Geneva Capital Management LLC Grows Stock Holdings in ESCO Technologies Inc. (NYSE:ESE)

Geneva Capital Management LLC increased its stake in ESCO Technologies Inc. (NYSE:ESE) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 847,252 shares of the scientific and technical instruments company’s stock after buying an additional 2,100 shares during the period. ESCO Technologies accounts for about 1.8% of Geneva Capital Management LLC’s holdings, making the stock its 14th largest holding. Geneva Capital Management LLC’s holdings in ESCO Technologies were worth $109,279,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in shares of ESCO Technologies by 9.1% during the third quarter. Victory Capital Management Inc. now owns 70,387 shares of the scientific and technical instruments company’s stock valued at $9,079,000 after buying an additional 5,874 shares during the last quarter. Ceredex Value Advisors LLC boosted its stake in ESCO Technologies by 0.5% during the 3rd quarter. Ceredex Value Advisors LLC now owns 94,350 shares of the scientific and technical instruments company’s stock valued at $12,169,000 after purchasing an additional 500 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of ESCO Technologies by 1.8% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,047,741 shares of the scientific and technical instruments company’s stock worth $135,138,000 after purchasing an additional 18,676 shares in the last quarter. Stephens Inc. AR purchased a new position in shares of ESCO Technologies in the third quarter worth $786,000. Finally, US Bancorp DE lifted its holdings in shares of ESCO Technologies by 7.1% during the third quarter. US Bancorp DE now owns 12,361 shares of the scientific and technical instruments company’s stock valued at $1,594,000 after purchasing an additional 822 shares in the last quarter. Institutional investors own 95.70% of the company’s stock.

ESCO Technologies Stock Performance

ESE stock traded up $1.28 during midday trading on Tuesday, reaching $146.45. 19,880 shares of the company’s stock traded hands, compared to its average volume of 124,339. The stock’s 50-day moving average is $125.70 and its 200 day moving average is $116.48. The stock has a market cap of $3.77 billion, a P/E ratio of 37.94 and a beta of 1.08. ESCO Technologies Inc. has a 52-week low of $96.69 and a 52-week high of $147.80. The company has a current ratio of 2.10, a quick ratio of 1.39 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

ESE has been the subject of a number of recent analyst reports. Stephens boosted their target price on ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Benchmark restated a “buy” rating and set a $150.00 price objective on shares of ESCO Technologies in a research report on Tuesday, November 5th.

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.