Dimensional Fund Advisors LP reduced its position in Esterline Technologies Corporation (NYSE:ESL) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,499,253 shares of the aerospace company’s stock after selling 8,568 shares during the period. Dimensional Fund Advisors LP owned about 8.39% of Esterline Technologies Corporation worth $236,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chicago Equity Partners LLC lifted its stake in shares of Esterline Technologies Corporation by 46.3% in the 2nd quarter. Chicago Equity Partners LLC now owns 38,340 shares of the aerospace company’s stock valued at $3,635,000 after purchasing an additional 12,125 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Esterline Technologies Corporation by 2.1% in the 1st quarter. Ameriprise Financial Inc. now owns 124,273 shares of the aerospace company’s stock valued at $10,693,000 after purchasing an additional 2,501 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of Esterline Technologies Corporation by 10.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 5,600 shares of the aerospace company’s stock valued at $482,000 after purchasing an additional 520 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Esterline Technologies Corporation by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 373,946 shares of the aerospace company’s stock valued at $35,449,000 after purchasing an additional 15,407 shares during the period. Finally, Perkins Coie Trust Co lifted its stake in shares of Esterline Technologies Corporation by 7.9% in the 2nd quarter. Perkins Coie Trust Co now owns 2,729 shares of the aerospace company’s stock valued at $259,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 92.18% of the company’s stock.

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

Esterline Technologies Corporation (NYSE:ESL) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $503.80 million during the quarter, compared to analysts’ expectations of $522.38 million. During the same quarter last year, the business earned $1.38 earnings per share. The business’s quarterly revenue was down 2.6% on a year-over-year basis.

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Esterline Technologies Corporation 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.

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

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