Sterling Capital Management LLC bought a new position in Teledyne Technologies Incorporated (NYSE:TDY) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,836 shares of the scientific and technical instruments company’s stock, valued at approximately $292,000.
A number of other institutional investors have also recently made changes to their positions in TDY. Tower Research Capital LLC TRC boosted its stake in Teledyne Technologies by 1,204.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,304 shares of the scientific and technical instruments company’s stock worth $166,000 after purchasing an additional 1,204 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Teledyne Technologies by 15.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,325 shares of the scientific and technical instruments company’s stock valued at $169,000 after acquiring an additional 177 shares during the period. ETF Managers Group LLC bought a new position in Teledyne Technologies during the 2nd quarter valued at about $181,000. Zions Bancorporation bought a new position in Teledyne Technologies during the 3rd quarter valued at about $220,000. Finally, AMP Capital Investors Ltd bought a new position in Teledyne Technologies during the 3rd quarter valued at about $223,000. Institutional investors own 84.07% of the company’s stock.
Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 5th. ValuEngine lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Jefferies Group upped their price target on shares of Teledyne Technologies from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Finally, Needham & Company LLC upped their price target on shares of Teledyne Technologies from $157.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $175.33.
In other news, VP Cynthia Y. Belak sold 1,700 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $185.44, for a total transaction of $315,248.00. Following the completion of the transaction, the vice president now directly owns 6,903 shares in the company, valued at approximately $1,280,092.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Simon M. Lorne sold 4,958 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $181.64, for a total value of $900,571.12. Following the completion of the sale, the director now owns 30,297 shares of the company’s stock, valued at $5,503,147.08. The disclosure for this sale can be found here. Insiders have sold a total of 25,364 shares of company stock valued at $4,643,847 over the last quarter. Corporate insiders own 3.30% of the company’s stock.
Shares of Teledyne Technologies Incorporated (NYSE:TDY) traded up $4.58 on Friday, reaching $193.28. 131,411 shares of the company’s stock were exchanged, compared to its average volume of 153,122. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.98. Teledyne Technologies Incorporated has a twelve month low of $119.67 and a twelve month high of $193.62. The stock has a market cap of $6,686.87, a price-to-earnings ratio of 32.87, a P/E/G ratio of 3.54 and a beta of 1.03.
Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.34. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The business had revenue of $662.20 million during the quarter, compared to analyst estimates of $656.20 million. During the same period last year, the firm posted $1.46 EPS. The company’s revenue was up 25.7% on a year-over-year basis. equities research analysts expect that Teledyne Technologies Incorporated will post 6.7 EPS for the current year.
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Teledyne Technologies Company Profile
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.
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