IFC Holdings Incorporated FL acquired a new position in Esterline Technologies Corporation (NYSE:ESL) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,266 shares of the aerospace company’s stock, valued at approximately $1,448,000.

A number of other large investors have also recently made changes to their positions in ESL. LS Investment Advisors LLC increased its stake in shares of 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. Teacher Retirement System of Texas purchased a new stake in shares of Esterline Technologies Corporation during the second quarter worth about $202,000. Oakbrook Investments LLC purchased a new stake in shares of Esterline Technologies Corporation during the second quarter worth about $209,000. Invictus RG increased its stake in shares of 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. Finally, Perkins Coie Trust Co increased its stake in shares of 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. Hedge funds and other institutional investors own 90.22% of the company’s stock.

Esterline Technologies Corporation (NYSE:ESL) opened at 86.00 on Friday. The company has a market cap of $2.58 billion, a PE ratio of 19.16 and a beta of 1.43. Esterline Technologies Corporation has a 12-month low of $69.85 and a 12-month high of $102.70. The stock has a 50 day moving average of $94.97 and a 200-day moving average of $91.57.

Esterline Technologies Corporation (NYSE:ESL) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by $0.22. Esterline Technologies Corporation had a return on equity of 9.18% and a net margin of 6.65%. The business had revenue of $503.80 million for the quarter, compared to analysts’ expectations of $522.38 million. During the same period in the previous year, the firm posted $1.38 EPS. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, equities research analysts anticipate that Esterline Technologies Corporation will post $4.65 earnings per share for the current fiscal year.

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A number of equities research analysts have issued reports on the stock. Canaccord Genuity increased their price objective on shares of Esterline Technologies Corporation from $90.00 to $92.00 and gave the stock a “hold” rating in a research note on Friday, August 4th. Jefferies Group LLC reissued a “hold” rating and issued a $90.00 target price (down previously from $92.00) on shares of Esterline Technologies Corporation in a report on Wednesday. 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 report on Thursday. Credit Suisse Group cut shares of Esterline Technologies Corporation from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $106.00 to $100.00 in a report on Friday, August 4th. Finally, BidaskClub raised shares of Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $93.00.

In other news, CFO Robert David George sold 26,700 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was 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 $2,800,061.60. The sale 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 business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $92.61, for a total value of $620,487.00. The disclosure for this sale can be found here. Insiders have sold 41,170 shares of company stock valued at $3,865,674 in the last three months. 1.40% of the stock is owned by 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.

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

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