Jump Financial LLC acquired a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,100 shares of the scientific and technical instruments company’s stock, valued at approximately $492,000.
Other institutional investors and hedge funds have also modified their holdings of the company. ProShare Advisors LLC boosted its stake in Teledyne Technologies by 0.3% during the 4th quarter. ProShare Advisors LLC now owns 7,631 shares of the scientific and technical instruments company’s stock valued at $3,052,000 after acquiring an additional 24 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Teledyne Technologies by 2.6% in the 4th quarter. Baird Financial Group Inc. now owns 944 shares of the scientific and technical instruments company’s stock worth $378,000 after buying an additional 24 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Teledyne Technologies by 0.8% in the 4th 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 buying an additional 28 shares during the last quarter. Texas Permanent School Fund lifted its position in shares of Teledyne Technologies by 0.4% in the 4th quarter. Texas Permanent School Fund now owns 6,659 shares of the scientific and technical instruments company’s stock worth $2,663,000 after buying an additional 28 shares during the last quarter. Finally, First Manhattan Co. lifted its position in shares of Teledyne Technologies by 0.6% in the 4th quarter. First Manhattan Co. now owns 4,466 shares of the scientific and technical instruments company’s stock worth $1,786,000 after buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Insider Transactions at Teledyne Technologies
In other news, VP Melanie Susan Cibik sold 2,000 shares of Teledyne Technologies stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $413.00, for a total value of $826,000.00. Following the transaction, the vice president now owns 27,305 shares of the company’s stock, valued at approximately $11,276,965. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.14% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, May 26th. Needham & Company LLC reduced their price target on shares of Teledyne Technologies from $470.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday, July 27th. Credit Suisse Group dropped their price objective on shares of Teledyne Technologies from $503.00 to $499.00 in a report on Friday, April 28th. Finally, Bank of America increased their price objective on shares of Teledyne Technologies from $533.00 to $565.00 in a report on Thursday, May 25th.
Teledyne Technologies Stock Down 0.7 %
Teledyne Technologies stock opened at $379.26 on Monday. The stock has a market cap of $17.86 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 3.07 and a beta of 1.05. The company has a current ratio of 1.62, a quick ratio of 1.02 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $401.12 and its two-hundred day moving average price is $416.07. Teledyne Technologies Incorporated has a 52 week low of $325.00 and a 52 week high of $448.71.
Teledyne Technologies (NYSE:TDY – Get Free Report) last announced its quarterly earnings data on Wednesday, July 26th. The scientific and technical instruments company reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.04. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Teledyne Technologies had a net margin of 13.75% and a return on equity of 10.90%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.43 EPS. On average, analysts expect that Teledyne Technologies Incorporated will post 19.11 EPS for the current fiscal year.
Teledyne Technologies Company Profile
(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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