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I would agree with Charlie and Alan that it seems unlikely it was attached to a machine.
My money would be on this tag being attached to a tree purchased from a nursery in the dormant season. The stamped ES50 would be the catalogue reference for the tree that is being guaranteed to be as per the catalogue specification. The gardener would plant the tree in the dormant season when there were no leaves to identify the variety. Nowadays we have plastic labels and pictures with plants, but this could easily be 100 years old.
L HX could refer to anything that identifies the nursery – back in the era that this is likely to originate from the nursery may have had a moto in Latin that could have been shortened to these initials.