In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Esterline Technologies Corp (NYSE:ESL) reported that First Pacific Advisors LLC. has picked up 3,383,941 of common stock as of 2017-05-02.
The acquisition brings the aggregate amount owned by First Pacific Advisors LLC. to a total of 3,383,941 representing less than 11.4% stake in the company.
For those not familiar with the company, 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. The Company serves aerospace and defense customers. The Company’s Avionics & Controls business segment includes avionics systems, control and communication systems, and interface technologies capabilities. The Company’s Sensors & Systems business segment includes power systems, connection technologies and advanced sensors capabilities. The Company’s Advanced Materials business segment includes engineered materials and defense technologies capabilities. The Company designs and manufactures ruggedized military personal communication equipment, primarily headsets, handsets and field communications.
A glance at Esterline Technologies Corp (NYSE:ESL)’s key stats reveals a current market capitalization of 2.69 Billion based on 29.69 Million shares outstanding and a price at last close of $91.05 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-08-02, First picked up 520 at a purchase price of $59.83. This brings their total holding to 20,574 as of the date of the filing.
On the sell side, the most recent transaction saw First unload 1,730 shares at a sale price of $85.29. This brings their total holding to 62,515.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Esterline Technologies Corp (NYSE:ESL) as things move forward to see if its progress aligns with these transactions.
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