Clinton Group Inc. Purchases Shares of 25,131 Teledyne Technologies International Corp (TDY)

Clinton Group Inc. purchased a new stake in Teledyne Technologies International Corp (NYSE:TDY) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 25,131 shares of the scientific and technical instruments company’s stock, valued at approximately $4,704,000. Clinton Group Inc. owned approximately 0.07% of Teledyne Technologies International as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American International Group Inc. grew its stake in shares of Teledyne Technologies International by 1.4% in the 4th quarter. American International Group Inc. now owns 73,308 shares of the scientific and technical instruments company’s stock valued at $13,280,000 after buying an additional 1,022 shares in the last quarter. BlackRock Inc. grew its stake in shares of Teledyne Technologies International by 2.8% in the 4th quarter. BlackRock Inc. now owns 3,476,666 shares of the scientific and technical instruments company’s stock valued at $629,798,000 after buying an additional 95,833 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Teledyne Technologies International by 79.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 136,653 shares of the scientific and technical instruments company’s stock valued at $24,755,000 after buying an additional 60,331 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Teledyne Technologies International in the 4th quarter valued at approximately $4,062,000. Finally, LPL Financial LLC grew its stake in shares of Teledyne Technologies International by 6.5% in the 4th quarter. LPL Financial LLC now owns 6,462 shares of the scientific and technical instruments company’s stock valued at $1,171,000 after buying an additional 393 shares in the last quarter. 84.05% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman Robert Mehrabian sold 18,584 shares of the company’s stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $193.52, for a total transaction of $3,596,375.68. Following the completion of the transaction, the chairman now directly owns 252,750 shares in the company, valued at $48,912,180. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Edwin Roks sold 11,334 shares of the company’s stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $206.00, for a total value of $2,334,804.00. Following the transaction, the vice president now owns 8,570 shares of the company’s stock, valued at $1,765,420. The disclosure for this sale can be found here. Insiders have sold 110,048 shares of company stock valued at $21,801,902 in the last ninety days. Company insiders own 3.73% of the company’s stock.

A number of equities research analysts have issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price (up previously from $205.00) on shares of Teledyne Technologies International in a research report on Friday, May 4th. ValuEngine raised Teledyne Technologies International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research cut Teledyne Technologies International from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $197.67.

Shares of Teledyne Technologies International opened at $210.33 on Thursday, Marketbeat Ratings reports. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 30.35, a P/E/G ratio of 3.63 and a beta of 1.02. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.91 and a quick ratio of 1.22. Teledyne Technologies International Corp has a 12-month low of $123.29 and a 12-month high of $210.47.

Teledyne Technologies International (NYSE:TDY) last announced its earnings results on Thursday, May 3rd. The scientific and technical instruments company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.26. The firm had revenue of $695.60 million during the quarter, compared to analysts’ expectations of $661.58 million. Teledyne Technologies International had a return on equity of 14.33% and a net margin of 9.63%. The company’s revenue was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. equities analysts predict that Teledyne Technologies International Corp will post 7.55 EPS for the current fiscal year.

Teledyne Technologies International Company Profile

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, Canada, the United Kingdom, France, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments.

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Institutional Ownership by Quarter for Teledyne Technologies International (NYSE:TDY)

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