Prudential Financial Inc. lifted its position in Teledyne Technologies Incorporated (NYSE:TDY) by 8.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 122,552 shares of the scientific and technical instruments company’s stock after acquiring an additional 9,463 shares during the period. Prudential Financial Inc. owned 0.34% of Teledyne Technologies worth $25,376,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in TDY. Select Equity Group L.P. bought a new position in shares of Teledyne Technologies in the 3rd quarter worth approximately $81,211,000. AQR Capital Management LLC boosted its stake in Teledyne Technologies by 107.7% during the 3rd 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 purchasing an additional 285,208 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Teledyne Technologies by 81.1% during the 3rd quarter. Wells Fargo & Company MN now owns 578,648 shares of the scientific and technical instruments company’s stock valued at $142,740,000 after purchasing an additional 259,094 shares during the last quarter. Vanguard Group Inc boosted its stake in Teledyne Technologies by 3.3% during the 3rd 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 purchasing an additional 96,848 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its stake in Teledyne Technologies by 5.7% during the 3rd quarter. William Blair Investment Management LLC now owns 797,164 shares of the scientific and technical instruments company’s stock valued at $196,644,000 after purchasing an additional 43,167 shares during the last quarter. 85.16% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Paul David Miller sold 10,030 shares of Teledyne Technologies stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $225.00, for a total transaction of $2,256,750.00. Following the completion of the sale, the director now owns 21,653 shares of the company’s stock, valued at $4,871,925. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Mehrabian sold 8,316 shares of the company’s stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $220.00, for a total value of $1,829,520.00. Following the transaction, the insider now directly owns 191,469 shares in the company, valued at $42,123,180. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,452 shares of company stock valued at $9,083,309. 3.73% of the stock is currently owned by company insiders.
Teledyne Technologies stock traded up $0.68 during trading on Wednesday, reaching $233.07. The company had a trading volume of 826 shares, compared to its average volume of 136,240. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.04 and a current ratio of 1.55. The stock has a market cap of $8.50 billion, a P/E ratio of 26.17, a P/E/G ratio of 3.49 and a beta of 1.11. Teledyne Technologies Incorporated has a 52 week low of $177.68 and a 52 week high of $250.87.
Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, January 23rd. The scientific and technical instruments company reported $2.45 EPS for the quarter, beating the Zacks’ consensus estimate of $2.18 by $0.27. Teledyne Technologies had a return on equity of 14.97% and a net margin of 11.50%. The business had revenue of $748.40 million for the quarter, compared to analysts’ expectations of $728.04 million. During the same period last year, the firm earned $1.82 earnings per share. The business’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts predict that Teledyne Technologies Incorporated will post 9 EPS for the current year.
Separately, Zacks Investment Research downgraded Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 10th.
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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, 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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