Fiduciary Management Inc. WI grew its position in shares of Esterline Technologies Corporation (NYSE:ESL) by 14.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 972,956 shares of the aerospace company’s stock after buying an additional 123,467 shares during the quarter. Fiduciary Management Inc. WI owned 3.27% of Esterline Technologies Corporation worth $92,236,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Esterline Technologies Corporation by 11.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,184 shares of the aerospace company’s stock worth $112,000 after buying an additional 120 shares in the last quarter. Pacad Investment Ltd. lifted its position in shares of Esterline Technologies Corporation by 100.0% during the 2nd quarter. Pacad Investment Ltd. now owns 1,800 shares of the aerospace company’s stock worth $171,000 after buying an additional 900 shares in the last quarter. LS Investment Advisors LLC lifted its position in shares of Esterline Technologies Corporation by 2.9% during the 1st 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 in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Esterline Technologies Corporation during the 2nd quarter worth approximately $202,000. Finally, Oakbrook Investments LLC bought a new position in shares of Esterline Technologies Corporation during the 2nd quarter worth approximately $209,000. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Esterline Technologies Corporation (ESL) Holdings Boosted by Fiduciary Management Inc. WI” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/esterline-technologies-corporation-esl-holdings-boosted-by-fiduciary-management-inc-wi/1566745.html.

Esterline Technologies Corporation (NYSE:ESL) remained flat at $85.55 during midday trading on Friday. The company had a trading volume of 837,838 shares. The stock has a market cap of $2.56 billion, a PE ratio of 19.06 and a beta of 1.45. Esterline Technologies Corporation has a 52 week low of $69.85 and a 52 week high of $102.70. The stock’s 50-day moving average is $86.44 and its 200 day moving average is $90.86.

Esterline Technologies Corporation (NYSE:ESL) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.22). The company had revenue of $503.80 million for the quarter, compared to the consensus estimate of $522.38 million. Esterline Technologies Corporation had a net margin of 6.65% and a return on equity of 9.18%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the company earned $1.38 EPS. On average, equities research analysts predict that Esterline Technologies Corporation will post $4.64 earnings per share for the current year.

Several research firms have commented on ESL. Seaport Global Securities began coverage on shares of Esterline Technologies Corporation in a research report on Tuesday. They set a “neutral” rating and a $93.00 target price on the stock. ValuEngine cut shares of Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Goldman Sachs Group, Inc. (The) cut shares of Esterline Technologies Corporation from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $86.00 to $75.00 in a research report on Thursday, August 10th. Jefferies Group LLC reissued a “hold” rating and set a $90.00 target price (down previously from $92.00) on shares of Esterline Technologies Corporation in a research report on Wednesday, August 9th. Finally, Canaccord Genuity lifted their target price on shares of Esterline Technologies Corporation from $90.00 to $92.00 and gave the stock a “hold” rating in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $94.00.

In related news, major shareholder Hawkeye Fund Fpa sold 7,770 shares of the stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $96.50, for a total transaction of $749,805.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is owned by corporate insiders.

About Esterline Technologies Corporation

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.

Institutional Ownership by Quarter for Esterline Technologies Corporation (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.