Janney Montgomery Scott LLC increased its position in Esterline Technologies Corporation (NYSE:ESL) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,394 shares of the aerospace company’s stock after buying an additional 170 shares during the period. Janney Montgomery Scott LLC’s holdings in Esterline Technologies Corporation were worth $1,175,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. LS Investment Advisors LLC raised its position in Esterline Technologies Corporation by 2.9% in the first quarter. LS Investment Advisors LLC now owns 2,104 shares of the aerospace company’s stock worth $181,000 after buying an additional 60 shares during the last quarter. Invictus RG raised its position in Esterline Technologies Corporation by 66.3% in the first quarter. Invictus RG now owns 2,252 shares of the aerospace company’s stock worth $194,000 after buying an additional 898 shares during the last quarter. Oakbrook Investments LLC bought a new position in Esterline Technologies Corporation during the second quarter worth approximately $209,000. Perkins Coie Trust Co raised its position in Esterline Technologies Corporation by 7.9% in the second quarter. Perkins Coie Trust Co now owns 2,729 shares of the aerospace company’s stock worth $259,000 after buying an additional 200 shares during the last quarter. Finally, Bank of Montreal Can raised its position in Esterline Technologies Corporation by 14.3% in the first quarter. Bank of Montreal Can now owns 3,132 shares of the aerospace company’s stock worth $269,000 after buying an additional 393 shares during the last quarter. 90.22% of the stock is owned by hedge funds and other institutional investors.
Shares of Esterline Technologies Corporation (NYSE:ESL) opened at 86.00 on Friday. Esterline Technologies Corporation has a 12 month low of $69.85 and a 12 month high of $102.70. The stock has a market cap of $2.58 billion, a P/E ratio of 19.16 and a beta of 1.43. The company has a 50 day moving average price of $94.97 and a 200-day moving average price of $91.57.
Esterline Technologies Corporation (NYSE:ESL) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.30 by $0.22. The firm had revenue of $503.80 million during the quarter, compared to the consensus estimate of $522.38 million. Esterline Technologies Corporation had a return on equity of 9.18% and a net margin of 6.65%. The company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 EPS. On average, equities research analysts predict that Esterline Technologies Corporation will post $4.65 earnings per share for the current year.
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A number of research firms have recently commented on ESL. Canaccord Genuity reaffirmed a “hold” rating and issued a $90.00 price target on shares of Esterline Technologies Corporation in a report on Thursday, June 22nd. Credit Suisse Group cut their price target on Esterline Technologies Corporation from $106.00 to $96.00 and set an “outperform” rating for the company in a report on Monday, May 15th. Zacks Investment Research raised Esterline Technologies Corporation from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Monday, May 8th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $90.00 price target (down from $92.00) on shares of Esterline Technologies Corporation in a report on Wednesday. Finally, BidaskClub raised Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Esterline Technologies Corporation currently has a consensus rating of “Hold” and a consensus target price of $93.00.
In other Esterline Technologies Corporation news, CFO Robert David George sold 26,700 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $93.46, for a total transaction of $2,495,382.00. Following the completion of the transaction, the chief financial officer now owns 29,960 shares of the company’s stock, valued at approximately $2,800,061.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Albert S. Yost sold 6,700 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $92.61, for a total transaction of $620,487.00. The disclosure for this sale can be found here. Insiders sold a total of 41,170 shares of company stock valued at $3,865,674 in the last ninety days. 1.40% of the stock is currently owned by insiders.
Esterline Technologies Corporation Company Profile
Esterline Technologies Corporation is a specialized manufacturing company. The Company designs, manufactures and markets engineered products and systems for application within the industries it serves. The Company operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials.
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