Benchmark Reiterates “Buy” Rating for ESCO Technologies (NYSE:ESE)

ESCO Technologies (NYSE:ESE)‘s stock had its “buy” rating reissued by research analysts at Benchmark in a research note issued to investors on Friday,Benzinga reports. They presently have a $150.00 price target on the scientific and technical instruments company’s stock. Benchmark’s price objective points to a potential upside of 0.66% from the company’s previous close.

Separately, Stephens increased their price objective on ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th.

ESCO Technologies Trading Up 6.4 %

ESE traded up $9.01 during trading hours on Friday, reaching $149.01. 32,080 shares of the company’s stock traded hands, compared to its average volume of 125,204. The firm has a 50-day moving average price of $126.87 and a 200 day moving average price of $116.94. The firm has a market capitalization of $3.84 billion, a PE ratio of 38.60 and a beta of 1.08. The company has a quick ratio of 1.39, a current ratio of 2.10 and a debt-to-equity ratio of 0.13. ESCO Technologies has a 52-week low of $96.69 and a 52-week high of $153.00.

Institutional Trading of ESCO Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new position in ESCO Technologies in the 2nd quarter worth approximately $36,000. GAMMA Investing LLC boosted its holdings in shares of ESCO Technologies by 43.0% in the 3rd 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. Innealta Capital LLC acquired a new stake in shares of ESCO Technologies in the second quarter worth $50,000. Signaturefd LLC raised its holdings in shares of ESCO Technologies by 17.9% during 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 last quarter. Finally, EntryPoint Capital LLC lifted its position in ESCO Technologies by 2,178.3% during the first quarter. EntryPoint Capital LLC now owns 1,572 shares of the scientific and technical instruments company’s stock valued at $168,000 after purchasing an additional 1,503 shares during the period. Institutional investors and hedge funds own 95.70% of the company’s stock.

ESCO Technologies Company Profile

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.