Mengis Capital Management Inc. Buys 114 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Mengis Capital Management Inc. raised its stake in shares of Teledyne Technologies Incorporated (NYSE:TDYFree Report) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,322 shares of the scientific and technical instruments company’s stock after purchasing an additional 114 shares during the quarter. Mengis Capital Management Inc.’s holdings in Teledyne Technologies were worth $2,174,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in Teledyne Technologies by 93.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,068 shares of the scientific and technical instruments company’s stock worth $1,923,000 after buying an additional 1,965 shares during the period. American Century Companies Inc. raised its position in shares of Teledyne Technologies by 4.0% in the 1st quarter. American Century Companies Inc. now owns 1,911 shares of the scientific and technical instruments company’s stock worth $903,000 after acquiring an additional 74 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Teledyne Technologies by 40.1% in the 1st quarter. Private Advisor Group LLC now owns 796 shares of the scientific and technical instruments company’s stock worth $376,000 after acquiring an additional 228 shares in the last quarter. Cibc World Market Inc. lifted its stake in shares of Teledyne Technologies by 62.5% in the 1st quarter. Cibc World Market Inc. now owns 1,370 shares of the scientific and technical instruments company’s stock valued at $648,000 after purchasing an additional 527 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Teledyne Technologies by 1,272.5% during the first quarter. Canada Pension Plan Investment Board now owns 1,400 shares of the scientific and technical instruments company’s stock valued at $662,000 after purchasing an additional 1,298 shares in the last quarter. 87.57% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Sue Main sold 9,461 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $421.34, for a total transaction of $3,986,297.74. Following the completion of the sale, the chief financial officer now owns 40,127 shares of the company’s stock, valued at approximately $16,907,110.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Sue Main sold 9,461 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $421.34, for a total transaction of $3,986,297.74. Following the completion of the transaction, the chief financial officer now directly owns 40,127 shares in the company, valued at approximately $16,907,110.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael T. Smith sold 1,071 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $395.00, for a total value of $423,045.00. Following the transaction, the director now owns 56,492 shares of the company’s stock, valued at $22,314,340. The disclosure for this sale can be found here. Insiders sold 75,277 shares of company stock valued at $31,130,219 in the last quarter. 2.14% of the stock is currently owned by insiders.

Teledyne Technologies Stock Down 1.6 %

Shares of NYSE:TDY traded down $6.96 during trading on Monday, reaching $427.07. 214,479 shares of the stock traded hands, compared to its average volume of 216,851. The stock has a market cap of $20.15 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 2.80 and a beta of 1.03. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.17 and a current ratio of 1.69. The stock has a 50-day moving average of $429.97 and a two-hundred day moving average of $409.39. Teledyne Technologies Incorporated has a 52-week low of $364.98 and a 52-week high of $448.71.

Teledyne Technologies (NYSE:TDYGet Free Report) last issued its earnings results on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.40. Teledyne Technologies had a return on equity of 10.81% and a net margin of 15.72%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm earned $4.94 EPS. Teledyne Technologies’s revenue was up .5% on a year-over-year basis. As a group, sell-side analysts expect that Teledyne Technologies Incorporated will post 20.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on TDY shares. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Needham & Company LLC dropped their price objective on shares of Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teledyne Technologies has a consensus rating of “Buy” and a consensus target price of $515.67.

View Our Latest Stock Report on TDY

Teledyne Technologies Profile

(Free Report)

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets 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.

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

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