ESCO Technologies (NYSE:ESE) Price Target Increased to $110.00 by Analysts at Stephens

ESCO Technologies (NYSE:ESEGet Rating) had its price target lifted by Stephens from $100.00 to $110.00 in a research note issued to investors on Monday morning, Stock Target Advisor reports. They currently have an overweight rating on the scientific and technical instruments company’s stock.

Several other equities research analysts have also commented on ESE. StockNews.com started coverage on ESCO Technologies in a research note on Wednesday, October 12th. They set a hold rating on the stock. TheStreet raised ESCO Technologies from a c+ rating to a b- rating in a report on Friday, August 12th.

ESCO Technologies Stock Up 2.0 %

Shares of NYSE ESE opened at $93.14 on Monday. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 29.47 and a beta of 1.08. ESCO Technologies has a 52 week low of $60.03 and a 52 week high of $96.69. The firm has a 50-day moving average price of $81.02 and a 200 day moving average price of $75.35. The company has a quick ratio of 1.29, a current ratio of 1.80 and a debt-to-equity ratio of 0.13.

ESCO Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 20th. Shareholders of record on Thursday, January 5th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Wednesday, January 4th. ESCO Technologies’s dividend payout ratio (DPR) is presently 10.13%.

Institutional Investors Weigh In On ESCO Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. OLD National Bancorp IN raised its holdings in shares of ESCO Technologies by 11.2% in the second quarter. OLD National Bancorp IN now owns 3,485 shares of the scientific and technical instruments company’s stock worth $238,000 after acquiring an additional 351 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in ESCO Technologies by 11.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 60,058 shares of the scientific and technical instruments company’s stock valued at $4,199,000 after purchasing an additional 6,128 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in ESCO Technologies by 22.1% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 36,462 shares of the scientific and technical instruments company’s stock valued at $2,549,000 after purchasing an additional 6,596 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of ESCO Technologies by 5.0% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,278 shares of the scientific and technical instruments company’s stock worth $509,000 after purchasing an additional 346 shares during the last quarter. Finally, KBC Group NV purchased a new stake in shares of ESCO Technologies during the second quarter worth about $212,000. Hedge funds and other institutional investors own 94.98% of the company’s stock.

ESCO Technologies Company Profile

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ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through Aerospace & Defense, Utility Solutions Group, and RF Shielding and Test segments. 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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