The stock of ESCO Technologies Inc. (NYSE:ESE) hit a new 52-week high and has $81.66 target or 63.00% above today’s $50.10 share price. The 6 months bullish chart indicates low risk for the $1.34B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $81.66 price target is reached, the company will be worth $844.20 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 96,203 shares traded hands or 9.89% up from the average. ESCO Technologies Inc. (NYSE:ESE) has risen 28.13% since April 11, 2016 and is uptrending. It has outperformed by 21.99% 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. ESCO Technologies has been the topic of 6 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by BB&T Capital given on Wednesday, May 4. The stock of ESCO Technologies Inc. (NYSE:ESE) has “Hold” rating given on Wednesday, August 12 by Canaccord Genuity. The rating was initiated by Euro Pacific Capital with “Buy” on Monday, October 12. Zacks upgraded the stock to “Sell” rating in Friday, August 28 report.
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 turned 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.
California Public Employees Retirement Systems accumulated 28,000 shares or 0% of the stock. Jpmorgan Chase Communications owns 16,315 shares or 0% of their US portfolio. Guggenheim Capital Limited Liability Corp has 6,386 shares for 0% of their US portfolio. Evercore Wealth Mgmt Llc holds 362 shares or 0% of its portfolio. Zacks Inv Mgmt holds 48,299 shares or 0.06% of its portfolio. Deutsche Bankshares Ag has 0% invested in the company for 57,523 shares. Great West Life Assurance Can holds 0% or 2,751 shares in its portfolio. Principal Gru Inc has 0.01% invested in the company for 181,128 shares. Comerica Bancorporation owns 25,727 shares or 0.01% of their US portfolio. Manufacturers Life Company The accumulated 0% or 16,707 shares. Columbia Wanger Asset Management Ltd Company has invested 0.19% of its portfolio in ESCO Technologies Inc. (NYSE:ESE). The Texas-based Capstone Asset Mngmt Communications has invested 0.01% in ESCO Technologies Inc. (NYSE:ESE). Ameriprise Fin has 0.01% invested in the company for 330,497 shares. Nuveen Asset Mgmt Limited Company holds 80,140 shares or 0.02% of its portfolio. Legal And General Group Inc Public Limited owns 5,600 shares or 0% of their US portfolio.
Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 1 sale for $195,300 net activity. 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: “ESCO Technologies (ESE) Acquires Mayday Manufacturing, Hi-Tech Metals” on November 07, 2016. Also Bizjournals.com published the news titled: “ESCO buys Texas aerospace firm” on November 07, 2016. Streetinsider.com‘s news article titled: “ESCO Technologies (ESE) Buys Westland Technologies” with publication date: September 06, 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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