Quantitative Systematic Strategies LLC reduced its position in Teledyne Technologies Incorporated (NYSE:TDY) by 61.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,647 shares of the scientific and technical instruments company’s stock after selling 2,623 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Teledyne Technologies were worth $298,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in Teledyne Technologies by 2.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,070,860 shares of the scientific and technical instruments company’s stock valued at $170,460,000 after acquiring an additional 25,677 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Teledyne Technologies by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 507,621 shares of the scientific and technical instruments company’s stock valued at $80,804,000 after acquiring an additional 6,682 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Teledyne Technologies by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 429,459 shares of the scientific and technical instruments company’s stock valued at $68,362,000 after acquiring an additional 14,299 shares during the last quarter. Fisher Asset Management LLC raised its stake in Teledyne Technologies by 5.8% during the 4th quarter. Fisher Asset Management LLC now owns 348,849 shares of the scientific and technical instruments company’s stock valued at $63,194,000 after acquiring an additional 19,179 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Teledyne Technologies by 0.4% during the 3rd quarter. New York State Common Retirement Fund now owns 335,839 shares of the scientific and technical instruments company’s stock valued at $53,459,000 after acquiring an additional 1,500 shares during the last quarter. 84.49% of the stock is owned by institutional investors and hedge funds.

Shares of Teledyne Technologies Incorporated (TDY) opened at $175.56 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.90. The company has a market capitalization of $6,345.26, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 3.16 and a beta of 1.03. Teledyne Technologies Incorporated has a one year low of $121.58 and a one year high of $201.40.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.21. The firm had revenue of $704.40 million during the quarter, compared to the consensus estimate of $669.25 million. Teledyne Technologies had a return on equity of 14.06% and a net margin of 8.73%. The firm’s revenue was up 27.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.64 EPS. equities research analysts predict that Teledyne Technologies Incorporated will post 7.55 earnings per share for the current year.

In other Teledyne Technologies news, Director Schack Wesley W. Von sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $178.50, for a total transaction of $357,000.00. Following the transaction, the director now owns 13,358 shares in the company, valued at approximately $2,384,403. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Cynthia Y. Belak sold 1,700 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $185.44, for a total value of $315,248.00. Following the transaction, the vice president now owns 6,903 shares in the company, valued at approximately $1,280,092.32. The disclosure for this sale can be found here. Insiders have sold a total of 18,652 shares of company stock worth $3,407,124 in the last quarter. 3.30% of the stock is currently owned by insiders.

Several research firms have commented on TDY. Needham & Company LLC upped their price objective on Teledyne Technologies to $205.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Zacks Investment Research downgraded Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 5th. ValuEngine downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Jefferies Group upped their price objective on Teledyne Technologies from $150.00 to $170.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $196.00.

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

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