LMR Partners LLP boosted its stake in shares of Esterline Technologies Corporation (NYSE:ESL) by 11.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,561 shares of the aerospace company’s stock after purchasing an additional 1,046 shares during the period. LMR Partners LLP’s holdings in Esterline Technologies were worth $952,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Janney Capital Management LLC lifted its position in Esterline Technologies by 0.3% during the second quarter. Janney Capital Management LLC now owns 4,515 shares of the aerospace company’s stock valued at $428,000 after purchasing an additional 15 shares in the last quarter. Stephens Inc. AR lifted its position in shares of Esterline Technologies by 0.4% in the second quarter. Stephens Inc. AR now owns 3,490 shares of the aerospace company’s stock valued at $331,000 after acquiring an additional 15 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Esterline Technologies by 0.7% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 14,431 shares of the aerospace company’s stock valued at $1,368,000 after acquiring an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Esterline Technologies by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,184 shares of the aerospace company’s stock valued at $112,000 after acquiring an additional 120 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Esterline Technologies by 13.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,092 shares of the aerospace company’s stock valued at $104,000 after acquiring an additional 133 shares in the last quarter. Institutional investors own 91.92% of the company’s stock.

In related news, Director Nils Larsen acquired 1,450 shares of Esterline Technologies stock in a transaction on Tuesday, November 14th. The shares were bought at an average cost of $70.51 per share, with a total value of $102,239.50. Following the completion of the purchase, the director now directly owns 2,690 shares of the company’s stock, valued at approximately $189,671.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Curtis C. Reusser acquired 2,900 shares of Esterline Technologies stock in a transaction on Tuesday, November 14th. The shares were bought at an average cost of $70.00 per share, for a total transaction of $203,000.00. Following the completion of the purchase, the chairman now directly owns 39,199 shares of the company’s stock, valued at $2,743,930. The disclosure for this purchase can be found here. Insiders have sold 269,911 shares of company stock worth $25,692,702 over the last three months. 1.40% of the stock is currently owned by insiders.

Several brokerages have recently commented on ESL. ValuEngine downgraded Esterline Technologies from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Goldman Sachs Group Inc downgraded Esterline Technologies from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $86.00 to $75.00 in a research report on Thursday, August 10th. Jefferies Group LLC restated a “hold” rating and issued a $90.00 price objective (down from $92.00) on shares of Esterline Technologies in a research report on Wednesday, August 9th. Seaport Global Securities began coverage on Esterline Technologies in a research report on Tuesday, September 12th. They issued a “neutral” rating and a $93.00 price objective on the stock. Finally, Canaccord Genuity boosted their price objective on Esterline Technologies from $90.00 to $92.00 and gave the company a “hold” rating in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Esterline Technologies has an average rating of “Hold” and a consensus price target of $92.33.

Shares of Esterline Technologies Corporation (NYSE:ESL) opened at $71.60 on Friday. Esterline Technologies Corporation has a twelve month low of $69.10 and a twelve month high of $102.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.25 and a quick ratio of 2.03. The stock has a market capitalization of $2,146.85, a PE ratio of 16.38, a PEG ratio of 1.53 and a beta of 1.54.

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

TRADEMARK VIOLATION WARNING: “LMR Partners LLP Has $952,000 Position in Esterline Technologies Corporation (ESL)” was reported by Watch List News and is owned by of Watch List News. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at https://www.watchlistnews.com/lmr-partners-llp-has-952000-position-in-esterline-technologies-corporation-esl/1727296.html.

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.

Institutional Ownership by Quarter for Esterline Technologies (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.