Brown Advisory Inc. maintained its stake in Teledyne Technologies Inc. (NYSE:TDY) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,439 shares of the company’s stock at the end of the second quarter. Brown Advisory Inc.’s holdings in Teledyne Technologies were worth $242,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in Teledyne Technologies during the second quarter valued at approximately $106,000. Springbok Capital Management LLC boosted 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 valued at $159,000 after buying an additional 1,600 shares in the last quarter. LS Investment Advisors LLC boosted 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 valued at $211,000 after buying an additional 913 shares in the last quarter. Capstone Asset Management Co. bought a new stake in Teledyne Technologies during the second quarter valued at approximately $229,000. Finally, JPMorgan Chase & Co. boosted its stake in Teledyne Technologies by 1,909.5% in the second quarter. JPMorgan Chase & Co. now owns 2,753 shares of the company’s stock valued at $273,000 after buying an additional 2,616 shares in the last quarter. 87.85% of the stock is owned by hedge funds and other institutional investors.
Shares of Teledyne Technologies Inc. (NYSE:TDY) traded down 0.75% on Thursday, hitting $106.79. 2,136 shares of the company traded hands. The firm has a market capitalization of $3.70 billion, a P/E ratio of 20.07 and a beta of 0.94. The firm’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.
Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Thursday, August 4th. The company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.08. Teledyne Technologies had a net margin of 8.46% and a return on equity of 13.03%. The company had revenue of $534.90 million for the quarter, compared to the consensus estimate of $546.57 million. During the same quarter in the prior year, the company earned $1.34 EPS. Teledyne Technologies’s quarterly revenue was down 6.7% on a year-over-year basis. On average, analysts anticipate that Teledyne Technologies Inc. will post $5.16 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday. Jefferies Group increased their price target on shares of Teledyne Technologies from $90.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, August 5th. Finally, CL King lowered shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and set a $107.00 price target for the company. in a research note on Wednesday, July 6th.
In related news, CFO Sue Main sold 6,660 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $106.52, for a total value of $709,423.20. Following the transaction, the chief financial officer now owns 32,179 shares in the company, valued at approximately $3,427,707.08. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Roxanne S. Austin sold 4,000 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $105.55, for a total transaction of $422,200.00. Following the completion of the transaction, the director now owns 10,639 shares in the company, valued at approximately $1,122,946.45. The disclosure for this sale can be found here. 3.93% of the stock is currently owned by corporate insiders.
Teledyne Technologies Company Profile
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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