DekaBank Deutsche Girozentrale lessened its holdings in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 15.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,342 shares of the scientific and technical instruments company’s stock after selling 22,001 shares during the period. DekaBank Deutsche Girozentrale owned about 0.26% of Teledyne Technologies worth $49,522,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in TDY. Raymond James Financial Services Advisors Inc. raised its stake in shares of Teledyne Technologies by 93.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,068 shares of the scientific and technical instruments company’s stock valued at $1,923,000 after acquiring an additional 1,965 shares during the period. American Century Companies Inc. increased its stake in Teledyne Technologies by 4.0% during the 1st quarter. American Century Companies Inc. now owns 1,911 shares of the scientific and technical instruments company’s stock worth $903,000 after buying an additional 74 shares during the period. Private Advisor Group LLC increased its stake in Teledyne Technologies by 40.1% during the 1st quarter. Private Advisor Group LLC now owns 796 shares of the scientific and technical instruments company’s stock worth $376,000 after buying an additional 228 shares during the period. Cibc World Market Inc. increased its stake in Teledyne Technologies by 62.5% during the 1st quarter. Cibc World Market Inc. now owns 1,370 shares of the scientific and technical instruments company’s stock worth $648,000 after buying an additional 527 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in Teledyne Technologies by 1,272.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,400 shares of the scientific and technical instruments company’s stock worth $662,000 after buying an additional 1,298 shares during the period. Hedge funds and other institutional investors own 87.57% of the company’s stock.
Insider Buying and Selling
In other news, Director Schack Wesley W. Von sold 376 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $412.30, for a total transaction of $155,024.80. Following the sale, the director now owns 11,967 shares in the company, valued at $4,933,994.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Jane Cecile Sherburne sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $406.77, for a total transaction of $813,540.00. Following the sale, the director now owns 5,501 shares in the company, valued at $2,237,641.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Schack Wesley W. Von sold 376 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $412.30, for a total transaction of $155,024.80. Following the sale, the director now owns 11,967 shares in the company, valued at approximately $4,933,994.10. The disclosure for this sale can be found here. Insiders have sold 61,646 shares of company stock worth $25,717,295 in the last ninety days. 2.14% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Teledyne Technologies in a research note on Thursday. They set a “hold” rating on the stock. UBS Group assumed coverage on shares of Teledyne Technologies in a research note on Wednesday, September 27th. They set a “buy” rating and a $495.00 price target on the stock. BNP Paribas assumed coverage on shares of Teledyne Technologies in a research report on Thursday. They issued an “outperform” rating and a $530.00 target price for the company. Needham & Company LLC dropped their target price on shares of Teledyne Technologies from $470.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday, July 27th. Finally, The Goldman Sachs Group raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $423.00 to $495.00 in a research report on Monday, August 14th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.86.
Get Our Latest Research Report on TDY
Teledyne Technologies Trading Up 0.8 %
NYSE TDY opened at $401.42 on Friday. Teledyne Technologies Incorporated has a one year low of $325.00 and a one year high of $448.71. The firm has a market capitalization of $18.90 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 3.28 and a beta of 1.02. The company has a 50-day simple moving average of $404.99 and a 200-day simple moving average of $410.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.02 and a current ratio of 1.62.
Teledyne Technologies (NYSE:TDY – Get Free Report) last released its quarterly earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.63 by $0.04. Teledyne Technologies had a net margin of 13.75% and a return on equity of 10.90%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the firm earned $4.43 EPS. Teledyne Technologies’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Teledyne Technologies Incorporated will post 19.11 earnings per share for the current year.
About Teledyne Technologies
(Free Report)
Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, France, and internationally. 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.
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