Esterline Technologies Corp. (NYSE:ESL) shares traded up 5% during mid-day trading on Monday . The stock traded as high as $74.75 and last traded at $74.11, with a volume of 570,015 shares traded. The stock had previously closed at $70.55.

Several research analysts have issued reports on the stock. Jefferies Group reissued a “buy” rating and set a $87.00 price objective on shares of Esterline Technologies Corp. in a research report on Friday, August 5th. Canaccord Genuity reissued a “hold” rating and set a $75.00 price objective on shares of Esterline Technologies Corp. in a research report on Wednesday, May 11th. Zacks Investment Research raised shares of Esterline Technologies Corp. from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Monday, May 9th. Goldman Sachs Group Inc. lowered their price objective on shares of Esterline Technologies Corp. from $62.00 to $61.00 and set a “neutral” rating on the stock in a research report on Monday, May 9th. Finally, Drexel Hamilton raised shares of Esterline Technologies Corp. from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Monday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $82.25.

The company’s 50 day moving average is $63.14 and its 200 day moving average is $64.09. The company has a market capitalization of $2.17 billion and a PE ratio of 45.62.

Esterline Technologies Corp. (NYSE:ESL) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.10. The firm earned $517.10 million during the quarter, compared to the consensus estimate of $490.37 million. The business’s revenue was up 6.7% on a year-over-year basis. On average, equities analysts forecast that Esterline Technologies Corp. will post $4.50 EPS for the current fiscal year.

In related news, major shareholder Select Drawdown Fund L.P. Fpa bought 5,340 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was purchased at an average cost of $59.83 per share, for a total transaction of $319,492.20. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Robert David George sold 20,800 shares of the company’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $67.06, for a total value of $1,394,848.00. Following the sale, the chief financial officer now owns 16,278 shares of the company’s stock, valued at $1,091,602.68. The disclosure for this sale can be found here.

Other hedge funds have made changes to their positions in the company. I.G. Investment Management LTD. increased its stake in shares of Esterline Technologies Corp. by 19.9% in the fourth quarter. I.G. Investment Management LTD. now owns 19,300 shares of the company’s stock valued at $1,563,000 after buying an additional 3,200 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Esterline Technologies Corp. during the fourth quarter valued at $9,383,000. Principal Financial Group Inc. increased its stake in shares of Esterline Technologies Corp. by 1.7% in the fourth quarter. Principal Financial Group Inc. now owns 195,651 shares of the company’s stock valued at $15,848,000 after buying an additional 3,251 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Esterline Technologies Corp. by 13.7% in the fourth quarter. Wells Fargo & Company MN now owns 298,554 shares of the company’s stock valued at $24,183,000 after buying an additional 35,875 shares in the last quarter.

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.

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