American Century Companies Inc. lifted its stake in shares of Esterline Technologies Co. (NYSE:ESL) by 8.1% in the 3rd quarter, Holdings Channel reports. The firm owned 266,619 shares of the aerospace company’s stock after buying an additional 20,017 shares during the quarter. American Century Companies Inc.’s holdings in Esterline Technologies were worth $24,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in ESL. Wells Fargo & Company MN raised its stake in shares of Esterline Technologies by 399.8% during the third quarter. Wells Fargo & Company MN now owns 683,903 shares of the aerospace company’s stock worth $62,201,000 after purchasing an additional 547,080 shares during the last quarter. Bank of New York Mellon Corp raised its position in Esterline Technologies by 11.2% in the second quarter. Bank of New York Mellon Corp now owns 676,782 shares of the aerospace company’s stock worth $49,947,000 after acquiring an additional 67,892 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Esterline Technologies in the second quarter worth $4,733,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in Esterline Technologies in the second quarter worth $3,395,000. Finally, Segall Bryant & Hamill LLC raised its position in Esterline Technologies by 41.1% in the second quarter. Segall Bryant & Hamill LLC now owns 146,014 shares of the aerospace company’s stock worth $10,776,000 after acquiring an additional 42,549 shares in the last quarter. Institutional investors and hedge funds own 95.29% of the company’s stock.

In other news, major shareholder Pacific Advisors Lp First sold 99,629 shares of the firm’s stock in a transaction on Thursday, October 25th. The stock was sold at an average price of $117.45, for a total value of $11,701,426.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Fpa Funds Trust sold 110,935 shares of the firm’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $117.52, for a total value of $13,037,081.20. The disclosure for this sale can be found here. Insiders sold 213,986 shares of company stock valued at $25,140,045 in the last quarter. 1.30% of the stock is currently owned by company insiders.

Several research analysts have issued reports on the company. Credit Suisse Group upgraded Esterline Technologies from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $66.00 to $122.50 in a research report on Thursday, October 11th. TheStreet upgraded Esterline Technologies from a “c” rating to a “b-” rating in a research report on Monday, July 30th. Zacks Investment Research upgraded Esterline Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday. Canaccord Genuity increased their price objective on Esterline Technologies from $76.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, August 3rd. Finally, Wells Fargo & Co reiterated a “market perform” rating and issued a $95.00 price objective (up previously from $84.00) on shares of Esterline Technologies in a research report on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Esterline Technologies presently has an average rating of “Hold” and an average target price of $88.94.

NYSE:ESL opened at $117.40 on Friday. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 2.19 and a beta of 0.65. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.39 and a quick ratio of 2.12. Esterline Technologies Co. has a 1 year low of $67.15 and a 1 year high of $119.07.

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About Esterline Technologies

Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems primarily for aerospace and defense customers in the United States and internationally. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. The Avionics & Controls segment offers global positioning systems, head-up displays, enhanced vision systems, and electronic flight management systems for control and display applications; lighted push-button and rotary switches, keyboards, lighted indicators, panels, and displays; and control sticks, grips, wheels, and switching systems.

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

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