Esco Technologies Inc. (NYSE:ESE) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $42.85 and last traded at $42.54, with a volume of 11,001 shares changing hands. The stock had previously closed at $42.46.

A number of brokerages have commented on ESE. Zacks Investment Research lowered Esco Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th. Canaccord Genuity reaffirmed a “hold” rating on shares of Esco Technologies in a report on Wednesday, May 4th. Finally, BB&T Corp. upped their price objective on Esco Technologies from $43.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, May 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $41.67.

The stock has a 50 day moving average of $41.08 and a 200-day moving average of $38.09. The company has a market cap of $1.09 billion and a P/E ratio of 26.15.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 19th. Investors of record on Tuesday, July 5th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.75%.

A number of hedge funds have modified their holdings of ESE. Dimensional Fund Advisors LP raised its stake in shares of Esco Technologies by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,539,812 shares of the company’s stock worth $55,650,000 after buying an additional 100,427 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 worth $6,142,000 after buying an additional 5,723 shares during the period. 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 worth $20,739,000 after buying an additional 106,544 shares during the period. Rhumbline Advisers raised its stake in shares of Esco Technologies by 2.8% in the fourth quarter. Rhumbline Advisers now owns 44,724 shares of the company’s stock worth $1,616,000 after buying an additional 1,220 shares during the period. Finally, California State Teachers Retirement System raised its stake in shares of Esco Technologies by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 48,321 shares of the company’s stock worth $1,746,000 after buying an additional 771 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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.