ESCO Technologies (ESE) Downgraded by ValuEngine

ESCO Technologies (NYSE:ESE) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

ESE has been the subject of a number of other research reports. Stephens set a $67.00 price target on ESCO Technologies and gave the stock a “hold” rating in a research report on Sunday, August 19th. Zacks Investment Research raised ESCO Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Finally, B. Riley set a $80.00 price target on ESCO Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $73.67.

Shares of NYSE:ESE traded up $1.84 on Thursday, reaching $63.06. The company had a trading volume of 69,100 shares, compared to its average volume of 86,674. ESCO Technologies has a twelve month low of $51.55 and a twelve month high of $70.20. The stock has a market capitalization of $1.60 billion, a P/E ratio of 26.53 and a beta of 0.97. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.05 and a quick ratio of 1.32.

ESCO Technologies (NYSE:ESE) last announced its quarterly earnings results on Tuesday, August 7th. The scientific and technical instruments company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. ESCO Technologies had a return on equity of 8.76% and a net margin of 11.09%. The company had revenue of $192.22 million during the quarter, compared to analysts’ expectations of $205.99 million. As a group, research analysts expect that ESCO Technologies will post 2.68 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its stake in shares of ESCO Technologies by 7.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 189,219 shares of the scientific and technical instruments company’s stock worth $10,918,000 after purchasing an additional 12,669 shares during the period. BlackRock Inc. increased its stake in shares of ESCO Technologies by 6.9% in the second quarter. BlackRock Inc. now owns 3,645,441 shares of the scientific and technical instruments company’s stock worth $210,342,000 after purchasing an additional 234,224 shares during the period. MetLife Investment Advisors LLC increased its stake in shares of ESCO Technologies by 17.7% in the second quarter. MetLife Investment Advisors LLC now owns 12,761 shares of the scientific and technical instruments company’s stock worth $736,000 after purchasing an additional 1,915 shares during the period. SG Americas Securities LLC increased its stake in shares of ESCO Technologies by 25.3% in the second quarter. SG Americas Securities LLC now owns 28,202 shares of the scientific and technical instruments company’s stock worth $1,627,000 after purchasing an additional 5,702 shares during the period. Finally, GHP Investment Advisors Inc. increased its stake in shares of ESCO Technologies by 5.1% in the second quarter. GHP Investment Advisors Inc. now owns 56,759 shares of the scientific and technical instruments company’s stock worth $3,275,000 after purchasing an additional 2,765 shares during the period. Institutional investors and hedge funds own 94.93% of the company’s stock.

About ESCO Technologies

ESCO Technologies Inc, through its subsidiaries, produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial applications worldwide. The company's Filtration segment supplies filtration and fluid control products, including filter elements, manifolds, assemblies, modules, indicators, custom and standard valves, filters, regulators, actuators, and other related components; and elastomeric-based signature reduction solutions.

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