Schwab Charles Investment Management Inc. trimmed its position in shares of Esterline Technologies Corporation (NYSE:ESL) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,497 shares of the aerospace company’s stock after selling 2,177 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.65% of Esterline Technologies Corporation worth $18,249,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ESL. Bank of Montreal Can increased its holdings in shares of Esterline Technologies Corporation by 14.3% during the 1st quarter. Bank of Montreal Can now owns 3,132 shares of the aerospace company’s stock valued at $269,000 after purchasing an additional 393 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Esterline Technologies Corporation by 2.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 17,356 shares of the aerospace company’s stock valued at $1,492,000 after purchasing an additional 479 shares in the last quarter. State Treasurer State of Michigan increased its holdings in shares of Esterline Technologies Corporation by 2.5% during the 1st quarter. State Treasurer State of Michigan now owns 12,100 shares of the aerospace company’s stock valued at $1,041,000 after purchasing an additional 300 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Esterline Technologies Corporation by 49.1% during the 1st quarter. First Trust Advisors LP now owns 24,129 shares of the aerospace company’s stock valued at $2,076,000 after purchasing an additional 7,944 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Esterline Technologies Corporation by 5.5% during the 1st quarter. Bank of New York Mellon Corp now owns 358,539 shares of the aerospace company’s stock valued at $30,852,000 after purchasing an additional 18,641 shares in the last quarter. 92.18% of the stock is owned by hedge funds and other institutional investors.

Shares of Esterline Technologies Corporation (NYSE ESL) opened at 89.20 on Friday. The firm has a market cap of $2.67 billion, a PE ratio of 19.88 and a beta of 1.45. Esterline Technologies Corporation has a 1-year low of $69.85 and a 1-year high of $102.70. The company has a 50-day moving average of $85.92 and a 200-day moving average of $90.88.

Esterline Technologies Corporation (NYSE:ESL) last released its quarterly earnings data 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 business had revenue of $503.80 million during the quarter, compared to analysts’ expectations 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 was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS. Analysts predict that Esterline Technologies Corporation will post $4.64 earnings per share for the current fiscal year.

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Several research firms have recently weighed in on ESL. Seaport Global Securities began coverage on shares of Esterline Technologies Corporation in a report on Tuesday, September 12th. They set a “neutral” rating and a $93.00 target price for the company. ValuEngine lowered shares of Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Goldman Sachs Group, Inc. (The) lowered shares of Esterline Technologies Corporation from a “neutral” rating to a “sell” rating and cut their target price for the company from $86.00 to $75.00 in a report on Thursday, August 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $90.00 target price (down from $92.00) on shares of Esterline Technologies Corporation in a report on Wednesday, August 9th. Finally, Canaccord Genuity lifted their target price on shares of Esterline Technologies Corporation from $90.00 to $92.00 and gave the company a “hold” rating in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $94.00.

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.

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

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