First Mercantile Trust Co. trimmed its holdings in Esterline Technologies Co. (NYSE:ESL) by 40.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,990 shares of the aerospace company’s stock after selling 1,370 shares during the quarter. First Mercantile Trust Co.’s holdings in Esterline Technologies were worth $149,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Retirement Systems of Alabama boosted its stake in Esterline Technologies by 125.2% in the 3rd quarter. Retirement Systems of Alabama now owns 86,456 shares of the aerospace company’s stock worth $7,794,000 after purchasing an additional 48,073 shares during the period. Fisher Asset Management LLC bought a new position in Esterline Technologies in the 3rd quarter worth approximately $18,677,000. State Street Corp boosted its stake in Esterline Technologies by 1.9% in the 2nd quarter. State Street Corp now owns 1,082,486 shares of the aerospace company’s stock worth $102,617,000 after purchasing an additional 20,181 shares during the period. Lord Abbett & CO. LLC bought a new position in Esterline Technologies in the 2nd quarter worth approximately $26,478,000. Finally, Van Den Berg Management I Inc. boosted its stake in Esterline Technologies by 37.7% in the 3rd quarter. Van Den Berg Management I Inc. now owns 13,836 shares of the aerospace company’s stock worth $1,247,000 after purchasing an additional 3,785 shares during the period. Institutional investors and hedge funds own 93.63% of the company’s stock.

Shares of Esterline Technologies Co. (NYSE ESL) opened at $74.15 on Thursday. Esterline Technologies Co. has a twelve month low of $67.15 and a twelve month high of $102.70. The firm has a market capitalization of $2,108.76, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.55 and a beta of 1.36. The company has a current ratio of 3.46, a quick ratio of 2.11 and a debt-to-equity ratio of 0.43.

Esterline Technologies (NYSE:ESL) last released its quarterly earnings results on Thursday, February 1st. The aerospace company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Esterline Technologies had a return on equity of 6.89% and a net margin of 3.31%. The company had revenue of $482.30 million for the quarter, compared to analyst estimates of $459.38 million. During the same quarter in the prior year, the firm posted $0.82 EPS. Esterline Technologies’s quarterly revenue was up 5.5% compared to the same quarter last year. equities analysts forecast that Esterline Technologies Co. will post 3.81 earnings per share for the current fiscal year.

In other Esterline Technologies news, major shareholder Hawkeye Fund Fpa sold 6,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $75.63, for a total value of $453,780.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Delores M. Etter bought 1,000 shares of Esterline Technologies stock in a transaction on Thursday, December 14th. The stock was acquired at an average price of $72.13 per share, for a total transaction of $72,130.00. Following the purchase, the director now owns 13,627 shares of the company’s stock, valued at $982,915.51. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.

Several research analysts have weighed in on ESL shares. Credit Suisse Group downgraded Esterline Technologies from a “neutral” rating to an “underperform” rating in a research note on Friday, January 12th. SunTrust Banks downgraded Esterline Technologies from a “buy” rating to a “hold” rating and set a $106.00 price target for the company. in a research note on Friday, November 10th. ValuEngine upgraded Esterline Technologies from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Esterline Technologies from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $78.00 target price on shares of Esterline Technologies in a research report on Monday, November 27th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $79.71.

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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.

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

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