Is Buying Esco Technologies Incorporated (NYSE:ESE) Here Good Idea?

December 11, 2017 - By Maria Brooks

 Is Buying Esco Technologies Incorporated (NYSE:ESE) Here Good Idea?

Investors sentiment increased to 1.36 in Q2 2017. Its up 0.10, from 1.26 in 2017Q1. It increased, as 12 investors sold ESCO Technologies Inc. shares while 41 reduced holdings. 22 funds opened positions while 50 raised stakes. 23.42 million shares or 1.03% less from 23.66 million shares in 2017Q1 were reported.
Moreover, Cambridge Investment Rech Advsrs has 0% invested in ESCO Technologies Inc. (NYSE:ESE) for 5,609 shares. 37,484 were accumulated by Great West Life Assurance Can. Utd Ser Automobile Association owns 0.04% invested in ESCO Technologies Inc. (NYSE:ESE) for 220,467 shares. 5,221 are owned by Employees Retirement Association Of Colorado. The New Jersey-based Prudential Financial Inc has invested 0% in ESCO Technologies Inc. (NYSE:ESE). Envestnet Asset owns 3,871 shares or 0% of their US portfolio. California State Teachers Retirement System holds 45,184 shares. State Common Retirement Fund holds 0% or 28,200 shares. Guggenheim Capital Ltd Liability Corporation accumulated 18,597 shares or 0% of the stock. 152,781 are owned by Schwab Charles Investment Inc. Texas Permanent School Fund owns 18,859 shares. Ameriprise Fincl has 0.01% invested in ESCO Technologies Inc. (NYSE:ESE). 3,500 are owned by Banced Corporation. The Ohio-based Employees Retirement Sys Of Ohio has invested 0% in ESCO Technologies Inc. (NYSE:ESE). Sector Pension Board accumulated 13,231 shares.

The stock of Esco Technologies Incorporated (NYSE:ESE) registered a decrease of 15.72% in short interest. ESE’s total short interest was 362,300 shares in December as published by FINRA. Its down 15.72% from 429,900 shares, reported previously. With 70,000 shares average volume, it will take short sellers 5 days to cover their ESE’s short positions. The short interest to Esco Technologies Incorporated’s float is 1.45%.

The stock decreased 0.16% or $0.1 during the last trading session, reaching $62.05. About 11,933 shares traded. ESCO Technologies Inc. (NYSE:ESE) has risen 46.33% since December 11, 2016 and is uptrending. It has outperformed by 29.63% the S&P500.

ESCO Technologies Inc., through its subsidiaries, produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial applications worldwide. The company has market cap of $1.60 billion. The companyÂ’s Filtration segment supplies filtration and fluid control products, including filter elements, manifolds, assemblies, modules, indicators, custom and standard valves, filters, regulators, actuators, and other related components; and elastomeric signature reduction solutions. It has a 29.98 P/E ratio. The Company’s RF Shielding and Test segment creates and makes RF test facilities, acoustic test enclosures, RF and magnetically shielded rooms, secure communication facilities, RF measurement systems, and broadcast and recording studios; and components, such as RF absorptive materials, RF filters, active compensation systems, antennas, antenna masts, turntables, electric and magnetic probes, RF test cells, proprietary measurement software, and other test accessories to perform various tests.

ESCO Technologies Inc. (NYSE:ESE) Ratings Coverage

Among 8 analysts covering ESCO Technologies (NYSE:ESE), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. ESCO Technologies has $71 highest and $7 lowest target. $49.33’s average target is -20.50% below currents $62.05 stock price. ESCO Technologies had 11 analyst reports since August 12, 2015 according to SRatingsIntel. Canaccord Genuity maintained the shares of ESE in report on Wednesday, August 12 with “Hold” rating. Needham upgraded the shares of ESE in report on Tuesday, November 21 to “Buy” rating. As per Monday, October 16, the company rating was maintained by Needham. The rating was upgraded by Zacks on Friday, August 28 to “Sell”. The stock has “Buy” rating by BB&T Capital on Wednesday, May 4. Euro Pacific Capital initiated the shares of ESE in report on Monday, October 12 with “Buy” rating.

More important recent ESCO Technologies Inc. (NYSE:ESE) news were published by: which released: “ESCO Announces Acquisition of Global Utility Test Equipment Provider” on September 05, 2017, also published article titled: “ESCO Technologies Inc (ESE) Files 10-K for the Fiscal Year Ended on September …”, published: “ESCO Technologies’ (ESE) CEO Vic Richey on Q3 2017 Results – Earnings Call …” on November 15, 2017. More interesting news about ESCO Technologies Inc. (NYSE:ESE) was released by: and their article: “Amid rise of renewables, St. Louis’ Esco Technologies acquires Renewable NRG …” with publication date: May 09, 2017.

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