ESCO Technologies Inc. (NYSE:ESE) – Stock analysts at FBR & Co issued their FY2017 earnings estimates for ESCO Technologies in a research note issued on Tuesday. FBR & Co analyst L. Burke expects that the scientific and technical instruments company will post earnings per share of $2.17 for the year. FBR & Co currently has a “Outperform” rating on the stock. FBR & Co also issued estimates for ESCO Technologies’ FY2018 earnings at $2.51 EPS.
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Separately, Wunderlich started coverage on shares of ESCO Technologies in a research report on Tuesday, June 13th. They set a “buy” rating and a $71.00 target price on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. ESCO Technologies currently has an average rating of “Buy” and a consensus price target of $57.67.
ESCO Technologies (ESE) opened at 60.30 on Friday. The company has a 50-day moving average of $58.39 and a 200-day moving average of $57.23. ESCO Technologies has a 52-week low of $40.39 and a 52-week high of $61.40. The company has a market cap of $1.56 billion, a P/E ratio of 31.08 and a beta of 1.01.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 19th. Shareholders of record on Wednesday, July 5th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, June 30th. This represents a $0.32 annualized dividend and a yield of 0.53%. ESCO Technologies’s payout ratio is 16.58%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC increased its position in ESCO Technologies by 96.9% in the first quarter. LS Investment Advisors LLC now owns 1,900 shares of the scientific and technical instruments company’s stock valued at $110,000 after buying an additional 935 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in ESCO Technologies by 3,191.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,909 shares of the scientific and technical instruments company’s stock valued at $111,000 after buying an additional 1,851 shares during the last quarter. PNC Financial Services Group Inc. increased its position in ESCO Technologies by 7.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,116 shares of the scientific and technical instruments company’s stock valued at $123,000 after buying an additional 152 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in ESCO Technologies during the first quarter valued at $128,000. Finally, Envestnet Asset Management Inc. increased its position in ESCO Technologies by 6.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,641 shares of the scientific and technical instruments company’s stock valued at $149,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.
About ESCO Technologies
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.
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