ESCO Technologies (NYSE:ESE – Get Free Report) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.
Separately, Sidoti downgraded ESCO Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, January 5th.
ESCO Technologies Stock Performance
NYSE:ESE opened at $104.66 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.26 and a current ratio of 1.85. ESCO Technologies has a fifty-two week low of $85.50 and a fifty-two week high of $118.60. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 29.23 and a beta of 1.12. The stock has a fifty day moving average price of $107.73 and a 200-day moving average price of $104.24.
ESCO Technologies (NYSE:ESE – Get Free Report) last announced its quarterly earnings data on Thursday, November 16th. The scientific and technical instruments company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The firm had revenue of $272.65 million for the quarter, compared to the consensus estimate of $267.32 million. ESCO Technologies had a net margin of 9.68% and a return on equity of 8.72%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 earnings per share. As a group, equities analysts anticipate that ESCO Technologies will post 4.66 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Norges Bank acquired a new position in ESCO Technologies in the 4th quarter worth about $21,093,000. Vanguard Group Inc. increased its stake in shares of ESCO Technologies by 4.6% in the first quarter. Vanguard Group Inc. now owns 2,807,384 shares of the scientific and technical instruments company’s stock valued at $196,292,000 after buying an additional 122,558 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in ESCO Technologies by 3.4% in the 2nd 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. Comerica Bank acquired a new stake in ESCO Technologies during the 3rd quarter worth approximately $9,239,000. Finally, Royce & Associates LP grew its holdings in ESCO Technologies by 10.7% during the 2nd quarter. Royce & Associates LP now owns 615,451 shares of the scientific and technical instruments company’s stock worth $63,779,000 after acquiring an additional 59,676 shares during the last quarter. 93.45% of the stock is currently owned by institutional investors.
About ESCO Technologies
ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. 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.