Shares of ESCO Technologies Inc. (NYSE:ESE) have been given a consensus recommendation of “Buy” by the seven analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $69.00.
A number of research analysts have recently issued reports on the company. B. Riley set a $71.00 target price on ESCO Technologies and gave the company a “buy” rating in a research report on Thursday, February 8th. Stephens set a $65.00 target price on ESCO Technologies and gave the company an “equal weight” rating in a research report on Wednesday, December 6th. Zacks Investment Research lowered ESCO Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Finally, Needham & Company LLC upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st.
In related news, Director Larry W. Solley sold 4,288 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $61.90, for a total value of $265,427.20. Following the completion of the transaction, the director now directly owns 24,750 shares of the company’s stock, valued at approximately $1,532,025. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Alyson S. Barclay sold 5,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $62.00, for a total value of $310,000.00. Following the completion of the transaction, the senior vice president now directly owns 101,658 shares of the company’s stock, valued at $6,302,796. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC acquired a new stake in shares of ESCO Technologies in the 4th quarter worth $653,000. Millennium Management LLC acquired a new stake in shares of ESCO Technologies in the 4th quarter worth $490,000. GHP Investment Advisors Inc. increased its stake in shares of ESCO Technologies by 6.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 48,563 shares of the scientific and technical instruments company’s stock worth $2,926,000 after acquiring an additional 2,853 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of ESCO Technologies by 2.8% in the 4th quarter. Teachers Advisors LLC now owns 47,220 shares of the scientific and technical instruments company’s stock worth $2,845,000 after acquiring an additional 1,267 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of ESCO Technologies by 46.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 76,525 shares of the scientific and technical instruments company’s stock worth $4,611,000 after acquiring an additional 24,437 shares during the last quarter. 95.50% of the stock is owned by institutional investors and hedge funds.
Shares of ESCO Technologies stock traded up $0.30 during trading hours on Tuesday, hitting $61.60. The stock had a trading volume of 220,184 shares, compared to its average volume of 79,289. ESCO Technologies has a 52-week low of $50.30 and a 52-week high of $66.80. The stock has a market cap of $1,592.05, a price-to-earnings ratio of 29.90 and a beta of 0.97. The company has a quick ratio of 1.36, a current ratio of 2.10 and a debt-to-equity ratio of 0.34.
ESCO Technologies (NYSE:ESE) last announced its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. ESCO Technologies had a return on equity of 8.20% and a net margin of 10.89%. The firm had revenue of $173.50 million for the quarter, compared to analyst estimates of $168.53 million. During the same quarter last year, the firm posted $0.47 EPS. The business’s revenue was up 18.5% on a year-over-year basis. analysts forecast that ESCO Technologies will post 2.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Tuesday, April 3rd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Monday, April 2nd. ESCO Technologies’s dividend payout ratio is currently 10.70%.
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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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