Principal Financial Group Inc. Has $10.44 Million Position in Esterline Technologies Corporation (ESL)

Principal Financial Group Inc. boosted its stake in Esterline Technologies Corporation (NYSE:ESL) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,283 shares of the aerospace company’s stock after buying an additional 3,025 shares during the period. Principal Financial Group Inc. owned approximately 0.41% of Esterline Technologies Corporation worth $10,437,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. raised its stake in shares of Esterline Technologies Corporation by 13.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 10,343 shares of the aerospace company’s stock worth $890,000 after buying an additional 1,236 shares during the period. Macquarie Group Ltd. raised its stake in shares of Esterline Technologies Corporation by 7.6% in the fourth quarter. Macquarie Group Ltd. now owns 128,949 shares of the aerospace company’s stock worth $11,502,000 after buying an additional 9,149 shares during the period. Teachers Advisors LLC raised its stake in shares of Esterline Technologies Corporation by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 55,531 shares of the aerospace company’s stock worth $4,953,000 after buying an additional 1,531 shares during the period. Norges Bank bought a new stake in shares of Esterline Technologies Corporation during the fourth quarter worth about $21,704,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of 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 worth $453,000 after buying an additional 450 shares during the period. 90.30% of the stock is owned by institutional investors.

Shares of Esterline Technologies Corporation (NYSE:ESL) traded up 1.29% during mid-day trading on Friday, reaching $98.00. The company had a trading volume of 53,747 shares. Esterline Technologies Corporation has a 1-year low of $59.56 and a 1-year high of $102.70. The stock’s 50-day moving average price is $97.16 and its 200 day moving average price is $91.32. The company has a market capitalization of $2.92 billion, a PE ratio of 21.93 and a beta of 1.43.

Esterline Technologies Corporation (NYSE:ESL) last issued its quarterly earnings results on Thursday, May 4th. The aerospace company reported $1.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.29. Esterline Technologies Corporation had a return on equity of 9.94% and a net margin of 6.56%. The firm had revenue of $509.20 million during the quarter, compared to analysts’ expectations of $491.74 million. During the same period in the previous year, the business earned $0.92 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities analysts expect that Esterline Technologies Corporation will post $4.95 EPS for the current year.

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A number of research analysts have recently commented on the company. Canaccord Genuity reiterated a “hold” rating and set a $90.00 target price on shares of Esterline Technologies Corporation in a research report on Monday, May 15th. Credit Suisse Group reiterated an “outperform” rating and set a $106.00 target price (up from $96.00) on shares of Esterline Technologies Corporation in a research report on Friday, May 5th. Zacks Investment Research downgraded Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. BidaskClub downgraded Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $92.00 target price on shares of Esterline Technologies Corporation in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $95.33.

In other Esterline Technologies Corporation news, EVP Albert S. Yost sold 6,700 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $92.61, for a total value of $620,487.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert David George sold 26,700 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $93.46, for a total value of $2,495,382.00. Following the completion of the sale, the chief financial officer now owns 29,960 shares of the company’s stock, valued at $2,800,061.60. The disclosure for this sale can be found here. Insiders have sold 41,170 shares of company stock valued at $3,865,674 over the last quarter. 1.40% of the stock is owned by company insiders.

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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