Esco Technologies Inc. (ESE) Hits New 52-Week High at $45.58
Esco Technologies Inc. (NYSE:ESE) shares hit a new 52-week high on Tuesday . The stock traded as high as $45.58 and last traded at $45.36, with a volume of 39,821 shares trading hands. The stock had previously closed at $44.89.
Several research analysts recently weighed in on ESE shares. Zacks Investment Research cut Esco Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 4th. Canaccord Genuity reaffirmed a “hold” rating and set a $40.00 target price on shares of Esco Technologies in a research note on Thursday, August 4th. Finally, BB&T Corp. raised their target price on Esco Technologies from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $42.67.
The company’s 50 day moving average is $42.84 and its 200 day moving average is $39.42. The company has a market capitalization of $1.17 billion and a price-to-earnings ratio of 27.96.
Esco Technologies (NYSE:ESE) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.06. The business earned $140.20 million during the quarter, compared to the consensus estimate of $145.57 million. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts anticipate that Esco Technologies Inc. will post $2.00 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be given 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 Esco Technologies stock in a transaction 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 owns 25,150 shares in the company, valued at approximately $1,091,510. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
A hedge fund recently raised its stake in Esco Technologies stock. Wells Fargo & Company MN raised its stake in shares of Esco Technologies Inc. (NYSE:ESE) by 22.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 573,867 shares of the company’s stock after buying an additional 106,544 shares during the period. Wells Fargo & Company MN owned about 2.22% of Esco Technologies worth $20,739,000 as of its most recent filing with the SEC.
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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