Esterline Technologies Corporation (NYSE:ESL) major shareholder Select Drawdown Fund L.P. Fpa sold 61,932 shares of Esterline Technologies Corporation stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $89.21, for a total transaction of $5,524,953.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Select Drawdown Fund L.P. Fpa also recently made the following trade(s):

  • On Monday, February 13th, Select Drawdown Fund L.P. Fpa sold 113,666 shares of Esterline Technologies Corporation stock. The shares were sold at an average price of $88.98, for a total transaction of $10,114,000.68.

Esterline Technologies Corporation (NYSE:ESL) traded up 0.28% during mid-day trading on Thursday, reaching $89.50. 80,501 shares of the company were exchanged. Esterline Technologies Corporation has a 12 month low of $53.35 and a 12 month high of $96.50. The stock has a market capitalization of $2.66 billion, a P/E ratio of 23.60 and a beta of 1.36. The company’s 50 day moving average price is $87.92 and its 200-day moving average price is $80.60.

Esterline Technologies Corporation (NYSE:ESL) last posted its quarterly earnings data on Thursday, February 2nd. The company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.35. Esterline Technologies Corporation had a net margin of 5.61% and a return on equity of 9.51%. The firm had revenue of $457.73 million for the quarter, compared to the consensus estimate of $447.17 million. During the same period in the prior year, the firm posted $0.62 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts expect that Esterline Technologies Corporation will post $4.79 earnings per share for the current fiscal year.

This story was reported by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright legislation. The correct version of this story can be read at http://www.watchlistnews.com/insider-selling-esterline-technologies-corporation-esl-major-shareholder-sells-61932-shares-of-stock/1121388.html.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a report on Monday, February 6th. Jefferies Group LLC boosted their price objective on shares of Esterline Technologies Corporation from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, November 11th. SunTrust Banks, Inc. began coverage on shares of Esterline Technologies Corporation in a report on Thursday, January 19th. They set a “buy” rating and a $106.00 price objective on the stock. Finally, Canaccord Genuity reissued a “hold” rating and set a $70.00 price objective on shares of Esterline Technologies Corporation in a report on Tuesday, November 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $83.33.

A number of hedge funds and other institutional investors have recently bought and sold shares of ESL. Macquarie Group Ltd. boosted its stake in shares of Esterline Technologies Corporation by 27.8% in the second quarter. Macquarie Group Ltd. now owns 78,583 shares of the company’s stock worth $4,875,000 after buying an additional 17,107 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Esterline Technologies Corporation by 21.6% in the second quarter. Public Employees Retirement System of Ohio now owns 2,377 shares of the company’s stock worth $147,000 after buying an additional 423 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Esterline Technologies Corporation by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 148,260 shares of the company’s stock worth $9,199,000 after buying an additional 10,235 shares during the period. Stifel Financial Corp boosted its stake in shares of Esterline Technologies Corporation by 5.9% in the second quarter. Stifel Financial Corp now owns 60,830 shares of the company’s stock worth $3,774,000 after buying an additional 3,399 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of Esterline Technologies Corporation by 10.9% in the second quarter. Amalgamated Bank now owns 3,672 shares of the company’s stock worth $260,000 after buying an additional 362 shares during the period. Hedge funds and other institutional investors own 87.49% of the company’s stock.

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.

5 Day Chart for NYSE:ESL

Receive News & Ratings for Esterline Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esterline Technologies Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.