Advantus Capital Management Inc boosted its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 3.8% during the first quarter, Holdings Channel reports. The institutional investor owned 4,509 shares of the scientific and technical instruments company’s stock after buying an additional 167 shares during the period. Advantus Capital Management Inc’s holdings in Teledyne Technologies were worth $570,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Teledyne Technologies during the fourth quarter worth $39,865,000. Russell Investments Group Ltd. bought a new position in shares of Teledyne Technologies during the fourth quarter worth $11,663,000. Sandler Capital Management increased its position in shares of Teledyne Technologies by 69.3% in the fourth quarter. Sandler Capital Management now owns 210,330 shares of the scientific and technical instruments company’s stock worth $25,871,000 after buying an additional 86,080 shares during the period. State Street Corp increased its position in shares of Teledyne Technologies by 3.2% in the fourth quarter. State Street Corp now owns 1,202,403 shares of the scientific and technical instruments company’s stock worth $147,897,000 after buying an additional 36,741 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Teledyne Technologies by 3.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,029,047 shares of the scientific and technical instruments company’s stock worth $130,133,000 after buying an additional 33,322 shares during the period. Hedge funds and other institutional investors own 83.94% of the company’s stock.

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

Teledyne Technologies Incorporated (NYSE TDY) traded down 0.50% on Friday, reaching $130.97. 571,074 shares of the company’s stock traded hands. Teledyne Technologies Incorporated has a 12-month low of $92.52 and a 12-month high of $137.00. The stock has a 50 day moving average price of $131.55 and a 200 day moving average price of $128.09. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 25.73 and a beta of 0.96.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Thursday, May 4th. The scientific and technical instruments company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.75 by $0.51. Teledyne Technologies had a net margin of 8.31% and a return on equity of 13.28%. The business had revenue of $566.10 million during the quarter, compared to analysts’ expectations of $539.40 million. During the same period in the previous year, the business posted $1.10 EPS. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. Analysts forecast that Teledyne Technologies Incorporated will post $5.27 EPS for the current year.

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A number of brokerages recently weighed in on TDY. Zacks Investment Research upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Thursday, June 8th. Jefferies Group LLC restated a “hold” rating and set a $140.00 price objective on shares of Teledyne Technologies in a research report on Tuesday, June 6th. Finally, BidaskClub downgraded shares of Teledyne Technologies from a “hold” rating to a “sell” rating in a research report on Friday, June 9th.

In other Teledyne Technologies news, Director Michael T. Smith sold 3,000 shares of Teledyne Technologies stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $134.72, for a total transaction of $404,160.00. Following the completion of the sale, the director now directly owns 33,806 shares in the company, valued at approximately $4,554,344.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Simon M. Lorne sold 3,617 shares of Teledyne Technologies stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $129.29, for a total transaction of $467,641.93. Following the sale, the director now owns 30,190 shares of the company’s stock, valued at $3,903,265.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,207 shares of company stock valued at $1,992,502. Company insiders own 3.30% of the company’s stock.

About Teledyne Technologies

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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