California State Teachers Retirement System Boosts Position in Esterline Technologies Corporation (ESL)

California State Teachers Retirement System Boosts Position in Esterline Technologies Corporation (ESL)

California State Teachers Retirement System raised its position in shares of Esterline Technologies Corporation (NYSE:ESL) by 0.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,623 shares of the company’s stock after buying an additional 500 shares during the period. California State Teachers Retirement System owned approximately 0.21% of Esterline Technologies Corporation worth $4,762,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. LS Investment Advisors LLC boosted its stake in shares of Esterline Technologies Corporation by 74.6% in the second quarter. LS Investment Advisors LLC now owns 1,814 shares of the company’s stock worth $113,000 after buying an additional 775 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Esterline Technologies Corporation during the second quarter worth approximately $127,000. Public Employees Retirement System of Ohio boosted its stake in shares of Esterline Technologies Corporation by 21.6% in the second quarter. Public Employees Retirement System of Ohio now owns 2,377 shares of the company’s stock worth $147,000 after buying an additional 423 shares during the last quarter. First New York Securities LLC NY acquired a new stake in shares of Esterline Technologies Corporation during the third quarter worth approximately $152,000. Finally, Bank of Montreal Can boosted its stake in shares of Esterline Technologies Corporation by 40.7% in the third quarter. Bank of Montreal Can now owns 2,664 shares of the company’s stock worth $202,000 after buying an additional 770 shares during the last quarter. Institutional investors own 87.27% of the company’s stock.

Esterline Technologies Corporation (NYSE:ESL) traded down 0.46% during mid-day trading on Friday, hitting $86.45. 29,845 shares of the stock traded hands. Esterline Technologies Corporation has a 12 month low of $45.12 and a 12 month high of $94.73. The company’s 50 day moving average is $89.16 and its 200 day moving average is $77.87. The company has a market cap of $2.56 billion, a P/E ratio of 25.30 and a beta of 1.39.

Esterline Technologies Corporation (NYSE:ESL) last announced its quarterly earnings results on Thursday, November 10th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.36. Esterline Technologies Corporation had a net margin of 5.10% and a return on equity of 9.23%. The firm earned $543.80 million during the quarter, compared to analyst estimates of $522.13 million. During the same period in the previous year, the business posted $1.33 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts expect that Esterline Technologies Corporation will post $4.72 earnings per share for the current fiscal year.

A number of brokerages recently commented on ESL. Zacks Investment Research upgraded shares of Esterline Technologies Corporation from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Wednesday, October 5th. Jefferies Group LLC upped their price target on shares of Esterline Technologies Corporation from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, November 11th. SunTrust Banks, Inc. initiated coverage on shares of Esterline Technologies Corporation in a research note on Thursday, January 19th. They issued a “buy” rating and a $106.00 target price on the stock. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $70.00 target price on shares of Esterline Technologies Corporation in a research note on Tuesday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Esterline Technologies Corporation has a consensus rating of “Hold” and a consensus price target of $83.33.

In related news, insider Gary J. Posner sold 2,389 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $92.90, for a total transaction of $221,938.10. Following the completion of the sale, the insider now directly owns 3,187 shares in the company, valued at $296,072.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary J. Posner sold 4,900 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $87.60, for a total transaction of $429,240.00. Following the sale, the insider now owns 4,024 shares of the company’s stock, valued at $352,502.40. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

About Esterline Technologies Corporation

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. It 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).

Related posts

Leave a Comment