Esco Technologies Inc. (ESE) Reaches New 1-Year High at $44.95
Shares of Esco Technologies Inc. (NYSE:ESE) reached a new 52-week high on Wednesday . The stock traded as high as $44.95 and last traded at $44.71, with a volume of 37,459 shares. The stock had previously closed at $44.75.
Several research firms recently weighed in on ESE. Zacks Investment Research cut Esco Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, August 4th. Canaccord Genuity reissued a “hold” rating and set a $40.00 price target on shares of Esco Technologies in a report on Thursday, August 4th. Finally, 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 report on Wednesday, May 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $42.67.
The company has a 50-day moving average price of $42.39 and a 200-day moving average price of $39.15. The company has a market cap of $1.15 billion and a PE ratio of 27.59.
Esco Technologies (NYSE:ESE) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The company had revenue of $140.20 million for the quarter, compared to the consensus estimate of $145.57 million. Esco Technologies’s quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts forecast that Esco Technologies Inc. will post $2.00 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, September 29th.
In other news, Director Larry W. Solley sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $43.40, for a total value of $195,300.00. Following the completion of the transaction, the director now directly owns 25,150 shares of the company’s stock, valued at $1,091,510. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Several institutional investors have added to or reduced their stakes in ESE. Nationwide Fund Advisors raised its position in Esco Technologies by 0.8% in the fourth quarter. Nationwide Fund Advisors now owns 31,047 shares of the company’s stock valued at $1,122,000 after buying an additional 236 shares in the last quarter. Rhumbline Advisers raised its position in Esco Technologies by 2.8% in the fourth quarter. Rhumbline Advisers now owns 44,724 shares of the company’s stock valued at $1,616,000 after buying an additional 1,220 shares in the last quarter. Russell Frank Co raised its position in 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 in the last quarter. Wells Fargo & Company MN raised its position in 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised 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 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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