ESCO Technologies Inc. (ESE) Stock Rating Upgraded by Needham & Company LLC

ESCO Technologies Inc. (NYSE:ESE) was upgraded by research analysts at Needham & Company LLC from a “hold” rating to a “buy” rating in a report released on Tuesday.

ESE has been the subject of several other research reports. Zacks Investment Research cut ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. BidaskClub cut ESCO Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, B. Riley set a $71.00 price objective on ESCO Technologies and gave the stock a “buy” rating in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. ESCO Technologies has an average rating of “Buy” and an average target price of $68.00.

ESCO Technologies (ESE) opened at $62.35 on Tuesday. The stock has a market capitalization of $1,540.00, a price-to-earnings ratio of 27.83 and a beta of 1.01. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.01 and a quick ratio of 1.38. ESCO Technologies has a 52-week low of $50.30 and a 52-week high of $63.80.

ESCO Technologies (NYSE:ESE) last released its quarterly earnings data on Tuesday, November 14th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The firm had revenue of $207.01 million during the quarter, compared to analysts’ expectations of $211.02 million. ESCO Technologies had a return on equity of 8.64% and a net margin of 7.83%. ESCO Technologies’s revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 earnings per share. equities analysts expect that ESCO Technologies will post 2.34 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of the stock. Amalgamated Bank boosted its stake in shares of ESCO Technologies by 1.1% during the second quarter. Amalgamated Bank now owns 3,485 shares of the scientific and technical instruments company’s stock valued at $208,000 after acquiring an additional 39 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of ESCO Technologies by 2.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,158 shares of the scientific and technical instruments company’s stock valued at $129,000 after buying an additional 42 shares during the period. Pinebridge Investments L.P. raised its holdings in shares of ESCO Technologies by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,403 shares of the scientific and technical instruments company’s stock valued at $203,000 after buying an additional 47 shares during the period. Arizona State Retirement System raised its holdings in shares of ESCO Technologies by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 13,453 shares of the scientific and technical instruments company’s stock valued at $802,000 after buying an additional 100 shares during the period. Finally, Texas Permanent School Fund raised its holdings in shares of ESCO Technologies by 1.3% during the 2nd quarter. Texas Permanent School Fund now owns 18,859 shares of the scientific and technical instruments company’s stock valued at $1,125,000 after buying an additional 235 shares during the period. 93.38% of the stock is currently owned by institutional investors and hedge funds.

ESCO Technologies Company Profile

ESCO Technologies Inc (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging.

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