ESCO Technologies (NYSE:ESE) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of ESCO Technologies (NYSE:ESE) from a hold rating to a buy rating in a report published on Monday morning.

A number of other equities analysts also recently weighed in on the company. Benchmark reissued a “buy” rating and set a $150.00 price target on shares of ESCO Technologies in a research report on Friday, November 15th. Stephens increased their price target on ESCO Technologies from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, September 27th.

ESCO Technologies Stock Up 1.2 %

ESCO Technologies stock opened at $148.70 on Monday. 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 company’s 50-day moving average is $129.78 and its 200-day moving average is $118.35. The firm has a market capitalization of $3.83 billion, a PE ratio of 37.74 and a beta of 1.08. ESCO Technologies has a fifty-two week low of $96.69 and a fifty-two week high of $154.00.

ESCO Technologies Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. acquired a new position in ESCO Technologies during the 2nd quarter worth approximately $36,000. GAMMA Investing LLC increased its holdings in shares of ESCO Technologies by 43.0% during the third quarter. GAMMA Investing LLC now owns 469 shares of the scientific and technical instruments company’s stock worth $60,000 after buying an additional 141 shares in the last quarter. Innealta Capital LLC bought a new position in shares of ESCO Technologies in the 2nd quarter valued at $50,000. Signaturefd LLC boosted its holdings in shares of ESCO Technologies by 17.9% during the 3rd quarter. Signaturefd LLC now owns 990 shares of the scientific and technical instruments company’s stock valued at $128,000 after acquiring an additional 150 shares in the last quarter. Finally, EntryPoint Capital LLC grew its position in ESCO Technologies by 2,178.3% during the 1st quarter. EntryPoint Capital LLC now owns 1,572 shares of the scientific and technical instruments company’s stock worth $168,000 after acquiring an additional 1,503 shares during the last quarter. Institutional investors 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.