ESCO Technologies (NYSE:ESE) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other brokerages also recently weighed in on ESE. Benchmark reissued a “buy” rating and issued a $150.00 price target on shares of ESCO Technologies in a report on Friday, November 15th. Stephens upped their price objective on shares of 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 Stock Down 1.6 %

Shares of ESE stock opened at $140.07 on Friday. The stock has a 50 day moving average of $137.09 and a 200-day moving average of $122.82. The firm has a market cap of $3.61 billion, a PE ratio of 35.55 and a beta of 1.11. The company has a quick ratio of 1.31, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. ESCO Technologies has a 12 month low of $96.69 and a 12 month high of $154.00.

Institutional Trading of ESCO Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Select Equity Group L.P. boosted its holdings in ESCO Technologies by 277.5% during the second quarter. Select Equity Group L.P. now owns 395,460 shares of the scientific and technical instruments company’s stock valued at $41,539,000 after purchasing an additional 290,711 shares in the last quarter. Wellington Management Group LLP bought a new stake in ESCO Technologies in the third quarter valued at $19,412,000. Federated Hermes Inc. acquired a new position in ESCO Technologies during the second quarter worth $15,632,000. F M Investments LLC acquired a new stake in shares of ESCO Technologies in the 2nd quarter valued at $9,455,000. Finally, State Street Corp grew its holdings in shares of ESCO Technologies by 4.9% in the 3rd quarter. State Street Corp now owns 1,054,039 shares of the scientific and technical instruments company’s stock worth $135,950,000 after purchasing an additional 49,577 shares during the last quarter. Institutional investors own 95.70% of the company’s stock.

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.