Northeast Financial Consultants Inc purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 1,069 shares of the scientific and technical instruments company’s stock, valued at approximately $253,000.

Other institutional investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. purchased a new position in shares of Teledyne Technologies during the 1st quarter valued at $31,000. Penserra Capital Management LLC purchased a new position in shares of Teledyne Technologies during the 4th quarter valued at $36,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Teledyne Technologies by 32.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 218 shares of the scientific and technical instruments company’s stock valued at $45,000 after acquiring an additional 54 shares in the last quarter. Nikko Asset Management Americas Inc. grew its holdings in shares of Teledyne Technologies by 205.4% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 281 shares of the scientific and technical instruments company’s stock valued at $58,000 after acquiring an additional 189 shares in the last quarter. Finally, Advisory Alpha LLC purchased a new position in shares of Teledyne Technologies during the 1st quarter valued at $99,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Several equities research analysts recently issued reports on TDY shares. Zacks Investment Research raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $257.00 price objective for the company in a research note on Tuesday, March 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $248.00 price objective (up previously from $240.00) on shares of Teledyne Technologies in a research note on Friday, March 15th. Cowen started coverage on shares of Teledyne Technologies in a research note on Tuesday, April 2nd. They issued an “outperform” rating and a $265.00 price objective for the company. Finally, Berenberg Bank started coverage on shares of Teledyne Technologies in a research note on Tuesday. They issued a “buy” rating and a $290.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $256.40.

Shares of TDY stock traded down $1.68 on Friday, hitting $253.07. The company’s stock had a trading volume of 130 shares, compared to its average volume of 144,892. The company has a current ratio of 1.54, a quick ratio of 1.00 and a debt-to-equity ratio of 0.31. Teledyne Technologies Incorporated has a fifty-two week low of $189.35 and a fifty-two week high of $260.99. The firm has a market cap of $9.18 billion, a PE ratio of 28.69, a PEG ratio of 3.53 and a beta of 1.09.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.10. The business had revenue of $745.20 million during the quarter, compared to analyst estimates of $728.30 million. Teledyne Technologies had a net margin of 11.61% and a return on equity of 14.87%. Teledyne Technologies’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.81 EPS. As a group, analysts forecast that Teledyne Technologies Incorporated will post 9.58 EPS for the current fiscal year.

In other Teledyne Technologies news, VP Melanie Susan Cibik sold 6,783 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $252.00, for a total transaction of $1,709,316.00. Following the completion of the transaction, the vice president now owns 26,364 shares of the company’s stock, valued at approximately $6,643,728. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jason Vanwees sold 9,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $254.64, for a total transaction of $2,291,760.00. Following the transaction, the executive vice president now directly owns 41,349 shares of the company’s stock, valued at approximately $10,529,109.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,919 shares of company stock valued at $11,045,222. Company insiders own 3.19% of the company’s stock.

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

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