Janney Capital Management LLC Has $428,000 Position in Esterline Technologies Corporation (NYSE:ESL)

Janney Capital Management LLC boosted its position in Esterline Technologies Corporation (NYSE:ESL) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,515 shares of the aerospace company’s stock after buying an additional 15 shares during the period. Janney Capital Management LLC’s holdings in Esterline Technologies Corporation were worth $428,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its position in Esterline Technologies Corporation by 9.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,080 shares of the aerospace company’s stock valued at $453,000 after buying an additional 450 shares during the period. Macquarie Group Ltd. raised its stake in Esterline Technologies Corporation by 7.6% in the fourth quarter. Macquarie Group Ltd. now owns 128,949 shares of the aerospace company’s stock valued at $11,502,000 after buying an additional 9,149 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Esterline Technologies Corporation by 2.1% in the first quarter. Ameriprise Financial Inc. now owns 124,273 shares of the aerospace company’s stock valued at $10,693,000 after buying an additional 2,501 shares in the last quarter. Chicago Equity Partners LLC purchased a new stake in Esterline Technologies Corporation during the first quarter valued at about $2,256,000. Finally, Comerica Bank raised its stake in Esterline Technologies Corporation by 21.6% in the first quarter. Comerica Bank now owns 89,312 shares of the aerospace company’s stock valued at $8,261,000 after buying an additional 15,836 shares in the last quarter. Hedge funds and other institutional investors own 90.85% of the company’s stock.

Shares of Esterline Technologies Corporation (ESL) opened at 82.10 on Friday. Esterline Technologies Corporation has a 52 week low of $69.55 and a 52 week high of $102.70. The company has a 50-day moving average price of $93.53 and a 200 day moving average price of $91.49. The stock has a market capitalization of $2.46 billion, a P/E ratio of 18.29 and a beta of 1.43.

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 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 business had revenue of $503.80 million for the quarter, compared to the consensus estimate of $522.38 million. During the same period in the previous year, the firm earned $1.38 EPS. The company’s revenue was down 2.6% compared to the same quarter last year. Analysts forecast that Esterline Technologies Corporation will post $4.65 earnings per share for the current fiscal year.

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Several research firms recently issued reports on ESL. ValuEngine lowered Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Friday. Canaccord Genuity reaffirmed a “hold” rating and issued a $90.00 target price on shares of Esterline Technologies Corporation in a research report on Monday, May 15th. Zacks Investment Research lowered Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $90.00 target price (down from $92.00) on shares of Esterline Technologies Corporation in a research report on Wednesday, August 9th. Finally, Goldman Sachs Group, Inc. (The) cut 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $94.17.

In other Esterline Technologies Corporation news, CFO Robert David George sold 26,700 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $93.46, for a total transaction of $2,495,382.00. Following the sale, the chief financial officer now owns 29,960 shares of the company’s stock, valued at approximately $2,800,061.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Hawkeye Fund Fpa sold 7,770 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $96.50, for a total transaction of $749,805.00. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

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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