ESCO Technologies (NYSE:ESE) Given “Buy” Rating at Benchmark

ESCO Technologies (NYSE:ESE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Benchmark in a report released on Friday,Benzinga reports. They currently have a $150.00 price target on the scientific and technical instruments company’s stock. Benchmark’s price target would indicate a potential upside of 0.66% from the company’s previous close.

Separately, Stephens upped their price objective on shares of ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, September 27th.

ESCO Technologies Trading Up 6.4 %

Shares of ESE traded up $9.01 during trading hours on Friday, reaching $149.01. 32,080 shares of the company traded hands, compared to its average volume of 125,204. ESCO Technologies has a 12 month low of $96.69 and a 12 month high of $153.00. The company has a quick ratio of 1.39, a current ratio of 2.10 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average price is $126.87 and its two-hundred day moving average price is $116.94. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 38.60 and a beta of 1.08.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. bought a new position in ESCO Technologies during the second quarter valued at $36,000. Innealta Capital LLC purchased a new stake in shares of ESCO Technologies during the 2nd quarter valued at about $50,000. GAMMA Investing LLC lifted its holdings in shares of ESCO Technologies by 43.0% in the 3rd quarter. GAMMA Investing LLC now owns 469 shares of the scientific and technical instruments company’s stock valued at $60,000 after acquiring an additional 141 shares during the last quarter. Signaturefd LLC grew its position in ESCO Technologies by 17.9% in the third quarter. Signaturefd LLC now owns 990 shares of the scientific and technical instruments company’s stock worth $128,000 after acquiring an additional 150 shares in the last quarter. Finally, EntryPoint Capital LLC grew its position in ESCO Technologies by 2,178.3% in the first quarter. EntryPoint Capital LLC now owns 1,572 shares of the scientific and technical instruments company’s stock worth $168,000 after acquiring an additional 1,503 shares in the last quarter. 95.70% 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.