TLP Group LLC Has $454,000 Stake in Teledyne Technologies Incorporated (TDY)

TLP Group LLC raised its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 112.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,427 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,282 shares during the quarter. TLP Group LLC’s holdings in Teledyne Technologies were worth $454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Verition Fund Management LLC raised its holdings in shares of Teledyne Technologies by 23.8% in the first quarter. Verition Fund Management LLC now owns 4,400 shares of the scientific and technical instruments company’s stock worth $824,000 after acquiring an additional 846 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Teledyne Technologies by 128.2% in the first quarter. Cubist Systematic Strategies LLC now owns 890 shares of the scientific and technical instruments company’s stock worth $167,000 after acquiring an additional 500 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Teledyne Technologies by 43.9% in the first quarter. Point72 Asset Management L.P. now owns 18,706 shares of the scientific and technical instruments company’s stock worth $3,501,000 after acquiring an additional 5,706 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of Teledyne Technologies by 1.4% in the first quarter. Earnest Partners LLC now owns 617,714 shares of the scientific and technical instruments company’s stock worth $115,618,000 after acquiring an additional 8,749 shares during the last quarter. Finally, Natixis raised its holdings in shares of Teledyne Technologies by 12.0% in the first quarter. Natixis now owns 11,972 shares of the scientific and technical instruments company’s stock worth $2,241,000 after acquiring an additional 1,285 shares during the last quarter. 84.05% of the stock is owned by institutional investors.

In other Teledyne Technologies news, VP Edwin Roks sold 11,334 shares of the business’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $206.00, for a total transaction of $2,334,804.00. Following the completion of the sale, the vice president now owns 8,570 shares of the company’s stock, valued at $1,765,420. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas H. Reslewic sold 10,000 shares of the business’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $197.93, for a total value of $1,979,300.00. Following the sale, the vice president now directly owns 26,409 shares of the company’s stock, valued at approximately $5,227,133.37. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,048 shares of company stock valued at $21,801,902. 3.73% of the stock is owned by company insiders.

Shares of NYSE:TDY traded down $0.51 during midday trading on Thursday, reaching $207.71. The company’s stock had a trading volume of 810 shares, compared to its average volume of 161,301. The company has a market cap of $7.51 billion, a P/E ratio of 30.09, a P/E/G ratio of 3.71 and a beta of 1.02. The company has a quick ratio of 1.22, a current ratio of 1.91 and a debt-to-equity ratio of 0.50. Teledyne Technologies Incorporated has a 1 year low of $123.29 and a 1 year high of $214.32.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Thursday, May 3rd. The scientific and technical instruments company reported $1.81 EPS for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.26. The business had revenue of $695.60 million during the quarter, compared to the consensus estimate of $661.58 million. Teledyne Technologies had a return on equity of 14.33% and a net margin of 9.63%. The business’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 earnings per share. sell-side analysts expect that Teledyne Technologies Incorporated will post 7.55 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective (up previously from $205.00) on shares of Teledyne Technologies in a research report on Friday, May 4th. ValuEngine raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $197.67.

Teledyne Technologies 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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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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