ESCO Technologies (NYSE:ESE) Hits New 12-Month High – Here’s What Happened

ESCO Technologies Inc. (NYSE:ESE)’s stock price reached a new 52-week high on Friday . The stock traded as high as $154.00 and last traded at $150.00, with a volume of 35644 shares trading hands. The stock had previously closed at $140.00.

Analyst Ratings Changes

ESE has been the subject of a number of recent research reports. Stephens raised their price objective on shares of ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Benchmark restated a “buy” rating and set a $150.00 price objective on shares of ESCO Technologies in a report on Friday.

ESCO Technologies Trading Up 1.1 %

The stock has a market capitalization of $3.65 billion, a PE ratio of 38.60 and a beta of 1.08. 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 business’s fifty day moving average is $126.87 and its 200-day moving average is $116.94.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. ProShare Advisors LLC increased its holdings in ESCO Technologies by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 5,168 shares of the scientific and technical instruments company’s stock valued at $553,000 after purchasing an additional 354 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in ESCO Technologies by 56.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,440 shares of the scientific and technical instruments company’s stock worth $1,225,000 after acquiring an additional 4,130 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in ESCO Technologies by 2.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,918 shares of the scientific and technical instruments company’s stock valued at $1,383,000 after acquiring an additional 287 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of ESCO Technologies by 0.5% during the first quarter. Vanguard Group Inc. now owns 2,895,420 shares of the scientific and technical instruments company’s stock valued at $309,955,000 after purchasing an additional 15,801 shares during the period. Finally, Edgestream Partners L.P. lifted its position in shares of ESCO Technologies by 272.7% during the first quarter. Edgestream Partners L.P. now owns 19,794 shares of the scientific and technical instruments company’s stock worth $2,119,000 after purchasing an additional 14,483 shares in the last quarter. Hedge funds and other institutional investors own 95.70% of the company’s stock.

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.