Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Credit Suisse AG

Credit Suisse AG reduced its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 32.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,860 shares of the scientific and technical instruments company’s stock after selling 17,336 shares during the period. Credit Suisse AG owned approximately 0.10% of Teledyne Technologies worth $4,661,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in shares of Teledyne Technologies by 11.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,010 shares of the scientific and technical instruments company’s stock worth $739,000 after buying an additional 600 shares during the last quarter. Liberty Mutual Group Asset Management Inc. raised its position in shares of Teledyne Technologies by 5.9% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 15,977 shares of the scientific and technical instruments company’s stock worth $2,020,000 after buying an additional 889 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Teledyne Technologies by 6.0% in the first quarter. Vanguard Group Inc. now owns 2,671,329 shares of the scientific and technical instruments company’s stock worth $337,816,000 after buying an additional 151,201 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Teledyne Technologies by 4.0% in the first quarter. Ameriprise Financial Inc. now owns 135,005 shares of the scientific and technical instruments company’s stock worth $17,074,000 after buying an additional 5,212 shares during the last quarter. Finally, Retirement Systems of Alabama raised its position in shares of Teledyne Technologies by 0.8% in the first quarter. Retirement Systems of Alabama now owns 45,465 shares of the scientific and technical instruments company’s stock worth $5,750,000 after buying an additional 343 shares during the last quarter. Institutional investors and hedge funds own 83.17% of the company’s stock.

Teledyne Technologies Incorporated (TDY) traded down 0.05% on Friday, reaching $143.94. The company’s stock had a trading volume of 172,422 shares. The company has a 50-day moving average price of $138.49 and a 200 day moving average price of $131.84. The company has a market cap of $5.09 billion, a P/E ratio of 26.54 and a beta of 0.98. Teledyne Technologies Incorporated has a 12 month low of $101.90 and a 12 month high of $148.62.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.49. The firm 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 in the previous year, the firm earned $1.32 EPS. On average, equities research analysts anticipate that Teledyne Technologies Incorporated will post $5.69 EPS for the current fiscal year.

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Several research firms have issued reports on TDY. Zacks Investment Research upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research note on Friday, June 2nd. BidaskClub upgraded Teledyne Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Jefferies Group LLC reiterated a “hold” rating and set a $150.00 price objective (up from $145.00) on shares of Teledyne Technologies in a research note on Wednesday, August 9th. Finally, Needham & Company LLC upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a research note on Wednesday, July 5th.

In related news, Chairman Robert Mehrabian acquired 10,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was purchased at an average cost of $129.41 per share, with a total value of $1,294,100.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul David Miller sold 4,590 shares of Teledyne Technologies stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $130.00, for a total value of $596,700.00. Following the completion of the transaction, the director now directly owns 21,992 shares of the company’s stock, valued at $2,858,960. The disclosure for this sale can be found here. Insiders sold a total of 25,207 shares of company stock valued at $3,459,722 over the last ninety days. Insiders own 3.30% of the company’s stock.

About Teledyne Technologies

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.

Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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