Summitry LLC Raises Position in ESCO Technologies Inc. $ESE

Summitry LLC increased its position in shares of ESCO Technologies Inc. (NYSE:ESE) by 28.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,569 shares of the scientific and technical instruments company’s stock after purchasing an additional 568 shares during the period. Summitry LLC’s holdings in ESCO Technologies were worth $493,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in ESCO Technologies by 3.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 315,479 shares of the scientific and technical instruments company’s stock worth $50,199,000 after acquiring an additional 9,402 shares during the period. Intech Investment Management LLC increased its holdings in shares of ESCO Technologies by 8.1% in the 1st quarter. Intech Investment Management LLC now owns 20,352 shares of the scientific and technical instruments company’s stock valued at $3,238,000 after purchasing an additional 1,528 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in ESCO Technologies by 11.3% during the second quarter. Envestnet Asset Management Inc. now owns 94,081 shares of the scientific and technical instruments company’s stock worth $18,051,000 after buying an additional 9,562 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in ESCO Technologies during the first quarter worth about $169,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ESCO Technologies during the 2nd quarter valued at approximately $208,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of ESCO Technologies in a report on Wednesday, October 8th. Wall Street Zen lowered shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $187.50.

ESCO Technologies Stock Up 1.6%

ESE opened at $220.21 on Friday. The firm has a market cap of $5.69 billion, a P/E ratio of 49.60 and a beta of 1.25. The business’s fifty day simple moving average is $213.94 and its 200 day simple moving average is $196.64. ESCO Technologies Inc. has a 52 week low of $127.17 and a 52 week high of $226.34. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.38.

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.