Teledyne Technologies Incorporated (TDY) Position Maintained by D.A. Davidson & CO.
D.A. Davidson & CO. continued to hold its position in Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,280 shares of the scientific and technical instruments company’s stock at the end of the 2nd quarter. D.A. Davidson & CO.’s holdings in Teledyne Technologies were worth $163,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Citigroup Inc. lifted its holdings in shares of Teledyne Technologies by 953.1% during the second quarter. Citigroup Inc. now owns 5,729 shares of the scientific and technical instruments company’s stock worth $731,000 after purchasing an additional 5,185 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Teledyne Technologies during the second quarter worth about $1,559,000. New York State Common Retirement Fund lifted its holdings in shares of Teledyne Technologies by 14.1% during the second quarter. New York State Common Retirement Fund now owns 334,339 shares of the scientific and technical instruments company’s stock worth $42,678,000 after purchasing an additional 41,199 shares during the period. Thrivent Financial For Lutherans lifted its holdings in shares of Teledyne Technologies by 7.4% during the second quarter. Thrivent Financial For Lutherans now owns 7,120 shares of the scientific and technical instruments company’s stock worth $909,000 after purchasing an additional 490 shares during the period. Finally, Laurion Capital Management LP acquired a new stake in shares of Teledyne Technologies during the second quarter worth about $6,251,000. 82.85% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Roxanne S. Austin sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $148.30, for a total value of $593,200.00. Following the completion of the sale, the director now directly owns 11,458 shares of the company’s stock, valued at approximately $1,699,221.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jason Vanwees sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $147.07, for a total value of $882,420.00. Following the completion of the sale, the senior vice president now directly owns 35,159 shares of the company’s stock, valued at $5,170,834.13. The disclosure for this sale can be found here. Insiders sold a total of 14,000 shares of company stock valued at $2,060,420 over the last three months. Insiders own 3.30% of the company’s stock.
Teledyne Technologies Incorporated (TDY) opened at 163.02 on Friday. The stock’s 50 day moving average price is $154.09 and its 200 day moving average price is $137.61. Teledyne Technologies Incorporated has a 52 week low of $101.90 and a 52 week high of $163.86. The firm has a market capitalization of $5.76 billion, a P/E ratio of 30.06 and a beta of 0.99.
Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.25 by $0.49. The business had revenue of $671.10 million during the quarter, compared to analysts’ expectations of $636.18 million. Teledyne Technologies had a return on equity of 13.80% and a net margin of 8.44%. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period last year, the firm earned $1.32 EPS. On average, equities analysts expect that Teledyne Technologies Incorporated will post $5.69 EPS for the current year.
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A number of research analysts have issued reports on TDY shares. Jefferies Group LLC reissued a “hold” rating and issued a $145.00 price target (up from $140.00) on shares of Teledyne Technologies in a report on Friday, July 14th. Needham & Company LLC raised Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a report on Wednesday, July 5th. BidaskClub raised Teledyne Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. ValuEngine raised Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Finally, Zacks Investment Research downgraded Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Teledyne Technologies currently has an average rating of “Hold” and an average target price of $157.67.
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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