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

ESCO Technologies (NYSE:ESE)‘s stock had its “buy” rating reiterated by stock analysts at Benchmark in a research report issued on Friday,Benzinga reports. They presently have a $150.00 price objective on the scientific and technical instruments company’s stock. Benchmark’s target price would suggest a potential upside of 3.95% from the company’s previous close.

Separately, Stephens boosted their price target on ESCO Technologies from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, September 27th.

ESCO Technologies Stock Performance

Shares of ESE opened at $144.30 on Friday. ESCO Technologies has a 52-week low of $96.69 and a 52-week high of $154.00. The company has a quick ratio of 1.39, a current ratio of 2.10 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 36.62 and a beta of 1.08. The business’s 50 day moving average is $127.95 and its two-hundred day moving average is $117.37.

Institutional Investors Weigh In On ESCO Technologies

Several hedge funds have recently modified their holdings of the stock. Barclays PLC lifted its holdings in shares of ESCO Technologies by 340.9% during the third quarter. Barclays PLC now owns 44,413 shares of the scientific and technical instruments company’s stock valued at $5,728,000 after purchasing an additional 34,340 shares during the last quarter. First National Bank of Omaha lifted its holdings in shares of ESCO Technologies by 25.8% during the third quarter. First National Bank of Omaha now owns 5,343 shares of the scientific and technical instruments company’s stock valued at $689,000 after purchasing an additional 1,095 shares during the last quarter. Dean Investment Associates LLC lifted its holdings in shares of ESCO Technologies by 25.1% during the third quarter. Dean Investment Associates LLC now owns 38,569 shares of the scientific and technical instruments company’s stock valued at $4,975,000 after purchasing an additional 7,727 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of ESCO Technologies by 31.9% during the third quarter. Jane Street Group LLC now owns 32,901 shares of the scientific and technical instruments company’s stock valued at $4,244,000 after purchasing an additional 7,951 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in ESCO Technologies in the 3rd quarter worth about $19,412,000. 95.70% of the stock is owned by hedge funds and other institutional investors.

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.