Two Sigma Securities LLC acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,801 shares of the scientific and technical instruments company’s stock, valued at approximately $326,000.
Other large investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new stake in Teledyne Technologies during the 4th quarter worth about $101,000. Advisor Group Inc. increased its stake in shares of Teledyne Technologies by 41.6% in the 4th quarter. Advisor Group Inc. now owns 1,075 shares of the scientific and technical instruments company’s stock valued at $195,000 after acquiring an additional 316 shares during the last quarter. Kovack Advisors Inc. bought a new stake in shares of Teledyne Technologies in the 4th quarter valued at about $213,000. Zions Bancorporation bought a new stake in shares of Teledyne Technologies in the 3rd quarter valued at about $220,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Teledyne Technologies in the 4th quarter valued at approximately $220,000. 85.03% of the stock is owned by hedge funds and other institutional investors.
NYSE:TDY traded down $4.89 during trading hours on Friday, reaching $185.57. 137,990 shares of the stock were exchanged, compared to its average volume of 164,070. The company has a market cap of $6,798.76, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 3.36 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 1.87 and a debt-to-equity ratio of 0.55. Teledyne Technologies Incorporated has a twelve month low of $121.58 and a twelve month high of $201.40.
Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.74 by $0.21. The company had revenue of $704.40 million during the quarter, compared to the consensus estimate of $669.25 million. Teledyne Technologies had a return on equity of 14.07% and a net margin of 8.73%. The firm’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 EPS. analysts anticipate that Teledyne Technologies Incorporated will post 7.55 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on TDY shares. Zacks Investment Research lowered Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 5th. Needham & Company LLC boosted their price objective on Teledyne Technologies to $205.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, ValuEngine upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Teledyne Technologies currently has a consensus rating of “Buy” and an average price target of $196.00.
In related news, Chairman Robert Mehrabian sold 35,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $192.92, for a total value of $6,752,200.00. Following the sale, the chairman now owns 284,072 shares in the company, valued at approximately $54,803,170.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth C. Dahlberg sold 5,994 shares of the stock in a transaction on 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 sale, the director now owns 12,164 shares in the company, valued at approximately $2,219,200.16. The disclosure for this sale can be found here. In the last three months, insiders sold 67,078 shares of company stock valued at $12,858,091. 3.73% of the stock is currently owned by insiders.
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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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