LPL Financial LLC Acquires 393 Shares of Teledyne Technologies Incorporated (TDY)

LPL Financial LLC boosted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,462 shares of the scientific and technical instruments company’s stock after buying an additional 393 shares during the quarter. LPL Financial LLC’s holdings in Teledyne Technologies were worth $1,171,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. grew its position in Teledyne Technologies by 2.8% during the fourth quarter. BlackRock Inc. now owns 3,476,666 shares of the scientific and technical instruments company’s stock valued at $629,798,000 after buying an additional 95,833 shares during the period. Dimensional Fund Advisors LP grew its position in Teledyne Technologies by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 429,459 shares of the scientific and technical instruments company’s stock valued at $68,362,000 after buying an additional 14,299 shares during the period. Fisher Asset Management LLC grew its position in Teledyne Technologies by 5.8% during the fourth quarter. Fisher Asset Management LLC now owns 348,849 shares of the scientific and technical instruments company’s stock valued at $63,194,000 after buying an additional 19,179 shares during the period. Wells Fargo & Company MN grew its position in Teledyne Technologies by 1.6% during the fourth quarter. Wells Fargo & Company MN now owns 317,486 shares of the scientific and technical instruments company’s stock valued at $57,512,000 after buying an additional 5,143 shares during the period. Finally, Geode Capital Management LLC grew its position in Teledyne Technologies by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 295,771 shares of the scientific and technical instruments company’s stock valued at $53,578,000 after buying an additional 3,237 shares during the period. Institutional investors own 85.03% of the company’s stock.

How to Become a New Pot Stock Millionaire

Shares of NYSE TDY opened at $185.57 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.87 and a quick ratio of 1.13. Teledyne Technologies Incorporated has a 12-month low of $121.58 and a 12-month high of $201.40. The company has a market cap of $6,624.29, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 3.28 and a beta of 0.99.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Thursday, February 1st. The scientific and technical instruments company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.21. Teledyne Technologies had a net margin of 8.73% and a return on equity of 14.07%. The business had revenue of $704.40 million for the quarter, compared to the consensus estimate of $669.25 million. During the same quarter in the previous year, the firm earned $1.64 earnings per share. The company’s revenue for the quarter was up 27.4% on a year-over-year basis. equities research analysts anticipate that Teledyne Technologies Incorporated will post 7.55 EPS for the current year.

In other Teledyne Technologies news, Director Kenneth C. Dahlberg sold 5,994 shares of Teledyne Technologies stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $182.44, for a total transaction of $1,093,545.36. Following the transaction, the director now owns 12,164 shares of the company’s stock, valued at $2,219,200.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert Mehrabian sold 35,000 shares of Teledyne Technologies stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $192.92, for a total transaction of $6,752,200.00. Following the transaction, the chairman now directly owns 284,072 shares in the company, valued at approximately $54,803,170.24. The disclosure for this sale can be found here. Insiders have sold 67,078 shares of company stock worth $12,858,091 in the last ninety days. Insiders own 3.73% of the company’s stock.

Several analysts recently issued reports on TDY shares. Zacks Investment Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 5th. ValuEngine upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Needham & Company LLC boosted their target price on shares of Teledyne Technologies to $205.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Teledyne Technologies currently has a consensus rating of “Buy” and an average target price of $196.00.

COPYRIGHT VIOLATION NOTICE: “LPL Financial LLC Acquires 393 Shares of Teledyne Technologies Incorporated (TDY)” was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.tickerreport.com/banking-finance/3342852/lpl-financial-llc-acquires-393-shares-of-teledyne-technologies-incorporated-tdy.html.

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.

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 Incorporated (NYSE:TDY).

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

Receive News & Ratings for Teledyne Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

GlobalBoost-Y Price Up 19.1% This Week
GlobalBoost-Y Price Up 19.1% This Week
Ultimate Secure Cash  Price Down 38.2% This Week
Ultimate Secure Cash Price Down 38.2% This Week
Infinity Economics  Hits 1-Day Trading Volume of $236,592.00
Infinity Economics Hits 1-Day Trading Volume of $236,592.00
Charles Taylor plc  Announces Dividend of GBX 7.70
Charles Taylor plc Announces Dividend of GBX 7.70
Dunedin Enterprise IT  to Issue Dividend of GBX 5.50 on  May 17th
Dunedin Enterprise IT to Issue Dividend of GBX 5.50 on May 17th
Impax Environmental Markets  Declares Dividend of GBX 2.50
Impax Environmental Markets Declares Dividend of GBX 2.50


Leave a Reply

© 2006-2018 Ticker Report. Google+.