Esterline Technologies Co. (NYSE:ESL) CFO Robert David George sold 26,700 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $93.46, for a total transaction of $2,495,382.00. Following the sale, the chief financial officer now directly owns 29,960 shares in the company, valued at approximately $2,800,061.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Robert David George also recently made the following trade(s):

  • On Wednesday, March 15th, Robert David George sold 17,100 shares of Esterline Technologies stock. The stock was sold at an average price of $90.10, for a total transaction of $1,540,710.00.

Shares of Esterline Technologies Co. (NYSE:ESL) traded down 0.11% on Wednesday, hitting $94.00. 127,964 shares of the stock traded hands. Esterline Technologies Co. has a 1-year low of $56.72 and a 1-year high of $96.50. The stock has a market cap of $2.80 billion, a PE ratio of 21.03 and a beta of 1.36. The stock has a 50 day moving average of $89.77 and a 200-day moving average of $88.14.

Esterline Technologies (NYSE:ESL) last released its quarterly earnings results on Thursday, May 4th. The aerospace company reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.29. The company had revenue of $509.20 million for the quarter, compared to analysts’ expectations of $491.74 million. Esterline Technologies had a return on equity of 9.51% and a net margin of 5.61%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share. On average, equities research analysts expect that Esterline Technologies Co. will post $4.96 EPS for the current year.

Insider Buying and Selling by Quarter for Esterline Technologies (NYSE:ESL)

TRADEMARK VIOLATION WARNING: This report was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/05/24/insider-selling-esterline-technologies-co-esl-cfo-sells-26700-shares-of-stock.html.

A number of brokerages have commented on ESL. Zacks Investment Research raised shares of Esterline Technologies from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a report on Monday, May 8th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $92.00 target price on shares of Esterline Technologies in a research note on Thursday, May 18th. Canaccord Genuity reaffirmed a “hold” rating and issued a $90.00 target price on shares of Esterline Technologies in a research note on Friday, May 5th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $106.00 target price (up previously from $96.00) on shares of Esterline Technologies in a research note on Friday, May 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Esterline Technologies currently has a consensus rating of “Buy” and an average price target of $95.33.

Several hedge funds have recently added to or reduced their stakes in ESL. Goldman Sachs Group Inc. boosted its stake in Esterline Technologies by 3.1% in the first quarter. Goldman Sachs Group Inc. now owns 834,615 shares of the aerospace company’s stock valued at $71,819,000 after buying an additional 25,090 shares during the period. Ironwood Investment Management LLC boosted its stake in Esterline Technologies by 1.1% in the first quarter. Ironwood Investment Management LLC now owns 9,075 shares of the aerospace company’s stock valued at $781,000 after buying an additional 95 shares during the period. Westwood Holdings Group Inc. boosted its stake in Esterline Technologies by 1.8% in the first quarter. Westwood Holdings Group Inc. now owns 157,642 shares of the aerospace company’s stock valued at $13,565,000 after buying an additional 2,770 shares during the period. Paloma Partners Management Co purchased a new stake in Esterline Technologies during the first quarter valued at $692,000. Finally, AQR Capital Management LLC boosted its stake in Esterline Technologies by 33.0% in the first quarter. AQR Capital Management LLC now owns 510,732 shares of the aerospace company’s stock valued at $43,948,000 after buying an additional 126,686 shares during the period. Institutional investors own 87.49% of the company’s stock.

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.

12 Month Chart for NYSE:ESL

Receive News & Ratings for Esterline Technologies Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esterline Technologies Co. and related companies with MarketBeat.com's FREE daily email newsletter.