First Trust Advisors LP grew its position in Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) by 22.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,121 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,788 shares during the period. First Trust Advisors LP owned about 0.07% of Teledyne Technologies worth $12,444,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of TDY. ProShare Advisors LLC increased its holdings in shares of Teledyne Technologies by 0.3% in the fourth quarter. ProShare Advisors LLC now owns 7,631 shares of the scientific and technical instruments company’s stock worth $3,052,000 after purchasing an additional 24 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Teledyne Technologies by 0.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,419 shares of the scientific and technical instruments company’s stock worth $1,367,000 after acquiring an additional 28 shares in the last quarter. Texas Permanent School Fund grew its position in Teledyne Technologies by 0.4% in the fourth quarter. Texas Permanent School Fund now owns 6,659 shares of the scientific and technical instruments company’s stock worth $2,663,000 after acquiring an additional 28 shares in the last quarter. Federated Hermes Inc. grew its position in Teledyne Technologies by 7.5% in the first quarter. Federated Hermes Inc. now owns 431 shares of the scientific and technical instruments company’s stock worth $204,000 after acquiring an additional 30 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its position in Teledyne Technologies by 0.9% during the third quarter. Guggenheim Capital LLC now owns 3,375 shares of the scientific and technical instruments company’s stock valued at $1,139,000 after buying an additional 30 shares during the period. 91.10% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Teledyne Technologies news, VP Melanie Susan Cibik sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $413.00, for a total transaction of $826,000.00. Following the completion of the transaction, the vice president now owns 27,305 shares of the company’s stock, valued at $11,276,965. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Teledyne Technologies news, VP Melanie Susan Cibik sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $413.00, for a total transaction of $826,000.00. Following the completion of the transaction, the vice president now owns 27,305 shares of the company’s stock, valued at $11,276,965. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Mehrabian sold 3,400 shares of the firm’s 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 approximately $86,296,208.84. The disclosure for this sale can be found here. 2.14% of the stock is owned by insiders.
Teledyne Technologies Stock Performance
Teledyne Technologies (NYSE:TDY – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The scientific and technical instruments company reported $4.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.10. Teledyne Technologies had a net margin of 13.67% and a return on equity of 10.98%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm earned $4.27 earnings per share. Teledyne Technologies’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts anticipate that Teledyne Technologies Incorporated will post 19.13 EPS for the current year.
Wall Street Analysts Forecast Growth
TDY has been the subject of several analyst reports. StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. Credit Suisse Group cut their price target on shares of Teledyne Technologies from $503.00 to $499.00 in a research report on Friday, April 28th. Finally, Needham & Company LLC lowered their price objective on shares of Teledyne Technologies from $498.00 to $470.00 in a research note on Thursday, April 27th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $485.67.
About Teledyne Technologies
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.
Read More
- Get a free copy of the StockNews.com research report on Teledyne Technologies (TDY)
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