Foresters Investment Management Company Inc. grew its position in Esterline Technologies Co. (NYSE:ESL) by 116.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 51,600 shares of the aerospace company’s stock after buying an additional 27,800 shares during the period. Foresters Investment Management Company Inc. owned 0.17% of Esterline Technologies worth $6,267,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ESL. Wells Fargo & Company MN increased its stake in shares of Esterline Technologies by 399.8% in the 3rd quarter. Wells Fargo & Company MN now owns 683,903 shares of the aerospace company’s stock valued at $62,201,000 after buying an additional 547,080 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Esterline Technologies in the 4th quarter valued at $45,775,000. Spring Creek Capital LLC acquired a new stake in shares of Esterline Technologies in the 4th quarter valued at $32,184,000. Water Island Capital LLC acquired a new stake in shares of Esterline Technologies in the 4th quarter valued at $27,871,000. Finally, Citigroup Inc. increased its stake in shares of Esterline Technologies by 2,072.5% in the 4th quarter. Citigroup Inc. now owns 238,262 shares of the aerospace company’s stock valued at $28,937,000 after buying an additional 227,295 shares during the period. 95.11% of the stock is owned by institutional investors.

Shares of Esterline Technologies stock opened at $122.49 on Friday. The company has a quick ratio of 2.30, a current ratio of 3.50 and a debt-to-equity ratio of 0.35. Esterline Technologies Co. has a 12 month low of $69.05 and a 12 month high of $122.50. The firm has a market cap of $3.64 billion, a P/E ratio of 29.37, a P/E/G ratio of 2.78 and a beta of 0.40.

Esterline Technologies (NYSE:ESL) last announced its quarterly earnings data on Thursday, January 31st. The aerospace company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.43. Esterline Technologies had a return on equity of 8.01% and a net margin of 6.78%. The business had revenue of $484.99 million during the quarter, compared to analysts’ expectations of $476.00 million. As a group, equities research analysts anticipate that Esterline Technologies Co. will post 4.62 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on ESL shares. Barclays raised Esterline Technologies from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $76.00 to $123.00 in a research note on Monday, December 3rd. Jefferies Financial Group set a $123.00 target price on Esterline Technologies and gave the company a “hold” rating in a research note on Wednesday, November 21st. Canaccord Genuity lifted their target price on Esterline Technologies from $85.00 to $122.50 and gave the company a “hold” rating in a research note on Wednesday, November 21st. ValuEngine raised Esterline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 21st. Finally, Zacks Investment Research raised Esterline Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, December 12th. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $111.32.

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About Esterline Technologies

Esterline Technologies Corp. engages in the manufacture of aircraft parts and components, automated drilling products and machine tool systems. It operates through the following segments: Avionics & Controls; Sensors & Systems; and Advanced Materials. The Avionics & Controls segment includes avionics systems, control systems, interface technologies and communication systems capabilities.

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

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