ESCO Technologies Inc. (ESE) Trades at $59.05 Forming Bearish Wedge Down Pattern

April 16, 2018 - By Richard Slagle

ESCO Technologies Inc. (NYSE:ESE) Corporate Logo

Big Money Sentiment decreased to 1.29 in 2017 Q4. It has change of 0.11, from 2017Q3’s 1.4. The ratio fall due to ESCO Technologies Inc. positioning: 10 sold and 46 reduced. 20 funds took stakes and 52 increased stakes. Investors holded 23.77 million in 2017Q3 but now own 23.84 million shares or 0.26% more.
Ls Limited Liability Company has invested 0% of its capital in ESCO Technologies Inc. (NYSE:ESE). Moreover, Citadel Advsrs Ltd Liability Corp has 0% invested in ESCO Technologies Inc. (NYSE:ESE) for 27,649 shs. First Advisors Lp reported 19,559 shs stake. M&T Natl Bank holds 4,217 shs or 0% of its capital. Smith Moore And invested in 0.12% or 7,128 shs. Cambridge Investment Inc reported 0% of its capital in ESCO Technologies Inc. (NYSE:ESE). First Mercantile Trust has invested 0.07% of its capital in ESCO Technologies Inc. (NYSE:ESE). Rhumbline Advisers invested in 65,527 shs. Parametrica has invested 0.2% in ESCO Technologies Inc. (NYSE:ESE). State Of Tennessee Treasury Department reported 20,343 shs stake. Crawford Counsel accumulated 171,181 shs. Goldman Sachs Gp stated it has 0% in ESCO Technologies Inc. (NYSE:ESE). California Employees Retirement Systems, a California-based fund reported 30,152 shs. Ubs Asset Mngmt Americas Inc reported 0% stake. Amer Int Group Incorporated reported 0% in ESCO Technologies Inc. (NYSE:ESE).

ESCO Technologies Inc. registered $575,427 net activity with 0 insider buys and 2 selling transactions since February 15, 2018. 5,000 ESCO Technologies Inc. (NYSE:ESE) shs with value of $310,000 were sold by BARCLAY ALYSON S.

ESCO Technologies Inc. (ESE)’s chart shows a down wedge chart setup with $54.33 PT. That’s 8.00 % below today’s $59.05 price per share. At $54.33 PT, the company’s valuation could be $122.08 million less.

ESE reached $59.05 on during the last trading session after $0.75 change.ESCO Technologies Inc. has volume of 11,799 shares. Since April 16, 2017 ESE has risen 1.50% and is uptrending. The stock underperformed the S&P 500 by 10.05%.

Analysts await ESCO Technologies Inc. (NYSE:ESE) to report earnings on May, 3. They expect $0.40 earnings per share, down 6.98 % or $0.03 from last year’s $0.43 per share. ESE’s profit will be $10.34M for 36.91 P/E if the $0.40 EPS becomes a reality. After $0.33 actual earnings per share reported by ESCO Technologies Inc. for the previous quarter, Wall Street now forecasts 21.21 % EPS growth.

ESCO Technologies Inc. (NYSE:ESE) Ratings Coverage

Total analysts of 3 have positions in Esco Technologies Inc (NYSE:ESE) as follows: 2 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 67%. Since November 15, 2017 according to StockzIntelligence Inc Esco Technologies Inc has 3 analyst reports. On Tuesday, November 21 Needham upgraded ESCO Technologies Inc. (NYSE:ESE) to “Buy” rating.

ESCO Technologies Inc. (NYSE:ESE) Institutional Investors Chart

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