Gargoyle Investment Advisor L.L.C. held its position in shares of Teledyne Technologies Inc. (NYSE:TDY) during the second quarter, Holdings Channel reports. The institutional investor owned 5,704 shares of the company’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in Teledyne Technologies were worth $565,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can purchased a new stake in Teledyne Technologies during the second quarter worth approximately $106,000. Springbok Capital Management LLC increased its stake in Teledyne Technologies by 800.0% in the first quarter. Springbok Capital Management LLC now owns 1,800 shares of the company’s stock worth $159,000 after buying an additional 1,600 shares during the last quarter. LS Investment Advisors LLC increased its stake in Teledyne Technologies by 75.1% in the second quarter. LS Investment Advisors LLC now owns 2,128 shares of the company’s stock worth $211,000 after buying an additional 913 shares during the last quarter. Capstone Asset Management Co. purchased a new stake in Teledyne Technologies during the second quarter worth approximately $229,000. Finally, First Midwest Bank Trust Division increased its stake 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 worth $438,000 after buying an additional 1,419 shares during the last quarter. Institutional investors own 87.85% of the company’s stock.
Teledyne Technologies Inc. (NYSE:TDY) traded up 0.64% during trading on Wednesday, reaching $107.60. 120,033 shares of the company’s stock were exchanged. The company’s 50-day moving average is $107.32 and its 200-day moving average is $99.51. Teledyne Technologies Inc. has a 1-year low of $73.66 and a 1-year high of $110.61. The company has a market capitalization of $3.73 billion, a PE ratio of 20.22 and a beta of 0.94.
Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.08. Teledyne Technologies had a net margin of 8.46% and a return on equity of 13.03%. The firm earned $534.90 million during the quarter, compared to analyst estimates of $546.57 million. During the same quarter last year, the business posted $1.34 EPS. The company’s revenue was down 6.7% on a year-over-year basis. Equities research analysts expect that Teledyne Technologies Inc. will post $5.16 earnings per share for the current fiscal year.
A number of research firms have recently commented on TDY. Zacks Investment Research downgraded Teledyne Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. CL King downgraded Teledyne Technologies from a “buy” rating to a “neutral” rating and set a $107.00 price target for the company. in a report on Wednesday, July 6th. Finally, Jefferies Group increased their price target on Teledyne Technologies from $90.00 to $105.00 and gave the company a “hold” rating in a report on Friday, August 5th.
In related news, VP Melanie Susan Cibik sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $108.47, for a total value of $759,290.00. Following the completion of the transaction, the vice president now owns 35,067 shares of the company’s stock, valued at approximately $3,803,717.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul David Miller sold 4,695 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $108.56, for a total transaction of $509,689.20. Following the completion of the transaction, 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 currently owned by corporate 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.
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