Neuberger Berman Group LLC Purchases 7,489 Shares of Teledyne Technologies Incorporated (TDY)
Neuberger Berman Group LLC raised its position in Teledyne Technologies Incorporated (NYSE:TDY) by 3.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,053 shares of the scientific and technical instruments company’s stock after purchasing an additional 7,489 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.65% of Teledyne Technologies worth $36,461,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of TDY. Janus Henderson Group PLC purchased a new position in Teledyne Technologies in the second quarter valued at about $280,989,000. Cramer Rosenthal Mcglynn LLC purchased a new position in Teledyne Technologies in the third quarter valued at about $42,263,000. Westfield Capital Management Co. LP bought a new stake in shares of Teledyne Technologies during the 3rd quarter worth about $27,400,000. CI Investments Inc. bought a new stake in shares of Teledyne Technologies during the 3rd quarter worth about $20,298,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Teledyne Technologies by 85.5% during the 2nd quarter. Principal Financial Group Inc. now owns 268,662 shares of the scientific and technical instruments company’s stock worth $34,295,000 after acquiring an additional 123,831 shares in the last quarter. Hedge funds and other institutional investors own 84.07% of the company’s stock.
In related news, CFO Sue Main sold 7,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $183.88, for a total transaction of $1,287,160.00. Following the completion of the sale, the chief financial officer now owns 40,874 shares in the company, valued at approximately $7,515,911.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jason Vanwees sold 4,500 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $182.83, for a total value of $822,735.00. Following the sale, the senior vice president now owns 33,659 shares of the company’s stock, valued at approximately $6,153,874.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,364 shares of company stock valued at $4,643,847. 3.30% of the stock is owned by corporate insiders.
Shares of Teledyne Technologies Incorporated (TDY) opened at $181.78 on Thursday. The stock has a market capitalization of $6,476.02, a PE ratio of 27.65, a PEG ratio of 3.64 and a beta of 1.03. Teledyne Technologies Incorporated has a 52 week low of $119.67 and a 52 week high of $186.54. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.98.
Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.34. The company had revenue of $662.20 million during the quarter, compared to the consensus estimate of $656.20 million. Teledyne Technologies had a return on equity of 14.18% and a net margin of 8.67%. The firm’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.46 EPS. research analysts expect that Teledyne Technologies Incorporated will post 6.7 earnings per share for the current year.
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Teledyne Technologies Company Profile
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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