Esterline Technologies Corporation (NYSE:ESL) major shareholder J Richard Atwood sold 48,225 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $95.11, for a total value of $4,586,679.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

J Richard Atwood also recently made the following trade(s):

  • On Friday, October 27th, J Richard Atwood sold 31,155 shares of Esterline Technologies Corporation stock. The shares were sold at an average price of $96.04, for a total value of $2,992,126.20.

Esterline Technologies Corporation (NYSE:ESL) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.22). Esterline Technologies Corporation had a net margin of 6.65% and a return on equity of 9.18%. The business had revenue of $503.80 million during the quarter, compared to analyst estimates of $522.38 million. During the same period in the previous year, the company earned $1.38 earnings per share. The business’s revenue for the quarter was down 2.6% on a year-over-year basis.

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Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in Esterline Technologies Corporation by 13.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,092 shares of the aerospace company’s stock worth $104,000 after buying an additional 133 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Esterline Technologies Corporation by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,184 shares of the aerospace company’s stock worth $112,000 after purchasing an additional 120 shares in the last quarter. Flinton Capital Management LLC grew its stake in shares of Esterline Technologies Corporation by 57.4% in the second quarter. Flinton Capital Management LLC now owns 1,360 shares of the aerospace company’s stock worth $129,000 after purchasing an additional 496 shares in the last quarter. Pacad Investment Ltd. grew its stake in shares of Esterline Technologies Corporation by 100.0% in the second quarter. Pacad Investment Ltd. now owns 1,800 shares of the aerospace company’s stock worth $171,000 after purchasing an additional 900 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Esterline Technologies Corporation in the second quarter worth $202,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Several equities research analysts have weighed in on the company. BidaskClub upgraded Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Canaccord Genuity increased their price objective on Esterline Technologies Corporation from $90.00 to $92.00 and gave the company a “hold” rating in a report on Friday, August 4th. Credit Suisse Group downgraded Esterline Technologies Corporation from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $106.00 to $100.00 in a report on Friday, August 4th. Jefferies Group LLC restated a “hold” rating and issued a $92.00 price objective on shares of Esterline Technologies Corporation in a report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $92.67.

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. 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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