Parametrica Management Ltd bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,439 shares of the scientific and technical instruments company’s stock, valued at approximately $442,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in Teledyne Technologies during the fourth quarter worth about $101,000. Tower Research Capital LLC TRC grew its position in Teledyne Technologies by 1,204.0% during the second 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. Zions Bancorporation acquired a new stake in Teledyne Technologies during the third quarter worth about $220,000. AMP Capital Investors Ltd acquired a new stake in Teledyne Technologies during the third quarter worth about $223,000. Finally, ETF Managers Group LLC acquired a new stake in Teledyne Technologies during the second quarter worth about $181,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on TDY shares. Needham & Company LLC lifted 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. Jefferies Group lifted 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. ValuEngine downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research downgraded Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $180.33.
Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Thursday, February 1st. The scientific and technical instruments company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.21. The firm had revenue of $704.40 million during the quarter, compared to analysts’ expectations of $669.25 million. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.64 earnings per share. equities analysts expect that Teledyne Technologies Incorporated will post 6.7 EPS for the current year.
In other Teledyne Technologies news, VP Cynthia Y. Belak sold 1,700 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $185.44, for a total transaction of $315,248.00. Following the completion of the transaction, the vice president now owns 6,903 shares in the company, valued at $1,280,092.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jason Vanwees sold 4,500 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $182.83, for a total transaction of $822,735.00. Following the transaction, the senior vice president now owns 33,659 shares of the company’s stock, valued at approximately $6,153,874.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,364 shares of company stock valued at $4,643,847. Corporate insiders own 3.30% of the company’s stock.
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Teledyne Technologies Company Profile
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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