ProShare Advisors LLC lessened its stake in Esterline Technologies Corporation (NYSE:ESL) by 25.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,555 shares of the aerospace company’s stock after selling 1,553 shares during the period. ProShare Advisors LLC’s holdings in Esterline Technologies Corporation were worth $432,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ESL. Great West Life Assurance Co. Can increased its stake in Esterline Technologies Corporation by 2.8% during the first quarter. Great West Life Assurance Co. Can now owns 17,356 shares of the aerospace company’s stock valued at $1,492,000 after purchasing an additional 479 shares during the last quarter. First Trust Advisors LP grew its position in shares of Esterline Technologies Corporation by 49.1% during the first quarter. First Trust Advisors LP now owns 24,129 shares of the aerospace company’s stock worth $2,076,000 after acquiring an additional 7,944 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Esterline Technologies Corporation by 5.5% during the first quarter. Bank of New York Mellon Corp now owns 358,539 shares of the aerospace company’s stock worth $30,852,000 after acquiring an additional 18,641 shares during the last quarter. Swiss National Bank grew its position in shares of Esterline Technologies Corporation by 1.1% during the first quarter. Swiss National Bank now owns 46,400 shares of the aerospace company’s stock worth $3,993,000 after acquiring an additional 500 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Esterline Technologies Corporation during the first quarter worth about $387,000. Institutional investors and hedge funds own 92.18% of the company’s stock.

Esterline Technologies Corporation (NYSE ESL) opened at 93.00 on Friday. Esterline Technologies Corporation has a 12 month low of $69.85 and a 12 month high of $102.70. The company has a market capitalization of $2.79 billion, a PE ratio of 20.72 and a beta of 1.49. The company has a 50-day moving average price of $87.18 and a 200 day moving average price of $91.14.

Esterline Technologies Corporation (NYSE:ESL) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 net margin of 6.65% and a return on equity of 9.18%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.38 earnings per share. On average, equities research analysts forecast that Esterline Technologies Corporation will post $4.64 EPS for the current fiscal year.

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ESL has been the subject of several recent research reports. Jefferies Group LLC restated a “hold” rating and set a $92.00 price target on shares of Esterline Technologies Corporation in a research report on Tuesday, July 25th. BidaskClub raised shares of Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine downgraded shares of Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Canaccord Genuity upped their price target on shares of Esterline Technologies Corporation from $90.00 to $92.00 and gave the company a “hold” rating in a report on Friday, August 4th. Finally, Seaport Global Securities started coverage on shares of Esterline Technologies Corporation in a research note on Tuesday, September 12th. They set a “neutral” rating and a $93.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $92.67.

In related news, major shareholder Hawkeye Fund Fpa sold 7,621 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $91.04, for a total value of $693,815.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

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.

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

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