Mackenzie Financial Corp lifted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,005 shares of the scientific and technical instruments company’s stock after purchasing an additional 53 shares during the period. Mackenzie Financial Corp’s holdings in Teledyne Technologies were worth $1,352,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. State of New Jersey Common Pension Fund D lifted its position in shares of Teledyne Technologies by 5.4% during the second quarter. State of New Jersey Common Pension Fund D now owns 26,564 shares of the scientific and technical instruments company’s stock worth $9,964,000 after purchasing an additional 1,365 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Teledyne Technologies by 66.7% during the second quarter. Janney Montgomery Scott LLC now owns 14,679 shares of the scientific and technical instruments company’s stock worth $5,502,000 after purchasing an additional 5,875 shares during the last quarter. Natixis Advisors LP lifted its position in shares of Teledyne Technologies by 40.6% during the first quarter. Natixis Advisors LP now owns 42,835 shares of the scientific and technical instruments company’s stock worth $20,245,000 after purchasing an additional 12,362 shares during the last quarter. Bank of America Corp DE lifted its holdings in Teledyne Technologies by 1.4% in the first quarter. Bank of America Corp DE now owns 389,426 shares of the scientific and technical instruments company’s stock worth $184,054,000 after acquiring an additional 5,260 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Teledyne Technologies by 328.0% in the second quarter. JPMorgan Chase & Co. now owns 236,024 shares of the scientific and technical instruments company’s stock worth $88,534,000 after acquiring an additional 180,884 shares during the last quarter. Institutional investors own 91.10% of the company’s stock.
Teledyne Technologies Price Performance
Shares of NYSE:TDY opened at $393.75 on Friday. The firm’s 50 day moving average is $398.92 and its two-hundred day moving average is $383.76. Teledyne Technologies Incorporated has a 52 week low of $325.00 and a 52 week high of $493.97. The firm has a market capitalization of $18.46 billion, a P/E ratio of 25.94, a PEG ratio of 3.13 and a beta of 1.09. The company has a current ratio of 1.78, a quick ratio of 1.19 and a debt-to-equity ratio of 0.47.
Teledyne Technologies (NYSE:TDY – Get Rating) last announced its quarterly earnings results on Wednesday, October 26th. The scientific and technical instruments company reported $4.54 EPS for the quarter, beating the consensus estimate of $4.30 by $0.24. Teledyne Technologies had a net margin of 13.37% and a return on equity of 10.95%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. Analysts anticipate that Teledyne Technologies Incorporated will post 17.77 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on TDY shares. Morgan Stanley raised shares of Teledyne Technologies from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $445.00 to $488.00 in a report on Monday, December 12th. Credit Suisse Group started coverage on shares of Teledyne Technologies in a report on Monday, December 12th. They issued an “outperform” rating and a $503.00 target price on the stock. Finally, StockNews.com started coverage on shares of Teledyne Technologies in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $487.67.
Insider Activity at Teledyne Technologies
In related news, VP Cynthia Y. Belak sold 5,046 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $412.05, for a total transaction of $2,079,204.30. Following the transaction, the vice president now owns 4,457 shares in the company, valued at $1,836,506.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Cynthia Y. Belak sold 5,046 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $412.05, for a total transaction of $2,079,204.30. Following the transaction, the vice president now owns 4,457 shares in the company, valued at $1,836,506.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sue Main sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $420.03, for a total transaction of $3,780,270.00. Following the transaction, the chief financial officer now owns 39,349 shares in the company, valued at approximately $16,527,760.47. The disclosure for this sale can be found here. Insiders have sold 19,505 shares of company stock worth $8,156,036 over the last quarter. 2.60% of the stock is currently owned by company insiders.
About Teledyne Technologies
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Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, 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.
See Also
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