Fiduciary Management Inc. WI raised its holdings in Esterline Technologies Corporation (NYSE:ESL) by 6.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,037,564 shares of the aerospace company’s stock after purchasing an additional 64,608 shares during the quarter. Fiduciary Management Inc. WI owned 3.46% of Esterline Technologies worth $93,536,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Lord Abbett & CO. LLC acquired a new stake in shares of Esterline Technologies in the second quarter valued at $26,478,000. Principal Financial Group Inc. grew its stake in shares of Esterline Technologies by 212.3% in the second quarter. Principal Financial Group Inc. now owns 378,783 shares of the aerospace company’s stock valued at $35,908,000 after buying an additional 257,500 shares in the last quarter. Fisher Asset Management LLC acquired a new stake in shares of Esterline Technologies in the third quarter valued at $18,677,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Esterline Technologies in the third quarter valued at $18,030,000. Finally, Walthausen & Co. LLC acquired a new stake in shares of Esterline Technologies in the second quarter valued at $12,599,000. Institutional investors own 91.26% of the company’s stock.

Several research firms recently commented on ESL. ValuEngine cut Esterline Technologies from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Goldman Sachs Group cut Esterline Technologies from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $86.00 to $75.00 in a research note on Thursday, August 10th. Jefferies Group reissued a “hold” rating and set a $90.00 target price (down from $92.00) on shares of Esterline Technologies in a research note on Wednesday, August 9th. Canaccord Genuity lowered their target price on Esterline Technologies from $92.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, November 10th. Finally, Seaport Global Securities began coverage on Esterline Technologies in a research note on Tuesday, September 12th. They set a “neutral” rating and a $93.00 target price for the company. Two analysts have rated the stock with a sell rating, seven 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 target price of $90.33.

In other Esterline Technologies news, Chairman Curtis C. Reusser acquired 2,900 shares of the stock in a transaction dated Tuesday, November 14th. The stock was acquired at an average cost of $70.00 per share, with a total value of $203,000.00. Following the transaction, the chairman now owns 39,199 shares in the company, valued at approximately $2,743,930. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder J Richard Atwood sold 31,155 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $96.04, for a total value of $2,992,126.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 269,911 shares of company stock valued at $25,692,702. Insiders own 1.40% of the company’s stock.

Esterline Technologies Corporation (NYSE ESL) traded up $0.25 on Wednesday, reaching $70.40. The company had a trading volume of 486,500 shares, compared to its average volume of 167,700. Esterline Technologies Corporation has a 1 year low of $68.30 and a 1 year high of $102.70. The firm has a market cap of $2,103.41, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.50 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.25 and a quick ratio of 2.03.

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

ILLEGAL ACTIVITY NOTICE: This report was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another site, it was stolen and republished in violation of United States & international copyright & trademark law. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/12/06/esterline-technologies-corporation-esl-shares-bought-by-fiduciary-management-inc-wi.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.

Want to see what other hedge funds are holding ESL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Esterline Technologies Corporation (NYSE:ESL).

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.