Esterline Technologies Co. (ESL) Major Shareholder Pacific Advisors Lp First Sells 99,629 Shares of Stock

Esterline Technologies Co. (NYSE:ESL) major shareholder Pacific Advisors Lp First sold 99,629 shares of the stock in a transaction on Thursday, October 25th. The shares were sold at an average price of $117.45, for a total value of $11,701,426.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Pacific Advisors Lp First also recently made the following trade(s):

  • On Tuesday, October 23rd, Pacific Advisors Lp First sold 3,422 shares of Esterline Technologies stock. The shares were sold at an average price of $117.34, for a total value of $401,537.48.

ESL stock opened at $117.42 on Friday. Esterline Technologies Co. has a 12-month low of $67.15 and a 12-month high of $119.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.39 and a quick ratio of 2.12. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 2.21 and a beta of 1.21.



Esterline Technologies (NYSE:ESL) last announced its quarterly earnings data on Thursday, August 2nd. The aerospace company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.15. Esterline Technologies had a return on equity of 5.91% and a net margin of 2.62%. The business had revenue of $499.90 million during the quarter, compared to analyst estimates of $476.01 million. During the same period last year, the company earned $1.08 earnings per share. Esterline Technologies’s quarterly revenue was down .8% compared to the same quarter last year. On average, research analysts expect that Esterline Technologies Co. will post 3.73 earnings per share for the current fiscal year.

ESL has been the subject of a number of research analyst reports. Zacks Investment Research lowered Esterline Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. Wells Fargo & Co reissued a “market perform” rating and issued a $95.00 price objective (up from $84.00) on shares of Esterline Technologies in a research note on Monday, July 23rd. TheStreet raised Esterline Technologies from a “c” rating to a “b-” rating in a research note on Monday, July 30th. Jefferies Financial Group reissued a “hold” rating and issued a $92.00 price objective on shares of Esterline Technologies in a research note on Friday, August 3rd. Finally, Canaccord Genuity increased their price objective on Esterline Technologies from $76.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, August 3rd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Esterline Technologies has a consensus rating of “Hold” and a consensus price target of $88.94.

Several large investors have recently made changes to their positions in ESL. Russell Investments Group Ltd. raised its stake in shares of Esterline Technologies by 45.7% during the 1st quarter. Russell Investments Group Ltd. now owns 39,440 shares of the aerospace company’s stock worth $2,885,000 after purchasing an additional 12,370 shares in the last quarter. Sei Investments Co. raised its position in Esterline Technologies by 9.7% during the first quarter. Sei Investments Co. now owns 12,503 shares of the aerospace company’s stock valued at $914,000 after acquiring an additional 1,101 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Esterline Technologies by 54.9% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 5,352 shares of the aerospace company’s stock valued at $391,000 after acquiring an additional 1,896 shares in the last quarter. UBS Group AG raised its position in Esterline Technologies by 213.2% during the first quarter. UBS Group AG now owns 39,985 shares of the aerospace company’s stock valued at $2,925,000 after acquiring an additional 27,219 shares in the last quarter. Finally, A.R.T. Advisors LLC bought a new position in Esterline Technologies during the first quarter valued at approximately $435,000. Institutional investors and hedge funds own 93.88% of the company’s stock.

Esterline Technologies Company Profile

Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems primarily for aerospace and defense customers in the United States and internationally. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. The Avionics & Controls segment offers global positioning systems, head-up displays, enhanced vision systems, and electronic flight management systems for control and display applications; lighted push-button and rotary switches, keyboards, lighted indicators, panels, and displays; and control sticks, grips, wheels, and switching systems.

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