Ameriprise Financial Inc. trimmed its holdings in shares of Esterline Technologies Co. (NYSE:ESL) by 10.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,595 shares of the aerospace company’s stock after selling 13,131 shares during the period. Ameriprise Financial Inc. owned 0.38% of Esterline Technologies worth $10,241,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ESL. Vanguard Group Inc. boosted its position in shares of Esterline Technologies by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,454,359 shares of the aerospace company’s stock worth $232,673,000 after purchasing an additional 22,930 shares during the last quarter. State Street Corp boosted its position in shares of Esterline Technologies by 1.9% in the 2nd quarter. State Street Corp now owns 1,082,486 shares of the aerospace company’s stock worth $102,617,000 after purchasing an additional 20,181 shares during the last quarter. Fiduciary Management Inc. WI boosted its position in shares of Esterline Technologies by 14.5% in the 2nd quarter. Fiduciary Management Inc. WI now owns 972,956 shares of the aerospace company’s stock worth $92,236,000 after purchasing an additional 123,467 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Esterline Technologies by 12.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 935,158 shares of the aerospace company’s stock worth $88,653,000 after purchasing an additional 100,543 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Esterline Technologies by 3.2% in the 2nd quarter. Northern Trust Corp now owns 827,955 shares of the aerospace company’s stock worth $78,490,000 after purchasing an additional 25,723 shares during the last quarter. 91.20% of the stock is owned by hedge funds and other institutional investors.

Shares of Esterline Technologies Co. (NYSE ESL) opened at $75.05 on Thursday. Esterline Technologies Co. has a 12 month low of $68.30 and a 12 month high of $102.70. The stock has a market capitalization of $2,250.33, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.60 and a beta of 1.43. The company has a quick ratio of 2.03, a current ratio of 3.25 and a debt-to-equity ratio of 0.41.

Esterline Technologies (NYSE:ESL) last released its quarterly earnings results on Thursday, November 9th. The aerospace company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.26). Esterline Technologies had a net margin of 5.86% and a return on equity of 7.68%. The firm had revenue of $531.50 million during the quarter, compared to analyst estimates of $540.55 million. During the same period in the prior year, the business earned $1.96 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. equities research analysts forecast that Esterline Technologies Co. will post 3.85 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on ESL shares. SunTrust Banks lowered Esterline Technologies from a “buy” rating to a “hold” rating and set a $106.00 price target on the stock. in a research report on Friday, November 10th. ValuEngine upgraded Esterline Technologies from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Drexel Hamilton lowered Esterline Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Canaccord Genuity reiterated a “hold” rating and set a $78.00 target price on shares of Esterline Technologies in a report on Monday, November 27th. Finally, Zacks Investment Research lowered Esterline Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $85.33.

In related news, Director Delores M. Etter bought 1,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were acquired at an average price of $72.13 per share, with a total value of $72,130.00. Following the completion of the transaction, the director now owns 13,627 shares in the company, valued at $982,915.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nils Larsen bought 1,450 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average cost of $70.51 per share, for a total transaction of $102,239.50. Following the transaction, the director now owns 2,690 shares of the company’s stock, valued at approximately $189,671.90. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 6,800 shares of company stock worth $479,015 and sold 269,911 shares worth $25,692,702. 1.40% of the stock is currently owned by insiders.

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Esterline Technologies 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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Institutional Ownership by Quarter for Esterline Technologies (NYSE:ESL)

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