Esterline Technologies Corporation (NYSE:ESL) major shareholder J Richard Atwood sold 31,155 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $96.04, for a total value of $2,992,126.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Esterline Technologies Corporation (NYSE ESL) traded up 0.32% during trading on Monday, reaching $94.55. The company’s stock had a trading volume of 126,556 shares. The stock’s 50 day moving average is $91.55 and its 200 day moving average is $92.16. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 21.07 and a beta of 1.49. Esterline Technologies Corporation has a 12 month low of $69.85 and a 12 month high of $102.70.

Esterline Technologies Corporation (NYSE:ESL) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.22). The firm had revenue of $503.80 million during the quarter, compared to the consensus estimate of $522.38 million. Esterline Technologies Corporation had a return on equity of 9.18% and a net margin of 6.65%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.38 EPS. On average, equities analysts expect that Esterline Technologies Corporation will post $4.64 EPS for the current fiscal year.

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Several analysts have issued reports on ESL shares. SunTrust Banks, Inc. restated a “buy” rating on shares of Esterline Technologies Corporation in a research note on Thursday, October 12th. Canaccord Genuity restated a “hold” rating on shares of Esterline Technologies Corporation in a research note on Friday, October 13th. ValuEngine lowered Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded Esterline Technologies Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $92.00 target price on shares of Esterline Technologies Corporation in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $92.67.

Institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its holdings in shares of Esterline Technologies Corporation by 1.0% in the second quarter. Great West Life Assurance Co. Can now owns 17,528 shares of the aerospace company’s stock worth $1,661,000 after purchasing an additional 172 shares during the period. Chicago Equity Partners LLC increased its holdings in shares of Esterline Technologies Corporation by 46.3% in the second quarter. Chicago Equity Partners LLC now owns 38,340 shares of the aerospace company’s stock worth $3,635,000 after purchasing an additional 12,125 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Esterline Technologies Corporation by 12.0% in the second quarter. Goldman Sachs Group Inc. now owns 935,158 shares of the aerospace company’s stock worth $88,653,000 after purchasing an additional 100,543 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Esterline Technologies Corporation by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 373,946 shares of the aerospace company’s stock worth $35,449,000 after purchasing an additional 15,407 shares during the period. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Esterline Technologies Corporation by 10.2% in the first quarter. Thrivent Financial For Lutherans now owns 5,600 shares of the aerospace company’s stock worth $482,000 after purchasing an additional 520 shares during the period. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Esterline Technologies Corporation 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.

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

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