ESCO Technologies Inc. (NYSE:ESE - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $187.73 and last traded at $185.55, with a volume of 38119 shares. The stock had previously closed at $184.09.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Wall Street Zen lowered shares of ESCO Technologies from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Stephens reissued an "overweight" rating and set a $175.00 price objective on shares of ESCO Technologies in a report on Thursday, February 27th. Finally, Benchmark boosted their price objective on shares of ESCO Technologies from $190.00 to $200.00 and gave the company a "buy" rating in a report on Friday, May 9th.
View Our Latest Analysis on ESE
ESCO Technologies Stock Up 0.1%
The stock has a market capitalization of $4.82 billion, a PE ratio of 43.81 and a beta of 1.21. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.35. The business's fifty day moving average price is $168.17 and its two-hundred day moving average price is $154.25.
ESCO Technologies (NYSE:ESE - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The scientific and technical instruments company reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.10. The firm had revenue of $265.52 million for the quarter, compared to analyst estimates of $264.96 million. ESCO Technologies had a net margin of 10.44% and a return on equity of 9.91%. The business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 earnings per share. On average, equities research analysts forecast that ESCO Technologies Inc. will post 5.65 EPS for the current fiscal year.
ESCO Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, July 2nd will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.17%. ESCO Technologies's dividend payout ratio is presently 7.02%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Apeiron RIA LLC acquired a new position in ESCO Technologies during the first quarter valued at $217,000. Strs Ohio acquired a new position in ESCO Technologies during the first quarter valued at $1,225,000. Intech Investment Management LLC lifted its position in ESCO Technologies by 8.1% during the first quarter. Intech Investment Management LLC now owns 20,352 shares of the scientific and technical instruments company's stock valued at $3,238,000 after purchasing an additional 1,528 shares during the period. Jane Street Group LLC lifted its position in ESCO Technologies by 544.5% during the first quarter. Jane Street Group LLC now owns 47,621 shares of the scientific and technical instruments company's stock valued at $7,577,000 after purchasing an additional 40,232 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in ESCO Technologies by 19.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,500 shares of the scientific and technical instruments company's stock valued at $13,127,000 after purchasing an additional 13,648 shares during the period. 95.70% of the stock is currently owned by institutional investors and hedge funds.
About ESCO Technologies
(
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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