CI Global Investments Inc. trimmed its position in Teledyne Technologies Incorporated (NYSE:TDY) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 837,422 shares of the scientific and technical instruments company’s stock after selling 1,753 shares during the period. Teledyne Technologies accounts for 2.7% of CI Global Investments Inc.’s investment portfolio, making the stock its 15th biggest position. CI Global Investments Inc. owned about 2.37% of Teledyne Technologies worth $133,301,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Teledyne Technologies by 1,204.0% during 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 acquiring an additional 1,204 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Teledyne Technologies by 15.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,325 shares of the scientific and technical instruments company’s stock worth $169,000 after acquiring an additional 177 shares during the last quarter. ETF Managers Group LLC bought a new stake in shares of Teledyne Technologies during the 2nd quarter worth $181,000. HighTower Advisors LLC bought a new stake in shares of Teledyne Technologies during the 1st quarter worth $219,000. Finally, Trexquant Investment LP bought a new stake in shares of Teledyne Technologies during the 2nd quarter worth $230,000. 83.39% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on TDY. Needham & Company LLC reaffirmed a “buy” rating and set a $157.00 price objective (up from $148.00) on shares of Teledyne Technologies in a report on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “hold” rating and set a $150.00 price objective (up from $145.00) on shares of Teledyne Technologies in a report on Wednesday, August 9th. BidaskClub raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. ValuEngine downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research downgraded shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $175.33.
In other Teledyne Technologies news, Director Roxanne S. Austin sold 4,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $148.30, for a total value of $593,200.00. Following the transaction, the director now owns 11,458 shares in the company, valued at $1,699,221.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sue Main sold 7,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $183.88, for a total transaction of $1,287,160.00. Following the completion of the transaction, the chief financial officer now owns 40,874 shares in the company, valued at approximately $7,515,911.12. The disclosure for this sale can be found here. Insiders sold 16,706 shares of company stock valued at $2,923,467 over the last three months. 3.30% of the stock is currently owned by insiders.
Teledyne Technologies Incorporated (TDY) traded down $1.26 during trading on Tuesday, reaching $179.37. 136,400 shares of the company’s stock traded hands, compared to its average volume of 168,901. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.98 and a quick ratio of 1.16. The company has a market capitalization of $6,330.00, a P/E ratio of 27.33, a PEG ratio of 3.59 and a beta of 1.01. Teledyne Technologies Incorporated has a 1-year low of $117.06 and a 1-year high of $185.66.
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, topping the consensus estimate of $1.62 by $0.34. The business had revenue of $662.20 million during the quarter, compared to the consensus estimate of $656.20 million. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 earnings per share. analysts predict that Teledyne Technologies Incorporated will post 6.7 earnings per share for the current year.
Teledyne Technologies 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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