Cardinal Capital Management raised its position in Teledyne Technologies Inc. (NYSE:TDY) by 6.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,754 shares of the company’s stock after buying an additional 227 shares during the period. Cardinal Capital Management’s holdings in Teledyne Technologies were worth $372,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in TDY. First Midwest Bank Trust Division raised its position in Teledyne Technologies by 47.2% in the second quarter. First Midwest Bank Trust Division now owns 4,425 shares of the company’s stock valued at $438,000 after buying an additional 1,419 shares during the last quarter. Bank of Montreal Can purchased a new position in Teledyne Technologies during the second quarter valued at about $106,000. Daiwa Securities Group Inc. raised its position in Teledyne Technologies by 1.0% in the second quarter. Daiwa Securities Group Inc. now owns 21,150 shares of the company’s stock valued at $2,095,000 after buying an additional 210 shares during the last quarter. Sprucegrove Investment Management Ltd. raised its position in Teledyne Technologies by 7.7% in the second quarter. Sprucegrove Investment Management Ltd. now owns 100,200 shares of the company’s stock valued at $9,925,000 after buying an additional 7,200 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in Teledyne Technologies by 75.1% in the second quarter. LS Investment Advisors LLC now owns 2,128 shares of the company’s stock valued at $211,000 after buying an additional 913 shares during the last quarter. Institutional investors and hedge funds own 87.85% of the company’s stock.
Teledyne Technologies Inc. (NYSE:TDY) traded down 0.37% during midday trading on Tuesday, reaching $106.92. The company’s stock had a trading volume of 64,877 shares. The company has a 50 day moving average of $107.25 and a 200-day moving average of $99.31. The company has a market capitalization of $3.71 billion, a P/E ratio of 20.09 and a beta of 0.94. Teledyne Technologies Inc. has a 1-year low of $73.66 and a 1-year high of $110.61.
Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.08. The business earned $534.90 million during the quarter, compared to the consensus estimate of $546.57 million. Teledyne Technologies had a return on equity of 13.03% and a net margin of 8.46%. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 earnings per share. Equities research analysts anticipate that Teledyne Technologies Inc. will post $5.16 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on TDY shares. CL King lowered Teledyne Technologies from a “buy” rating to a “neutral” rating and set a $107.00 target price on the stock. in a research note on Wednesday, July 6th. Zacks Investment Research raised Teledyne Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Teledyne Technologies in a research report on Monday, July 11th.
In other news, COO Aldo Pichelli sold 1,465 shares of Teledyne Technologies stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $106.00, for a total value of $155,290.00. Following the completion of the sale, the chief operating officer now owns 79,573 shares of the company’s stock, valued at $8,434,738. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul David Miller sold 4,695 shares of Teledyne Technologies stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $108.56, for a total value of $509,689.20. Following the completion of the sale, the director now directly owns 21,257 shares of the company’s stock, valued at approximately $2,307,659.92. The disclosure for this sale can be found here. 3.93% of the stock is owned by insiders.
About Teledyne Technologies
Teledyne Technologies Incorporated provides enabling technologies for industrial markets. The Company caters to a range of markets, which include deepwater oil and gas exploration and production, oceanographic research, and air and water quality environmental monitoring. Its products include monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, and electronic test and measurement equipment.
Want to see what other hedge funds are holding TDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teledyne Technologies Inc. (NYSE:TDY).
Receive News & Ratings for Teledyne Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.