Prudential Financial Inc. grew its position in Esterline Technologies Corporation (NYSE:ESL) by 22.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 205,438 shares of the aerospace company’s stock after acquiring an additional 37,464 shares during the quarter. Prudential Financial Inc. owned 0.69% of Esterline Technologies Corporation worth $19,476,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Esterline Technologies Corporation by 25,619.9% in the 1st quarter. BlackRock Inc. now owns 3,502,276 shares of the aerospace company’s stock worth $301,371,000 after acquiring an additional 3,488,659 shares during the period. Vanguard Group Inc. lifted its position in shares of Esterline Technologies Corporation by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 2,431,429 shares of the aerospace company’s stock worth $209,225,000 after acquiring an additional 139,687 shares during the period. Alliancebernstein L.P. lifted its position in shares of Esterline Technologies Corporation by 1.9% in the 1st quarter. Alliancebernstein L.P. now owns 1,072,757 shares of the aerospace company’s stock worth $92,311,000 after acquiring an additional 20,087 shares during the period. State Street Corp lifted its position in shares of Esterline Technologies Corporation by 1.0% in the 1st quarter. State Street Corp now owns 1,062,305 shares of the aerospace company’s stock worth $91,411,000 after acquiring an additional 10,443 shares during the period. Finally, Fiduciary Management Inc. WI lifted its position in shares of Esterline Technologies Corporation by 7.0% in the 1st quarter. Fiduciary Management Inc. WI now owns 849,489 shares of the aerospace company’s stock worth $73,099,000 after acquiring an additional 55,725 shares during the period. Institutional investors own 92.66% of the company’s stock.

In related news, major shareholder Hawkeye Fund Fpa sold 7,770 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $96.50, for a total value of $749,805.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by Daily Political and is owned by of Daily Political. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.dailypolitical.com/2017/09/06/prudential-financial-inc-increases-holdings-in-esterline-technologies-corporation-esl.html.

Esterline Technologies Corporation (NYSE:ESL) opened at 85.20 on Wednesday. Esterline Technologies Corporation has a 52-week low of $69.85 and a 52-week high of $102.70. The company’s 50 day moving average price is $89.13 and its 200 day moving average price is $91.10. The company has a market cap of $2.55 billion, a P/E ratio of 18.98 and a beta of 1.45.

Esterline Technologies Corporation (NYSE:ESL) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $1.08 EPS 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 analyst estimates of $522.38 million. Esterline Technologies Corporation had a net margin of 6.65% and a return on equity of 9.18%. Esterline Technologies Corporation’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. Equities research analysts anticipate that Esterline Technologies Corporation will post $4.65 EPS for the current fiscal year.

A number of brokerages have commented on ESL. Goldman Sachs Group, Inc. (The) downgraded Esterline Technologies Corporation from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $86.00 to $75.00 in a research report on Thursday, August 10th. ValuEngine downgraded Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Jefferies Group LLC reiterated a “hold” rating and issued a $90.00 price objective (down previously from $92.00) on shares of Esterline Technologies Corporation in a research report on Wednesday, August 9th. Canaccord Genuity raised their price objective on Esterline Technologies Corporation from $90.00 to $92.00 and gave the stock a “hold” rating in a research report on Friday, August 4th. Finally, Credit Suisse Group reduced their price objective 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Esterline Technologies Corporation has a consensus rating of “Hold” and a consensus price target of $94.17.

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.

Want to see what other hedge funds are holding ESL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Esterline Technologies Corporation (NYSE:ESL).

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

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