Cim Investment Mangement Inc. Has $365,000 Position in Teledyne Technologies Incorporated (TDY)
Cim Investment Mangement Inc. maintained its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,968 shares of the company’s stock at the end of the fourth quarter. Cim Investment Mangement Inc.’s holdings in Teledyne Technologies were worth $365,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in shares of Teledyne Technologies by 37.5% in the third quarter. Bank of New York Mellon Corp now owns 674,603 shares of the company’s stock worth $72,810,000 after buying an additional 183,994 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Teledyne Technologies by 6.5% in the third quarter. BlackRock Fund Advisors now owns 1,956,883 shares of the company’s stock worth $211,206,000 after buying an additional 118,863 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Teledyne Technologies during the fourth quarter worth approximately $11,663,000. Wells Fargo & Company MN boosted its stake in shares of Teledyne Technologies by 21.5% in the third quarter. Wells Fargo & Company MN now owns 355,134 shares of the company’s stock worth $38,330,000 after buying an additional 62,879 shares during the period. Finally, State Street Corp boosted its stake in shares of Teledyne Technologies by 3.2% in the fourth quarter. State Street Corp now owns 1,202,403 shares of the company’s stock worth $147,897,000 after buying an additional 36,741 shares during the period. Hedge funds and other institutional investors own 86.15% of the company’s stock.
Shares of Teledyne Technologies Incorporated (NYSE:TDY) traded up 0.34% on Thursday, hitting $132.79. The company’s stock had a trading volume of 160,425 shares. The stock’s 50 day moving average is $124.96 and its 200-day moving average is $114.98. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 24.71 and a beta of 0.98. Teledyne Technologies Incorporated has a 52 week low of $81.28 and a 52 week high of $133.14.
Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Thursday, February 2nd. The company reported $1.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.29. The company had revenue of $552.90 million for the quarter, compared to analysts’ expectations of $549.15 million. Teledyne Technologies had a return on equity of 13.19% and a net margin of 8.82%. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 earnings per share. On average, equities research analysts anticipate that Teledyne Technologies Incorporated will post $5.45 earnings per share for the current year.
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A number of equities research analysts have commented on TDY shares. Jefferies Group LLC reiterated a “hold” rating and set a $120.00 target price (up previously from $105.00) on shares of Teledyne Technologies in a report on Thursday, December 15th. Zacks Investment Research upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a report on Wednesday, February 8th.
Teledyne Technologies Company Profile
Teledyne Technologies Incorporated provides enabling technologies for industrial markets. The Company caters to a range of markets, which include deepwater oil and gas exploration and production, oceanographic research, and air and water quality environmental monitoring. Its products include monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, and electronic test and measurement equipment.
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