Northwestern Mutual Investment Management Company LLC Trims Stake in Teledyne Technologies Incorporated (TDY)

Northwestern Mutual Investment Management Company LLC trimmed its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,947 shares of the scientific and technical instruments company’s stock after selling 122 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Teledyne Technologies were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TDY. BlackRock Inc. lifted its holdings in shares of Teledyne Technologies by 17,074.2% during the 1st quarter. BlackRock Inc. now owns 3,937,353 shares of the scientific and technical instruments company’s stock valued at $497,917,000 after buying an additional 3,914,427 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Teledyne Technologies by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 2,671,329 shares of the scientific and technical instruments company’s stock valued at $337,816,000 after buying an additional 151,201 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Teledyne Technologies by 46.9% during the 1st quarter. Clearbridge Investments LLC now owns 469,287 shares of the scientific and technical instruments company’s stock valued at $59,346,000 after buying an additional 149,844 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Teledyne Technologies by 85.5% during the 2nd quarter. Principal Financial Group Inc. now owns 268,662 shares of the scientific and technical instruments company’s stock valued at $34,295,000 after buying an additional 123,831 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Teledyne Technologies by 4.9% during the 1st quarter. State Street Corp now owns 1,260,869 shares of the scientific and technical instruments company’s stock valued at $159,450,000 after buying an additional 58,466 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Shares of Teledyne Technologies Incorporated (TDY) opened at 153.64 on Tuesday. Teledyne Technologies Incorporated has a 12-month low of $101.90 and a 12-month high of $153.78. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 28.33 and a beta of 0.96. The company has a 50-day moving average price of $144.55 and a 200 day moving average price of $133.66.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.25 by $0.49. Teledyne Technologies had a return on equity of 13.80% and a net margin of 8.44%. The firm had revenue of $671.10 million during the quarter, compared to analysts’ expectations of $636.18 million. During the same period in the prior year, the firm posted $1.32 earnings per share. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. Equities research analysts expect that Teledyne Technologies Incorporated will post $5.69 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on TDY shares. Jefferies Group LLC reiterated a “hold” rating and set a $140.00 price target on shares of Teledyne Technologies in a report on Monday, May 15th. Zacks Investment Research lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Finally, BidaskClub lowered Teledyne Technologies from a “hold” rating to a “sell” rating in a report on Friday, June 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $157.67.

In related news, VP Melanie Susan Cibik sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $146.20, for a total transaction of $584,800.00. Following the completion of the transaction, the vice president now directly owns 26,280 shares of the company’s stock, valued at $3,842,136. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas H. Reslewic purchased 5,000 shares of Teledyne Technologies stock in a transaction that occurred on Thursday, June 29th. The shares were bought at an average cost of $124.50 per share, with a total value of $622,500.00. The disclosure for this purchase can be found here. Insiders have sold 14,000 shares of company stock valued at $2,060,420 over the last three months. Insiders own 3.30% of the company’s stock.

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About Teledyne Technologies

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

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

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