Oakbrook Investments LLC decreased its position in Teledyne Technologies Incorporated (NYSE:TDY) by 18.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,425 shares of the scientific and technical instruments company’s stock after selling 550 shares during the quarter. Oakbrook Investments LLC’s holdings in Teledyne Technologies were worth $439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of Teledyne Technologies by 1,204.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,304 shares of the scientific and technical instruments company’s stock valued at $166,000 after purchasing an additional 1,204 shares during the last quarter. ETF Managers Group LLC bought a new position in shares of Teledyne Technologies during the 2nd quarter valued at approximately $181,000. Zions Bancorporation bought a new position in shares of Teledyne Technologies during the 3rd quarter valued at approximately $220,000. AMP Capital Investors Ltd bought a new position in shares of Teledyne Technologies during the 3rd quarter valued at approximately $223,000. Finally, Cetera Investment Advisers bought a new position in shares of Teledyne Technologies during the 2nd quarter valued at approximately $270,000. 83.22% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Simon M. Lorne sold 4,958 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $181.64, for a total value of $900,571.12. Following the transaction, the director now directly owns 30,297 shares of the company’s stock, valued at $5,503,147.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth C. Dahlberg sold 5,994 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $182.44, for a total value of $1,093,545.36. Following the completion of the transaction, the director now directly owns 12,164 shares in the company, valued at $2,219,200.16. The disclosure for this sale can be found here. Insiders sold 16,652 shares of company stock worth $3,050,124 over the last three months. Corporate insiders own 3.30% of the company’s stock.
Teledyne Technologies Incorporated (NYSE TDY) traded up $4.03 on Wednesday, hitting $186.28. The stock had a trading volume of 147,586 shares, compared to its average volume of 177,487. Teledyne Technologies Incorporated has a 52-week low of $121.58 and a 52-week high of $201.40. The company has a market cap of $6,385.30, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 3.18 and a beta of 1.03. The company has a current ratio of 1.90, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55.
Teledyne Technologies (NYSE:TDY) last announced its earnings results on Thursday, February 1st. The scientific and technical instruments company reported $1.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.21. Teledyne Technologies had a return on equity of 14.06% and a net margin of 8.73%. The company had revenue of $704.40 million for the quarter, compared to analyst estimates of $669.25 million. During the same period in the prior year, the company posted $1.64 EPS. The firm’s quarterly revenue was up 27.4% compared to the same quarter last year. research analysts forecast that Teledyne Technologies Incorporated will post 7.55 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $213.00 price objective for the company in a report on Tuesday, February 6th. Needham & Company LLC upped their target price on Teledyne Technologies to $205.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. ValuEngine cut Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Jefferies Group upped their target price on Teledyne Technologies from $150.00 to $170.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Teledyne Technologies has a consensus rating of “Buy” and an average target price of $196.00.
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Teledyne Technologies 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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