Stephens Initiates Coverage on ESCO Technologies (NYSE:ESE)

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Stephens assumed coverage on shares of ESCO Technologies (NYSE:ESE) in a research report issued to clients and investors on Monday, Marketbeat reports. The firm set an “equal weight” rating on the scientific and technical instruments company’s stock.

Shares of ESCO Technologies stock traded up $0.30 during trading on Monday, hitting $81.84. The stock had a trading volume of 72,390 shares, compared to its average volume of 101,282. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.54 and a current ratio of 2.16. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 29.55 and a beta of 1.10. The firm’s fifty day simple moving average is $75.74. ESCO Technologies has a fifty-two week low of $59.00 and a fifty-two week high of $84.21.

ESCO Technologies (NYSE:ESE) last announced its quarterly earnings data on Tuesday, May 7th. The scientific and technical instruments company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.14. ESCO Technologies had a return on equity of 10.86% and a net margin of 10.45%. The company had revenue of $193.95 million during the quarter, compared to the consensus estimate of $192.60 million. During the same quarter last year, the company earned $0.48 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts predict that ESCO Technologies will post 3.08 earnings per share for the current year.

In other news, insider Gary E. Muenster sold 3,903 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $72.90, for a total value of $284,528.70. Following the transaction, the insider now directly owns 223,642 shares in the company, valued at approximately $16,303,501.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 16,097 shares of company stock worth $1,172,865 over the last 90 days. 2.50% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of ESE. Parallel Advisors LLC increased its position in shares of ESCO Technologies by 212.7% in the first quarter. Parallel Advisors LLC now owns 444 shares of the scientific and technical instruments company’s stock valued at $30,000 after acquiring an additional 302 shares during the last quarter. Quadrant Capital Group LLC raised its position in ESCO Technologies by 384.4% during the first quarter. Quadrant Capital Group LLC now owns 465 shares of the scientific and technical instruments company’s stock valued at $29,000 after purchasing an additional 369 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in ESCO Technologies by 727.6% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 480 shares of the scientific and technical instruments company’s stock valued at $32,000 after purchasing an additional 422 shares in the last quarter. First Manhattan Co. raised its position in ESCO Technologies by 150.0% during the first quarter. First Manhattan Co. now owns 500 shares of the scientific and technical instruments company’s stock valued at $33,000 after purchasing an additional 300 shares in the last quarter. Finally, Pearl River Capital LLC acquired a new position in shares of ESCO Technologies during the first quarter worth $62,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

ESCO Technologies Company Profile

ESCO Technologies Inc produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial users worldwide. The company operates in four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG), and Technical Packaging.

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