Esco Technologies Inc. (ESE) Reaches New 52-Week High at $44.16
Esco Technologies Inc. (NYSE:ESE)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $44.16 and last traded at $44.10, with a volume of 49,279 shares. The stock had previously closed at $43.42.
ESE has been the topic of several research reports. BB&T Corp. increased their target price on Esco Technologies from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, May 4th. Zacks Investment Research raised Esco Technologies from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Friday, May 6th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Esco Technologies in a research note on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $42.67.
The firm has a 50 day moving average of $41.89 and a 200 day moving average of $38.87. The company has a market cap of $1.15 billion and a P/E ratio of 27.27.
Esco Technologies (NYSE:ESE) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.06. The company had revenue of $140.20 million for the quarter, compared to analysts’ expectations of $145.57 million. Esco Technologies’s revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts expect that Esco Technologies Inc. will post $2.00 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, September 29th.
In other Esco Technologies news, Director Larry W. Solley sold 4,500 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $43.40, for a total transaction of $195,300.00. Following the completion of the transaction, the director now owns 25,150 shares of the company’s stock, valued at $1,091,510. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Other institutional investors recently added to or reduced their stakes in the company. Nationwide Fund Advisors increased its stake in shares of Esco Technologies by 0.8% in the fourth quarter. Nationwide Fund Advisors now owns 31,047 shares of the company’s stock worth $1,122,000 after buying an additional 236 shares in the last quarter. Rhumbline Advisers increased 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 in the last quarter. California State Teachers Retirement System increased 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 in the last quarter. Russell Frank Co increased 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 worth $3,162,000 after buying an additional 24,546 shares in the last quarter. Finally, Principal Financial Group Inc. increased 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 in the last quarter.
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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