Analysts Set Esco Technologies Inc. (NYSE:ESE) PT at $42.50
Esco Technologies Inc. (NYSE:ESE) has earned an average recommendation of “Hold” from the five analysts that are covering the stock. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $42.50.
Several equities analysts have recently issued reports on the stock. Canaccord Genuity reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Esco Technologies in a research note on Thursday, August 4th. Zacks Investment Research cut shares of Esco Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th.
Esco Technologies (NYSE:ESE) opened at 46.42 on Thursday. The stock has a market cap of $1.19 billion, a P/E ratio of 28.64 and a beta of 1.26. Esco Technologies has a 1-year low of $31.50 and a 1-year high of $47.39. The firm’s 50-day moving average is $45.57 and its 200-day moving average is $41.38.
Esco Technologies (NYSE:ESE) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.06. The company had revenue of $140.20 million for the quarter, compared to analysts’ expectations of $145.57 million. Esco Technologies had a net margin of 7.42% and a return on equity of 8.10%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, analysts forecast that Esco Technologies will post $2.00 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, September 29th.
In other news, Director Larry W. Solley sold 4,500 shares of Esco Technologies stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $43.40, for a total value of $195,300.00. Following 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 legal filing with the SEC, which is accessible through this hyperlink. 2.40% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ESE. Macquarie Group Ltd. increased its position in Esco Technologies by 7.2% in the second quarter. Macquarie Group Ltd. now owns 606,225 shares of the company’s stock valued at $24,213,000 after buying an additional 40,818 shares during the period. Mason Street Advisors LLC purchased a new position in Esco Technologies during the second quarter valued at $201,000. Schwab Charles Investment Management Inc. increased its position in Esco Technologies by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 124,989 shares of the company’s stock valued at $4,993,000 after buying an additional 4,157 shares during the period. Arizona State Retirement System increased its position in Esco Technologies by 1.5% in the second quarter. Arizona State Retirement System now owns 13,353 shares of the company’s stock valued at $533,000 after buying an additional 200 shares during the period. Finally, Silvercrest Asset Management Group LLC increased its position in Esco Technologies by 12.8% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,223,819 shares of the company’s stock valued at $48,880,000 after buying an additional 138,639 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.
Esco Technologies Company Profile
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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