Cubist Systematic Strategies LLC Reduces Stake in Teledyne Technologies Incorporated (TDY)

Cubist Systematic Strategies LLC lessened its position in Teledyne Technologies Incorporated (NYSE:TDY) by 88.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,142 shares of the scientific and technical instruments company’s stock after selling 48,847 shares during the period. Cubist Systematic Strategies LLC’s holdings in Teledyne Technologies were worth $978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in shares of Teledyne Technologies by 1,204.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,304 shares of the scientific and technical instruments company’s stock worth $166,000 after buying an additional 1,204 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Teledyne Technologies by 15.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,325 shares of the scientific and technical instruments company’s stock worth $169,000 after purchasing an additional 177 shares during the period. ETF Managers Group LLC acquired a new stake in shares of Teledyne Technologies during the second quarter worth $181,000. Zions Bancorporation acquired a new stake in shares of Teledyne Technologies during the third quarter worth $220,000. Finally, AMP Capital Investors Ltd acquired a new stake in shares of Teledyne Technologies during the third quarter worth $223,000. 84.07% of the stock is currently owned by institutional investors.

TDY has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Jefferies Group boosted their target price on Teledyne Technologies from $150.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Finally, Needham & Company LLC boosted their target price on Teledyne Technologies from $157.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Teledyne Technologies presently has a consensus rating of “Hold” and a consensus price target of $175.33.

In related news, Director Simon M. Lorne sold 4,958 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $181.64, for a total transaction of $900,571.12. Following the transaction, the director now directly owns 30,297 shares of the company’s stock, valued at $5,503,147.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sue Main sold 7,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $183.88, for a total value of $1,287,160.00. Following the transaction, the chief financial officer now directly owns 40,874 shares in the company, valued at $7,515,911.12. The disclosure for this sale can be found here. Insiders have sold 25,364 shares of company stock worth $4,643,847 over the last three months. 3.30% of the stock is owned by insiders.

Teledyne Technologies Incorporated (NYSE:TDY) opened at $181.78 on Thursday. The firm has a market capitalization of $6,476.02, a price-to-earnings ratio of 27.65, a P/E/G ratio of 3.64 and a beta of 1.03. Teledyne Technologies Incorporated has a 52-week low of $119.67 and a 52-week high of $186.54. The company has a current ratio of 1.98, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.34. The firm had revenue of $662.20 million for the quarter, compared to analyst estimates of $656.20 million. Teledyne Technologies had a return on equity of 14.18% and a net margin of 8.67%. Teledyne Technologies’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.46 earnings per share. equities analysts predict that Teledyne Technologies Incorporated will post 6.7 EPS for the current fiscal year.

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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.

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

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