TIAA CREF Investment Management LLC cut its holdings in Esterline Technologies Corporation (NYSE:ESL) by 8.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,329 shares of the aerospace company’s stock after selling 9,499 shares during the period. TIAA CREF Investment Management LLC owned about 0.37% of Esterline Technologies Corporation worth $10,364,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Esterline Technologies Corporation by 25,619.9% in the 1st quarter. BlackRock Inc. now owns 3,502,276 shares of the aerospace company’s stock worth $301,371,000 after buying an additional 3,488,659 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Esterline Technologies Corporation by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 2,431,429 shares of the aerospace company’s stock worth $209,225,000 after buying an additional 139,687 shares during the last quarter. State Street Corp increased its holdings in shares of Esterline Technologies Corporation by 1.0% in the 1st quarter. State Street Corp now owns 1,062,305 shares of the aerospace company’s stock worth $91,411,000 after buying an additional 10,443 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Esterline Technologies Corporation by 3.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 834,615 shares of the aerospace company’s stock worth $71,819,000 after buying an additional 25,090 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Esterline Technologies Corporation by 4.1% in the 2nd quarter. Franklin Resources Inc. now owns 570,700 shares of the aerospace company’s stock worth $54,102,000 after buying an additional 22,700 shares during the last quarter. Hedge funds and other institutional investors own 92.18% of the company’s stock.

A number of analysts have recently weighed in on ESL shares. Seaport Global Securities started coverage on shares of Esterline Technologies Corporation in a report on Tuesday, September 12th. They issued a “neutral” rating and a $93.00 target price on the stock. Canaccord Genuity boosted their target price on shares of Esterline Technologies Corporation from $90.00 to $92.00 and gave the stock a “hold” rating in a report on Friday, August 4th. ValuEngine downgraded shares of Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Goldman Sachs Group, Inc. (The) downgraded shares of Esterline Technologies Corporation from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $86.00 to $75.00 in a report on Thursday, August 10th. Finally, BidaskClub downgraded shares of Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. 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 has a consensus rating of “Hold” and a consensus target price of $92.67.

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Esterline Technologies Corporation (NYSE:ESL) opened at 93.50 on Friday. The company has a market capitalization of $2.80 billion, a P/E ratio of 20.83 and a beta of 1.49. Esterline Technologies Corporation has a one year low of $69.85 and a one year high of $102.70. The company’s 50-day moving average is $86.91 and its 200 day moving average is $91.12.

Esterline Technologies Corporation (NYSE:ESL) last released its quarterly earnings data 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). Esterline Technologies Corporation had a return on equity of 9.18% and a net margin of 6.65%. The firm had revenue of $503.80 million for the quarter, compared to analyst estimates of $522.38 million. During the same quarter in the previous year, the business posted $1.38 earnings per share. Esterline Technologies Corporation’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, equities analysts anticipate that Esterline Technologies Corporation will post $4.64 earnings per share for the current year.

In related news, major shareholder Hawkeye Fund Fpa sold 7,621 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $91.04, for a total transaction of $693,815.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Esterline Technologies Corporation 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 Corporation (NYSE:ESL)

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