Mesirow Financial Investment Management Equity Management lowered its position in shares of Esterline Technologies Corporation (NYSE:ESL) by 12.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 217,909 shares of the aerospace company’s stock after selling 31,770 shares during the period. Esterline Technologies Corporation makes up approximately 1.4% of Mesirow Financial Investment Management Equity Management’s holdings, making the stock its 25th largest position. Mesirow Financial Investment Management Equity Management owned about 0.73% of Esterline Technologies Corporation worth $20,658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ESL. State Treasurer State of Michigan increased its position in Esterline Technologies Corporation by 2.5% in the first quarter. State Treasurer State of Michigan now owns 12,100 shares of the aerospace company’s stock worth $1,041,000 after buying an additional 300 shares in the last quarter. Prescott Group Capital Management L.L.C. increased its stake in shares of Esterline Technologies Corporation by 56.3% in the first quarter. Prescott Group Capital Management L.L.C. now owns 25,000 shares of the aerospace company’s stock worth $2,151,000 after buying an additional 9,000 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Esterline Technologies Corporation by 2.8% in the first quarter. Great West Life Assurance Co. Can now owns 17,356 shares of the aerospace company’s stock worth $1,492,000 after buying an additional 479 shares in the last quarter. Adams Diversified Equity Fund Inc. increased its stake in shares of Esterline Technologies Corporation by 3.1% in the first quarter. Adams Diversified Equity Fund Inc. now owns 13,300 shares of the aerospace company’s stock worth $1,144,000 after buying an additional 400 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Esterline Technologies Corporation by 1.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 10,279 shares of the aerospace company’s stock worth $885,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 90.22% of the company’s stock.

Shares of Esterline Technologies Corporation (NYSE ESL) opened at 84.50 on Tuesday. The company has a market capitalization of $2.52 billion, a P/E ratio of 18.91 and a beta of 1.43. Esterline Technologies Corporation has a 12 month low of $64.99 and a 12 month high of $102.70. The company has a 50-day moving average price of $97.02 and a 200-day moving average price of $91.51.

Esterline Technologies Corporation (NYSE:ESL) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by $0.22. The company had revenue of $503.80 million during the quarter, compared to analysts’ expectations of $522.38 million. Esterline Technologies Corporation had a net margin of 6.65% and a return on equity of 9.18%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.38 earnings per share. On average, analysts forecast that Esterline Technologies Corporation will post $4.74 EPS for the current fiscal year.

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A number of analysts recently issued reports on ESL shares. BidaskClub downgraded Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Canaccord Genuity restated a “hold” rating and issued a $90.00 price target on shares of Esterline Technologies Corporation in a research report on Friday, May 5th. Jefferies Group LLC restated a “hold” rating and issued a $92.00 price target on shares of Esterline Technologies Corporation in a research report on Thursday, May 18th. Credit Suisse Group lowered their price target on Esterline Technologies Corporation from $106.00 to $96.00 and set an “outperform” rating for the company in a research report on Monday, May 15th. Finally, Zacks Investment Research upgraded Esterline Technologies Corporation from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research report on Monday, May 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $95.67.

In other news, EVP Albert S. Yost sold 6,700 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $92.61, for a total value of $620,487.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert David George sold 26,700 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $93.46, for a total value of $2,495,382.00. Following the completion of the transaction, the chief financial officer now directly owns 29,960 shares in the company, valued at approximately $2,800,061.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,170 shares of company stock valued at $3,865,674. 1.40% of the stock is owned by company insiders.

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.

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Institutional Ownership by Quarter for Esterline Technologies Corporation (NYSE:ESL)

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