Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 46.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,935 shares of the scientific and technical instruments company’s stock after purchasing an additional 610 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Teledyne Technologies were worth $351,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Port Capital LLC purchased a new position in Teledyne Technologies during the 4th quarter worth $6,996,000. Assenagon Asset Management S.A. purchased a new position in Teledyne Technologies during the 4th quarter worth $8,518,000. SG Americas Securities LLC grew its stake in Teledyne Technologies by 995.9% during the 4th quarter. SG Americas Securities LLC now owns 7,408 shares of the scientific and technical instruments company’s stock worth $1,342,000 after buying an additional 6,732 shares during the last quarter. Fisher Asset Management LLC grew its stake in Teledyne Technologies by 5.8% during the 4th quarter. Fisher Asset Management LLC now owns 348,849 shares of the scientific and technical instruments company’s stock worth $63,194,000 after buying an additional 19,179 shares during the last quarter. Finally, James Investment Research Inc. purchased a new position in Teledyne Technologies during the 4th quarter worth $1,648,000. Hedge funds and other institutional investors own 83.22% of the company’s stock.
Shares of Teledyne Technologies Incorporated (TDY) opened at $193.50 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.90. The firm has a market capitalization of $6,856.87, a PE ratio of 28.00, a price-to-earnings-growth ratio of 3.42 and a beta of 1.03. Teledyne Technologies Incorporated has a one year low of $121.58 and a one year high of $201.40.
Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Thursday, February 1st. The scientific and technical instruments company reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.21. The business had revenue of $704.40 million for the quarter, compared to the consensus estimate of $669.25 million. Teledyne Technologies had a return on equity of 14.06% and a net margin of 8.73%. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.64 EPS. equities research analysts forecast that Teledyne Technologies Incorporated will post 7.55 earnings per share for the current year.
Several research analysts recently weighed in on TDY shares. Needham & Company LLC boosted their target price on Teledyne Technologies to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Jefferies Group boosted their target price on Teledyne Technologies from $150.00 to $170.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Zacks Investment Research downgraded Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, ValuEngine downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $196.00.
In other Teledyne Technologies news, Director Kenneth C. Dahlberg sold 5,994 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $182.44, for a total transaction of $1,093,545.36. Following the sale, the director now owns 12,164 shares in the company, valued at approximately $2,219,200.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Simon M. Lorne sold 4,958 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $181.64, for a total value of $900,571.12. Following the sale, the director now owns 30,297 shares in the company, valued at approximately $5,503,147.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,652 shares of company stock worth $3,050,124. Company insiders own 3.30% of the company’s stock.
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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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