Greenleaf Trust bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 869 shares of the scientific and technical instruments company’s stock, valued at approximately $348,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of TDY. Accurate Wealth Management LLC bought a new stake in Teledyne Technologies in the fourth quarter valued at $28,000. FourThought Financial LLC increased its stake in Teledyne Technologies by 53.8% in the third quarter. FourThought Financial LLC now owns 140 shares of the scientific and technical instruments company’s stock valued at $47,000 after purchasing an additional 49 shares in the last quarter. Standard Family Office LLC bought a new stake in Teledyne Technologies in the third quarter valued at $49,000. NuWave Investment Management LLC bought a new stake in Teledyne Technologies in the third quarter valued at $54,000. Finally, Wipfli Financial Advisors LLC bought a new stake in Teledyne Technologies in the third quarter valued at $58,000. 91.10% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Teledyne Technologies news, VP Stephen Finis Blackwood sold 3,333 shares of the company’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $434.00, for a total value of $1,446,522.00. Following the completion of the sale, the vice president now directly owns 11,773 shares of the company’s stock, valued at approximately $5,109,482. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Stephen Finis Blackwood sold 3,333 shares of the stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $434.00, for a total transaction of $1,446,522.00. Following the completion of the transaction, the vice president now directly owns 11,773 shares of the company’s stock, valued at approximately $5,109,482. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert Mehrabian sold 3,400 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $440.17, for a total transaction of $1,496,578.00. Following the transaction, the chief executive officer now directly owns 196,052 shares of the company’s stock, valued at $86,296,208.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,210 shares of company stock valued at $10,428,074. Corporate insiders own 2.14% of the company’s stock.
Wall Street Analysts Forecast Growth
Teledyne Technologies Trading Up 0.0 %
TDY opened at $433.83 on Friday. Teledyne Technologies Incorporated has a fifty-two week low of $325.00 and a fifty-two week high of $493.97. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.85 and a quick ratio of 1.27. The company’s 50-day moving average is $429.84 and its 200 day moving average is $404.41. The firm has a market capitalization of $20.39 billion, a PE ratio of 26.25, a P/E/G ratio of 3.33 and a beta of 1.08.
Teledyne Technologies (NYSE:TDY – Get Rating) last issued its quarterly earnings data on Wednesday, January 25th. The scientific and technical instruments company reported $4.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.54 by $0.40. Teledyne Technologies had a net margin of 14.45% and a return on equity of 11.00%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the firm posted $4.56 EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, research analysts predict that Teledyne Technologies Incorporated will post 19.18 earnings per share for the current fiscal year.
Teledyne Technologies Profile
Teledyne Technologies, Inc engages in the provision of electronic and communication products for wireless and satellite systems. It operates through the following business segments: Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. The Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial, and other applications, and electronic test and measurement equipment.
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