ESCO Technologies (NYSE:ESE) Reaches New 12-Month High – Should You Buy?

by · The Markets Daily

ESCO Technologies Inc. (NYSE:ESE – Get Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $131.30 and last traded at $131.30, with a volume of 24088 shares. The stock had previously closed at $128.21.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ESE shares. Benchmark restated a “buy” rating and issued a $150.00 target price on shares of ESCO Technologies in a report on Tuesday. Stephens increased their price objective on ESCO Technologies from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, September 27th.

Get Our Latest Research Report on ESCO Technologies

ESCO Technologies Stock Up 1.9 %

The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 33.80 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 50 day moving average is $123.56 and its 200-day moving average is $115.17.

ESCO Technologies (NYSE:ESE – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.03). ESCO Technologies had a net margin of 9.95% and a return on equity of 8.82%. The business had revenue of $260.78 million during the quarter. Equities analysts anticipate that ESCO Technologies Inc. will post 4.15 EPS for the current fiscal year.

ESCO Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Wednesday, October 2nd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Wednesday, October 2nd. ESCO Technologies’s payout ratio is 8.29%.

Hedge Funds Weigh In On ESCO Technologies

Several institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. acquired a new stake in shares of ESCO Technologies in the 2nd quarter valued at $36,000. GAMMA Investing LLC increased its position in shares of ESCO Technologies by 43.0% during the 3rd quarter. GAMMA Investing LLC now owns 469 shares of the scientific and technical instruments company’s stock worth $60,000 after purchasing an additional 141 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of ESCO Technologies during the 2nd quarter worth approximately $50,000. Signaturefd LLC grew its stake in shares of ESCO Technologies by 17.9% in the third quarter. Signaturefd LLC now owns 990 shares of the scientific and technical instruments company’s stock valued at $128,000 after buying an additional 150 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in ESCO Technologies in the first quarter valued at $126,000. Institutional investors own 95.70% of the company’s stock.

ESCO Technologies Company Profile

(Get Free Report)

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.

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