Stephens Analysts Give ESCO Technologies (ESE) a $65.00 Price Target

Stephens set a $65.00 target price on ESCO Technologies (NYSE:ESE) in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has an equal weight rating on the scientific and technical instruments company’s stock.

ESE has been the topic of several other research reports. Needham & Company LLC raised ESCO Technologies from a hold rating to a buy rating in a report on Tuesday, November 21st. Zacks Investment Research cut ESCO Technologies from a buy rating to a hold rating in a report on Tuesday, October 10th. Finally, B. Riley set a $71.00 target price on ESCO Technologies and gave the stock a buy rating in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $68.75.

Shares of ESCO Technologies (ESE) traded up $0.15 during trading hours on Wednesday, reaching $62.15. The company had a trading volume of 72,776 shares, compared to its average volume of 124,807. ESCO Technologies has a 1 year low of $50.30 and a 1 year high of $65.95. The company has a market capitalization of $1,601.83, a PE ratio of 28.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.38 and a current ratio of 2.01.

ESCO Technologies (NYSE:ESE) last announced its earnings results on Tuesday, November 14th. The scientific and technical instruments company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04. ESCO Technologies had a return on equity of 8.64% and a net margin of 7.83%. The firm had revenue of $207.01 million for the quarter, compared to analysts’ expectations of $211.02 million. During the same quarter in the previous year, the company earned $0.67 earnings per share. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. equities analysts predict that ESCO Technologies will post 2.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Thursday, January 4th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $0.32 annualized dividend and a yield of 0.51%. ESCO Technologies’s payout ratio is 15.46%.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System increased its holdings in shares of ESCO Technologies by 6.3% in the third quarter. California Public Employees Retirement System now owns 39,113 shares of the scientific and technical instruments company’s stock valued at $2,345,000 after buying an additional 2,313 shares in the last quarter. Bamco Inc. NY increased its holdings in shares of ESCO Technologies by 113.5% in the third quarter. Bamco Inc. NY now owns 52,300 shares of the scientific and technical instruments company’s stock valued at $3,135,000 after buying an additional 27,800 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of ESCO Technologies by 5.1% in the third quarter. Janus Henderson Group PLC now owns 783,565 shares of the scientific and technical instruments company’s stock valued at $46,975,000 after buying an additional 37,812 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of ESCO Technologies by 11.9% in the third quarter. Segall Bryant & Hamill LLC now owns 366,375 shares of the scientific and technical instruments company’s stock valued at $21,964,000 after buying an additional 39,101 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of ESCO Technologies by 57.7% in the third quarter. KBC Group NV now owns 9,430 shares of the scientific and technical instruments company’s stock valued at $565,000 after buying an additional 3,450 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

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ESCO Technologies Company Profile

ESCO Technologies Inc (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging.

Analyst Recommendations for ESCO Technologies (NYSE:ESE)

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