Jupiter Asset Management Ltd. Takes $217,000 Position in ESCO Technologies Inc. $ESE

Jupiter Asset Management Ltd. purchased a new position in shares of ESCO Technologies Inc. (NYSE:ESE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,133 shares of the scientific and technical instruments company’s stock, valued at approximately $217,000.

Several other large investors have also bought and sold shares of ESE. Vanguard Group Inc. grew its holdings in ESCO Technologies by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 2,973,925 shares of the scientific and technical instruments company’s stock worth $473,211,000 after acquiring an additional 66,392 shares during the period. Geneva Capital Management LLC grew its stake in shares of ESCO Technologies by 5.9% during the second quarter. Geneva Capital Management LLC now owns 882,959 shares of the scientific and technical instruments company’s stock worth $169,413,000 after purchasing an additional 49,173 shares during the period. Nuveen LLC acquired a new stake in shares of ESCO Technologies during the first quarter worth $90,067,000. Charles Schwab Investment Management Inc. increased its holdings in ESCO Technologies by 3.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 315,479 shares of the scientific and technical instruments company’s stock valued at $50,199,000 after purchasing an additional 9,402 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of ESCO Technologies by 1.8% in the 1st quarter. Royal Bank of Canada now owns 245,228 shares of the scientific and technical instruments company’s stock valued at $39,020,000 after acquiring an additional 4,276 shares during the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

ESCO Technologies Stock Performance

Shares of 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. ESCO Technologies Inc. has a twelve month low of $127.17 and a twelve month high of $226.34. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 1.52. The firm’s 50 day moving average price is $213.94 and its two-hundred day moving average price is $196.36.

ESCO Technologies Profile

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.