ESCO Technologies (NYSE:ESE) Raised to Buy at StockNews.com

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

Several other equities research analysts also recently commented on ESE. Benchmark restated a “buy” rating and issued a $150.00 target price on shares of ESCO Technologies in a research note on Friday, November 15th. Stephens boosted their price target 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 Price Performance

Shares of ESCO Technologies stock traded down $2.42 during midday trading on Friday, hitting $139.97. 105,951 shares of the company were exchanged, compared to its average volume of 124,336. The firm has a 50 day simple moving average of $136.79 and a 200-day simple moving average of $122.51. 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 cap of $3.61 billion, a P/E ratio of 35.53 and a beta of 1.11. ESCO Technologies has a 52 week low of $96.69 and a 52 week high of $154.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ESE. First Horizon Advisors Inc. bought a new stake in shares of ESCO Technologies during the second quarter valued at approximately $36,000. Innealta Capital LLC acquired a new position in shares of ESCO Technologies during the second quarter valued at $50,000. GAMMA Investing LLC boosted its holdings in ESCO Technologies by 43.0% in the third quarter. GAMMA Investing LLC now owns 469 shares of the scientific and technical instruments company’s stock valued at $60,000 after acquiring an additional 141 shares during the last quarter. Signaturefd LLC increased its position in ESCO Technologies by 17.9% in 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 during the period. Finally, Intech Investment Management LLC bought a new stake in ESCO Technologies during the 2nd quarter worth about $205,000. Institutional investors and hedge funds 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.