WINTON GROUP Ltd acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,313 shares of the scientific and technical instruments company’s stock, valued at approximately $893,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. Lido Advisors LLC purchased a new position in Teledyne Technologies during the 3rd quarter worth $202,000. Wedbush Securities Inc. purchased a new position in Teledyne Technologies in the third quarter valued at $212,000. Independence Advisors LLC acquired a new stake in shares of Teledyne Technologies during the third quarter worth about $214,000. Equitable Trust Co. acquired a new stake in shares of Teledyne Technologies during the 3rd quarter valued at approximately $214,000. Finally, Telemus Capital LLC purchased a new position in shares of Teledyne Technologies during the 3rd quarter worth approximately $216,000. 85.16% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 10th.
In other news, Director Schack Wesley W. Von sold 10,000 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $226.00, for a total value of $2,260,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth C. Dahlberg sold 6,106 shares of the company’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $227.16, for a total value of $1,387,038.96. Following the completion of the sale, the director now owns 12,834 shares of the company’s stock, valued at approximately $2,915,371.44. The disclosure for this sale can be found here. Insiders sold a total of 40,452 shares of company stock worth $9,083,309 over the last ninety days. Insiders own 3.73% of the company’s stock.
TDY traded up $0.96 during midday trading on Tuesday, hitting $236.32. The company had a trading volume of 945 shares, compared to its average volume of 130,585. The company has a current ratio of 1.55, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $8.49 billion, a PE ratio of 26.58, a PEG ratio of 3.49 and a beta of 1.11. Teledyne Technologies Incorporated has a twelve month low of $177.68 and a twelve month high of $250.87.
Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, January 23rd. The scientific and technical instruments company reported $2.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.27. The firm had revenue of $748.40 million for the quarter, compared to the consensus estimate of $728.04 million. Teledyne Technologies had a net margin of 11.50% and a return on equity of 14.97%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.82 earnings per share. On average, research analysts predict that Teledyne Technologies Incorporated will post 9 EPS for the current year.
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About Teledyne Technologies
Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, Canada, the United Kingdom, France, and internationally. 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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