ESCO Technologies Inc. (ESE) Is At $56.90 Formed Wedge; Blackstone Group LP Has 1 Sentiment

ESCO Technologies Inc. (NYSE:ESE) Logo

ESCO Technologies Inc. (ESE) formed wedge down with $53.49 target or 6.00% below today’s $56.90 share price. ESCO Technologies Inc. (ESE) has $1.47B valuation. The stock decreased 2.07% or $1.2 during the last trading session, reaching $56.9. About 53,163 shares traded. ESCO Technologies Inc. (NYSE:ESE) has risen 1.50% since April 8, 2017 and is uptrending. It has underperformed by 10.05% the S&P500.

Blackstone Group LP (BX) investors sentiment decreased to 1 in Q4 2017. It’s down -0.24, from 1.24 in 2017Q3. The ratio has dropped, as 214 investment managers opened new and increased stock positions, while 213 sold and reduced stakes in Blackstone Group LP. The investment managers in our database now hold: 298.48 million shares, up from 272.94 million shares in 2017Q3. Also, the number of investment managers holding Blackstone Group LP in top ten stock positions decreased from 18 to 17 for a decrease of 1. Sold All: 59 Reduced: 154 Increased: 165 New Position: 49.

Analysts await The Blackstone Group L.P. (NYSE:BX) to report earnings on April, 19. They expect $0.77 earnings per share, down 6.10% or $0.05 from last year’s $0.82 per share. BX’s profit will be $914.81 million for 10.07 P/E if the $0.77 EPS becomes a reality. After $0.71 actual earnings per share reported by The Blackstone Group L.P. for the previous quarter, Wall Street now forecasts 8.45% EPS growth.

Since January 1, 0001, it had 0 buys, and 5 selling transactions for $18.59 million activity.

The Blackstone Group L.P. is a publicly owned hedge fund sponsor. The company has market cap of $36.84 billion. The firm also provides financial advisory services to its clients. It has a 14.03 P/E ratio. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations, retirees, sovereign wealth funds, and institutional and individual investors.

The stock decreased 0.93% or $0.29 during the last trading session, reaching $31.01. About 9.31 million shares traded or 56.25% up from the average. The Blackstone Group L.P. (BX) has risen 7.37% since April 8, 2017 and is uptrending. It has underperformed by 4.18% the S&P500.

Walnut Private Equity Partners Llc holds 15.63% of its portfolio in The Blackstone Group L.P. for 596,819 shares. Gvo Asset Management Ltd owns 1.37 million shares or 10.15% of their US portfolio. Moreover, Hmi Capital Llc has 9.82% invested in the company for 2.65 million shares. The Massachusetts-based Account Management Llc has invested 6.52% in the stock. Southport Management L.L.C., a Wyoming-based fund reported 70,000 shares.

Since February 15, 2018, it had 0 buys, and 2 selling transactions for $575,427 activity. SOLLEY LARRY W also sold $265,427 worth of ESCO Technologies Inc. (NYSE:ESE) shares. On Thursday, February 15 the insider BARCLAY ALYSON S sold $310,000.

Investors sentiment decreased to 1.29 in 2017 Q4. Its down 0.11, from 1.4 in 2017Q3. It is negative, as 10 investors sold ESCO Technologies Inc. shares while 46 reduced holdings. 20 funds opened positions while 52 raised stakes. 23.84 million shares or 0.26% more from 23.77 million shares in 2017Q3 were reported. 20,233 were accumulated by New York State Teachers Retirement System. Envestnet Asset holds 0% or 3,467 shares in its portfolio. Smith Moore And reported 7,128 shares. State Board Of Administration Of Florida Retirement Sys invested 0% of its portfolio in ESCO Technologies Inc. (NYSE:ESE). Ubs Asset Americas Inc holds 0% of its portfolio in ESCO Technologies Inc. (NYSE:ESE) for 15,330 shares. Kbc Grp Inc Nv invested 0.01% of its portfolio in ESCO Technologies Inc. (NYSE:ESE). Silvercrest Asset Management Group Limited Liability Company owns 932,218 shares for 0.52% of their portfolio. 152,911 are held by Columbia Wanger Asset Management Limited Co. State Of Alaska Department Of Revenue reported 5,155 shares. Teachers Retirement System Of The State Of Kentucky reported 7,300 shares. Deutsche Bankshares Ag holds 60,272 shares or 0% of its portfolio. Prudential accumulated 42,827 shares. Van Eck Assocs owns 30,671 shares. 3.28 million are held by Blackrock. The North Carolina-based Bb&T Corporation has invested 0% in ESCO Technologies Inc. (NYSE:ESE).

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 35.56 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.

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 -13.30% below currents $56.9 stock price. ESCO Technologies had 11 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Buy” rating by Euro Pacific Capital given on Monday, October 12. The stock of ESCO Technologies Inc. (NYSE:ESE) has “Buy” rating given on Wednesday, May 4 by BB&T Capital. Needham maintained ESCO Technologies Inc. (NYSE:ESE) on Monday, October 16 with “Hold” rating. The stock of ESCO Technologies Inc. (NYSE:ESE) has “Hold” rating given on Wednesday, August 12 by Canaccord Genuity. Needham upgraded ESCO Technologies Inc. (NYSE:ESE) on Tuesday, November 21 to “Buy” rating. The firm has “Sell” rating by Zacks given on Friday, August 28.

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