Esco Technologies Inc. (NYSE:ESE) reached a new 52-week high during trading on Monday . The company traded as high as $41.74 and last traded at $41.62, with a volume of 33,068 shares changing hands. The stock had previously closed at $41.17.

ESE has been the subject of several research reports. Zacks Investment Research downgraded Esco Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. BB&T Corp. lifted their price target on Esco Technologies from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, May 4th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Esco Technologies in a research note on Wednesday, May 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $41.67.

The company has a 50 day moving average price of $40.36 and a 200-day moving average price of $37.52. The company has a market capitalization of $1.09 billion and a PE ratio of 25.99.

Esco Technologies (NYSE:ESE) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The business earned $138.90 million during the quarter, compared to the consensus estimate of $137.25 million. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. On average, equities analysts expect that Esco Technologies Inc. will post $2.00 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 19th. Stockholders of record on Tuesday, July 5th will be paid a $0.08 dividend. The ex-dividend date is Thursday, June 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.76%.

Several hedge funds and institutional investors have added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Esco Technologies by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,539,812 shares of the company’s stock valued at $55,650,000 after buying an additional 100,427 shares during the last quarter. Brown Advisory Inc. boosted its position in Esco Technologies by 8.6% in the fourth quarter. Brown Advisory Inc. now owns 626,396 shares of the company’s stock valued at $22,639,000 after buying an additional 49,695 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Esco Technologies by 22.8% in the fourth quarter. Wells Fargo & Company MN now owns 573,867 shares of the company’s stock valued at $20,739,000 after buying an additional 106,544 shares during the period. Principal Financial Group Inc. raised its stake in shares of Esco Technologies by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 169,946 shares of the company’s stock valued at $6,142,000 after buying an additional 5,723 shares during the period. Finally, Russell Frank Co raised its stake in shares of Esco Technologies by 40.1% in the fourth quarter. Russell Frank Co now owns 85,712 shares of the company’s stock valued at $3,162,000 after buying an additional 24,546 shares during the period.

ESCO Technologies Inc is engaged in the production of engineered products and systems. The Company’s products are sold around the world for utility, industrial, aerospace and commercial applications. It conducts its business in three segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test) and Utility Solutions Group (USG).

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