GHP Investment Advisors Inc. boosted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,630 shares of the scientific and technical instruments company’s stock after acquiring an additional 140 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Teledyne Technologies were worth $4,554,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Assenagon Asset Management S.A. lifted its holdings in shares of Teledyne Technologies by 752.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 70,719 shares of the scientific and technical instruments company’s stock worth $16,761,000 after buying an additional 62,420 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Teledyne Technologies by 1,761.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 52,774 shares of the scientific and technical instruments company’s stock worth $14,453,000 after buying an additional 49,939 shares during the period. Citigroup Inc. lifted its holdings in shares of Teledyne Technologies by 326.2% in the 1st quarter. Citigroup Inc. now owns 62,003 shares of the scientific and technical instruments company’s stock worth $14,696,000 after buying an additional 47,455 shares during the period. Artisan Partners Limited Partnership lifted its holdings in shares of Teledyne Technologies by 8.5% in the 1st quarter. Artisan Partners Limited Partnership now owns 535,709 shares of the scientific and technical instruments company’s stock worth $126,968,000 after buying an additional 42,133 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Teledyne Technologies by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 379,773 shares of the scientific and technical instruments company’s stock worth $78,639,000 after buying an additional 42,048 shares during the period. Institutional investors own 84.10% of the company’s stock.
Several equities research analysts have weighed in on the company. Cowen upped their target price on Teledyne Technologies from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. ValuEngine cut Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Berenberg Bank assumed coverage on Teledyne Technologies in a report on Tuesday, June 11th. They issued a “buy” rating and a $290.00 target price for the company. Finally, Needham & Company LLC upped their target price on Teledyne Technologies from $275.00 to $328.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $293.75.
Shares of TDY traded up $6.04 during trading hours on Friday, hitting $300.85. The company had a trading volume of 256,500 shares, compared to its average volume of 168,057. The company has a market capitalization of $10.94 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 3.88 and a beta of 1.14. The company has a current ratio of 1.63, a quick ratio of 1.08 and a debt-to-equity ratio of 0.31. Teledyne Technologies Incorporated has a one year low of $189.35 and a one year high of $306.46. The company’s fifty day moving average price is $284.76 and its two-hundred day moving average price is $252.61.
Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $2.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.40 by $0.40. The firm had revenue of $782.00 million during the quarter, compared to analyst estimates of $781.55 million. Teledyne Technologies had a return on equity of 15.09% and a net margin of 12.04%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.32 EPS. Analysts forecast that Teledyne Technologies Incorporated will post 9.95 earnings per share for the current year.
In other news, Director Charles Crocker sold 2,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $291.00, for a total value of $582,000.00. Following the completion of the transaction, the director now directly owns 46,496 shares of the company’s stock, valued at approximately $13,530,336. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jason Vanwees sold 9,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $254.64, for a total value of $2,291,760.00. Following the completion of the transaction, the executive vice president now directly owns 41,349 shares of the company’s stock, valued at $10,529,109.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,610 shares of company stock valued at $5,952,172. Corporate insiders own 3.19% of the company’s stock.
Teledyne Technologies Company Profile
Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Denmark, Canada, France, and the Netherlands. 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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