Deutsche Bank AG grew its position in Teledyne Technologies Incorporated (NYSE:TDY) by 32.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,425 shares of the scientific and technical instruments company’s stock after purchasing an additional 14,847 shares during the quarter. Deutsche Bank AG owned about 0.17% of Teledyne Technologies worth $12,509,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in TDY. AQR Capital Management LLC grew its holdings in shares of Teledyne Technologies by 107.7% during the third quarter. AQR Capital Management LLC now owns 550,136 shares of the scientific and technical instruments company’s stock valued at $135,708,000 after buying an additional 285,208 shares during the last quarter. Norges Bank purchased a new stake in shares of Teledyne Technologies during the fourth quarter valued at $56,856,000. BlackRock Inc. grew its holdings in shares of Teledyne Technologies by 5.8% during the fourth quarter. BlackRock Inc. now owns 3,860,980 shares of the scientific and technical instruments company’s stock valued at $799,492,000 after buying an additional 210,116 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Teledyne Technologies by 3.3% during the third quarter. Vanguard Group Inc now owns 3,054,919 shares of the scientific and technical instruments company’s stock valued at $753,588,000 after buying an additional 96,848 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Teledyne Technologies by 8.9% during the fourth quarter. Westfield Capital Management Co. LP now owns 667,232 shares of the scientific and technical instruments company’s stock valued at $138,164,000 after buying an additional 54,400 shares during the last quarter. 84.73% of the stock is currently owned by hedge funds and other institutional investors.
In other Teledyne Technologies news, insider Robert Mehrabian sold 8,316 shares of the company’s stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $220.00, for a total value of $1,829,520.00. Following the sale, the insider now directly owns 191,469 shares of the company’s stock, valued at $42,123,180. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Schack Wesley W. Von sold 10,000 shares of the company’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $226.00, for a total transaction of $2,260,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,003 shares of company stock worth $9,212,822. 3.19% of the stock is owned by corporate insiders.
Shares of TDY opened at $252.71 on Tuesday. The firm has a market cap of $9.13 billion, a PE ratio of 28.46, a P/E/G ratio of 3.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.04 and a current ratio of 1.55. Teledyne Technologies Incorporated has a 1-year low of $177.68 and a 1-year high of $252.96.
Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 23rd. The scientific and technical instruments company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.27. Teledyne Technologies had a net margin of 11.50% and a return on equity of 14.97%. The firm had revenue of $748.40 million for the quarter, compared to analyst estimates of $728.04 million. During the same period in the previous year, the company earned $1.82 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. Sell-side analysts anticipate that Teledyne Technologies Incorporated will post 9.38 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 10th. Cowen assumed coverage on shares of Teledyne Technologies in a report on Tuesday, April 2nd. They set an “outperform” rating and a $265.00 price objective on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $248.00 price objective (up from $240.00) on shares of Teledyne Technologies in a report on Friday, March 15th.
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Teledyne Technologies Company Profile
Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Denmark, Canada, France, and the Netherlands. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments.
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