Esco Technologies Inc. (ESE) Hits New 1-Year High at $45.58
Esco Technologies Inc. (NYSE:ESE)’s share price hit a new 52-week high on Tuesday . The company traded as high as $45.58 and last traded at $45.36, with a volume of 39,821 shares changing hands. The stock had previously closed at $44.89.
ESE has been the topic of a number of research reports. Zacks Investment Research downgraded Esco Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, August 4th. Canaccord Genuity reiterated a “hold” rating and issued a $40.00 target price on shares of Esco Technologies in a report on Thursday, August 4th. Finally, BB&T Corp. upped their target price on Esco Technologies from $43.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $42.67.
The stock has a market capitalization of $1.16 billion and a price-to-earnings ratio of 27.88. The company’s 50 day moving average is $43.05 and its 200 day moving average is $39.54.
Esco Technologies (NYSE:ESE) last announced its earnings results on Tuesday, August 2nd. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.43 by $0.06. The business had revenue of $140.20 million for the quarter, compared to the consensus estimate of $145.57 million. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts expect that Esco Technologies Inc. will post $2.00 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be issued a $0.08 dividend. The ex-dividend date is Thursday, September 29th. This represents a $0.32 annualized dividend and a yield of 0.71%.
In other Esco Technologies news, Director Larry W. Solley sold 4,500 shares of the 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 transaction, the director now owns 25,150 shares in the company, valued at $1,091,510. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
A hedge fund recently raised its stake in Esco Technologies stock. Dimensional Fund Advisors LP boosted its stake in Esco Technologies Inc. (NYSE:ESE) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,539,812 shares of the company’s stock after buying an additional 100,427 shares during the period. Dimensional Fund Advisors LP owned approximately 5.96% of Esco Technologies worth $55,650,000 at the end of the most recent reporting 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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