Stifel Financial Corp Has $2.11 Million Holdings in Teledyne Technologies Incorporated (TDY)

Stifel Financial Corp raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,287 shares of the scientific and technical instruments company’s stock after acquiring an additional 365 shares during the quarter. Stifel Financial Corp’s holdings in Teledyne Technologies were worth $2,112,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC bought a new position in shares of Teledyne Technologies in the second quarter valued at approximately $280,989,000. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Teledyne Technologies by 2.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,070,860 shares of the scientific and technical instruments company’s stock valued at $170,460,000 after purchasing an additional 25,677 shares during the period. Earnest Partners LLC raised its position in shares of Teledyne Technologies by 1.3% in the second quarter. Earnest Partners LLC now owns 630,042 shares of the scientific and technical instruments company’s stock valued at $80,425,000 after purchasing an additional 8,144 shares during the period. Bank of New York Mellon Corp raised its position in shares of Teledyne Technologies by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 507,621 shares of the scientific and technical instruments company’s stock valued at $80,804,000 after purchasing an additional 6,682 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Teledyne Technologies by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 429,459 shares of the scientific and technical instruments company’s stock valued at $68,362,000 after purchasing an additional 14,299 shares during the period. Hedge funds and other institutional investors own 84.07% of the company’s stock.

In related news, Director Simon M. Lorne sold 4,958 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $181.64, for a total transaction of $900,571.12. Following the transaction, the director now owns 30,297 shares of the company’s stock, valued at $5,503,147.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Schack Wesley W. Von sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $178.50, for a total transaction of $357,000.00. Following the transaction, the director now directly owns 13,358 shares in the company, valued at approximately $2,384,403. The disclosure for this sale can be found here. Insiders have sold 25,364 shares of company stock worth $4,643,847 in the last ninety days. 3.30% of the stock is currently owned by insiders.

A number of equities analysts have recently commented on TDY shares. Zacks Investment Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Jefferies Group lifted their price target on shares of Teledyne Technologies from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Finally, Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $157.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $175.33.

Teledyne Technologies Incorporated (TDY) opened at $181.31 on Friday. Teledyne Technologies Incorporated has a 52-week low of $119.67 and a 52-week high of $186.54. The company has a market cap of $6,441.65, a P/E ratio of 27.50, a PEG ratio of 3.62 and a beta of 1.03. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.98 and a quick ratio of 1.16.

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