The stock of ESCO Technologies Inc. (NYSE:ESE) hit a new 52-week high and has $85.88 target or 57.00% above today’s $54.70 share price. The 7 months bullish chart indicates low risk for the $1.52B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $85.88 price target is reached, the company will be worth $866.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 75,634 shares traded hands. ESCO Technologies Inc. (NYSE:ESE) has risen 42.30% since April 15, 2016 and is uptrending. It has outperformed by 37.67% the S&P500.
ESCO Technologies Inc. (NYSE:ESE) Ratings Coverage
Out of 4 analysts covering ESCO Technologies (NYSE:ESE), 2 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 50% are positive. $45 is the highest target while $7 is the lowest. The $29.67 average target is -45.76% below today’s ($54.7) stock price. ESCO Technologies has been the topic of 6 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, October 12 by Euro Pacific Capital. The firm earned “Sell” rating on Friday, August 28 by Zacks. BB&T Capital maintained the shares of ESE in a report on Wednesday, May 4 with “Buy” rating. Canaccord Genuity maintained ESCO Technologies Inc. (NYSE:ESE) on Wednesday, August 12 with “Hold” rating.
According to Zacks Investment Research, “Nexus Energy Software, a subsidiary of ESCO Technologies Inc., enables the vision of what energy information can accomplish for the twenty first Century Utility by transforming both energy company and customer views of energy. Nexus’ leading, proven-at-scale solutions support customer interactions via self-service and the contact center, while enhancing operating functions with analytic applications that integrate meter, customer, and asset data. Nexus’ ENERGYprism, Energy Vision and Nexus MDMS product lines are in use at over eighty five energy companies worldwide, supporting millions of interactions and transactions each year,”
Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.22, from 1.3 in 2016Q1. The ratio is negative, as 9 funds sold all ESCO Technologies Inc. shares owned while 42 reduced positions. 9 funds bought stakes while 46 increased positions. They now own 23.92 million shares or 0.25% more from 23.86 million shares in 2016Q1.
Legal And General Gp Public Limited holds 0% of its portfolio in ESCO Technologies Inc. (NYSE:ESE) for 5,600 shares. Blackrock Group Incorporated Limited last reported 0% of its portfolio in the stock. Barrow Hanley Mewhinney And Strauss Ltd Liability Corporation owns 66,686 shares or 0% of their US portfolio. Moreover, Teachers Retirement Systems Of The State Of Kentucky has 0% invested in ESCO Technologies Inc. (NYSE:ESE) for 7,800 shares. Qs Investors Limited Company, a New York-based fund reported 8 shares. Citadel Ltd Liability Company reported 39,969 shares or 0% of all its holdings. Smith Moore And Com, a Missouri-based fund reported 7,509 shares. Cap Guardian Trust has 0% invested in the company for 44 shares. Ameriprise has invested 0.01% of its portfolio in ESCO Technologies Inc. (NYSE:ESE). The New York-based Citigroup has invested 0% in ESCO Technologies Inc. (NYSE:ESE). Louisiana State Employees Retirement has 0.02% invested in the company for 11,400 shares. Cramer Rosenthal Mcglynn last reported 278,586 shares in the company. Nuveen Asset Limited Liability holds 80,140 shares or 0.02% of its portfolio. Td Asset holds 0% of its portfolio in ESCO Technologies Inc. (NYSE:ESE) for 19,600 shares. Nationwide Fund Advsr holds 29,856 shares or 0.01% of its portfolio.
Insider Transactions: Since August 8, 2016, the stock had 0 insider purchases, and 1 sale for $195,300 net activity. The insider SOLLEY LARRY W sold 4,500 shares worth $195,300.
More recent ESCO Technologies Inc. (NYSE:ESE) news were published by: Streetinsider.com which released: “Form 8-K ESCO TECHNOLOGIES INC For: Nov 13” on November 17, 2016. Also Streetinsider.com published the news titled: “ESCO Technologies (ESE) Acquires Mayday Manufacturing, Hi-Tech Metals” on November 07, 2016. Nasdaq.com‘s news article titled: “ESCO Technologies Inc. (ESE) Ex-Dividend Date Scheduled for September 29, 2016” with publication date: September 28, 2016 was also an interesting one.
ESE Company Profile
ESCO Technologies Inc. (ESCO), incorporated on August 1990, is organized based on the services and products it offers. Under this organizational structure, the Company has three reporting divisions: Filtration or Fluid Flow (Filtration), RF Shielding and Test (Test) and Utility Solutions Group (USG). The Filtration segmentâ€™s activities consist of: PTI Technologies Inc., VACCO Industries, Crissair, Inc. and Thermoform Engineered Quality LLC. The companies within this segment design and manufacture specialty filtration products including hydraulic filter elements and fluid control devices used in commercial aerospace applications, unique filter mechanisms used in micro-propulsion devices for satellites and custom designed filters for manned aircraft and submarines. Test segment activities consist of ETS-Lindgren Inc. (ETS-Lindgren). ETS-Lindgren is an industry leader in providing its clients with the ability to identify measure and contain magnetic, electromagnetic and acoustic energy. ETS-Lindgren also makes radio frequency shielding products and components used by manufacturers of medical equipment, communications systems, electronic products, and shielded rooms for high-security data processing and secure communication.
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