Stephens Increases ESCO Technologies (NYSE:ESE) Price Target to $110.00

ESCO Technologies (NYSE:ESEGet Rating) had its price objective raised by Stephens from $100.00 to $110.00 in a research report released on Monday morning, Marketbeat reports. The firm currently has an overweight rating on the scientific and technical instruments company’s stock.

A number of other equities research analysts have also recently weighed in on ESE. StockNews.com initiated coverage on shares of ESCO Technologies in a report on Wednesday, October 12th. They issued a hold rating on the stock. TheStreet upgraded shares of ESCO Technologies from a c+ rating to a b- rating in a report on Friday, August 12th.

ESCO Technologies Price Performance

Shares of ESE opened at $94.61 on Monday. The stock has a market cap of $2.45 billion, a PE ratio of 29.94 and a beta of 1.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.29 and a current ratio of 1.80. ESCO Technologies has a fifty-two week low of $60.03 and a fifty-two week high of $96.69. The firm’s 50-day simple moving average is $81.94 and its two-hundred day simple moving average is $75.85.

ESCO Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 20th. Stockholders of record on Thursday, January 5th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Wednesday, January 4th. ESCO Technologies’s payout ratio is 10.13%.

Institutional Investors Weigh In On ESCO Technologies

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of ESCO Technologies by 1.7% during the third quarter. Vanguard Group Inc. now owns 2,854,595 shares of the scientific and technical instruments company’s stock valued at $209,641,000 after buying an additional 47,047 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of ESCO Technologies by 3.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,747,370 shares of the scientific and technical instruments company’s stock valued at $187,838,000 after buying an additional 91,085 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of ESCO Technologies by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,343,532 shares of the scientific and technical instruments company’s stock valued at $93,942,000 after buying an additional 21,496 shares during the last quarter. State Street Corp grew its holdings in shares of ESCO Technologies by 0.8% during the third quarter. State Street Corp now owns 996,526 shares of the scientific and technical instruments company’s stock valued at $73,185,000 after buying an additional 8,246 shares during the last quarter. Finally, Geneva Capital Management LLC grew its holdings in shares of ESCO Technologies by 4.3% during the third quarter. Geneva Capital Management LLC now owns 858,698 shares of the scientific and technical instruments company’s stock valued at $63,063,000 after buying an additional 35,391 shares during the last quarter. Hedge funds and other institutional investors own 94.98% of the company’s stock.

About ESCO Technologies

(Get Rating)

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through Aerospace & Defense, Utility Solutions Group, and RF Shielding and Test segments. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines.

Further Reading

Receive News & Ratings for ESCO Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ESCO Technologies and related companies with MarketBeat.com's FREE daily email newsletter.