Dimensional Fund Advisors LP Boosts Holdings in Esterline Technologies Co. (ESL)

Dimensional Fund Advisors LP raised its stake in Esterline Technologies Co. (NYSE:ESL) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,510,338 shares of the aerospace company’s stock after buying an additional 11,085 shares during the period. Dimensional Fund Advisors LP owned approximately 8.37% of Esterline Technologies worth $226,308,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in ESL. Lord Abbett & CO. LLC acquired a new stake in Esterline Technologies during the 2nd quarter valued at $26,478,000. Principal Financial Group Inc. raised its stake in Esterline Technologies by 212.3% during the 2nd quarter. Principal Financial Group Inc. now owns 378,783 shares of the aerospace company’s stock valued at $35,908,000 after purchasing an additional 257,500 shares during the period. Fisher Asset Management LLC acquired a new stake in Esterline Technologies during the 3rd quarter valued at $18,677,000. State of New Jersey Common Pension Fund D acquired a new stake in Esterline Technologies during the 3rd quarter valued at $18,030,000. Finally, Walthausen & Co. LLC acquired a new stake in Esterline Technologies during the 2nd quarter valued at $12,599,000. 91.26% of the stock is currently owned by institutional investors.

Several analysts have issued reports on the stock. ValuEngine downgraded shares of Esterline Technologies from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Seaport Global Securities assumed coverage on shares of Esterline Technologies in a research note on Tuesday, September 12th. They set a “neutral” rating and a $93.00 target price on the stock. Canaccord Genuity reissued a “hold” rating and set a $78.00 target price on shares of Esterline Technologies in a research note on Monday, November 27th. Zacks Investment Research raised shares of Esterline Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, SunTrust Banks restated a “buy” rating on shares of Esterline Technologies in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $90.33.

In related news, major shareholder Hawkeye Fund Fpa sold 7,621 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $91.04, for a total value of $693,815.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nils Larsen acquired 1,450 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was acquired at an average price of $70.10 per share, with a total value of $101,645.00. Following the completion of the acquisition, the director now directly owns 4,140 shares of the company’s stock, valued at approximately $290,214. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 5,800 shares of company stock worth $406,885 and have sold 269,911 shares worth $25,692,702. Insiders own 1.40% of the company’s stock.

Esterline Technologies Co. (NYSE:ESL) opened at $69.85 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.03 and a current ratio of 3.25. Esterline Technologies Co. has a fifty-two week low of $68.30 and a fifty-two week high of $102.70. The company has a market cap of $2,094.41, a price-to-earnings ratio of 15.98, a PEG ratio of 1.49 and a beta of 1.43.

Esterline Technologies (NYSE:ESL) last posted its quarterly earnings results on Thursday, November 9th. The aerospace company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.26). Esterline Technologies had a net margin of 5.86% and a return on equity of 7.68%. The company had revenue of $531.50 million for the quarter, compared to analysts’ expectations of $540.55 million. During the same quarter in the prior year, the firm earned $1.96 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. sell-side analysts predict that Esterline Technologies Co. will post 3.85 earnings per share for the current year.

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Esterline Technologies 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 (NYSE:ESL)

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