Eaton Vance Management continued to hold its stake in Teledyne Technologies Inc. (NYSE:TDY) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,700 shares of the company’s stock at the end of the second quarter. Eaton Vance Management’s holdings in Teledyne Technologies were worth $1,555,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Wesbanco Bank Inc. increased its position in shares of Teledyne Technologies by 56.5% in the second quarter. Wesbanco Bank Inc. now owns 3,600 shares of the company’s stock worth $357,000 after buying an additional 1,300 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Teledyne Technologies by 1,909.5% in the second quarter. JPMorgan Chase & Co. now owns 2,753 shares of the company’s stock worth $273,000 after buying an additional 2,616 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Teledyne Technologies by 7.3% in the second quarter. Advisors Asset Management Inc. now owns 20,912 shares of the company’s stock worth $2,071,000 after buying an additional 1,416 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Teledyne Technologies by 1.0% in the second quarter. Ameriprise Financial Inc. now owns 137,819 shares of the company’s stock worth $13,651,000 after buying an additional 1,408 shares in the last quarter. Finally, Scout Investments Inc. increased its position in shares of Teledyne Technologies by 0.3% in the second quarter. Scout Investments Inc. now owns 37,725 shares of the company’s stock worth $3,737,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 87.85% of the company’s stock.
Teledyne Technologies Inc. (NYSE:TDY) opened at 108.91 on Friday. The company has a market cap of $3.77 billion, a P/E ratio of 20.46 and a beta of 0.99. The firm’s 50-day moving average price is $106.93 and its 200-day moving average price is $98.20. Teledyne Technologies Inc. has a 12-month low of $73.66 and a 12-month high of $110.61.
Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, August 4th. The company reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.08. Teledyne Technologies had a return on equity of 13.03% and a net margin of 8.46%. The company had revenue of $534.90 million for the quarter, compared to analyst estimates of $546.57 million. During the same period last year, the company earned $1.34 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year. Analysts expect that Teledyne Technologies Inc. will post $5.16 EPS for the current year.
A number of brokerages 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 target price on the stock. in a report on Wednesday, July 6th. Finally, Jefferies Group increased their target price on Teledyne Technologies from $90.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, August 5th.
In other news, CFO Sue Main sold 6,660 shares of Teledyne Technologies stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $106.52, for a total value of $709,423.20. Following the transaction, the chief financial officer now directly owns 32,179 shares in the company, valued at $3,427,707.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul David Miller sold 4,695 shares of Teledyne Technologies stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $108.56, for a total value of $509,689.20. Following the completion of the transaction, the director now owns 21,257 shares in the company, valued at $2,307,659.92. The disclosure for this sale can be found here. Company insiders own 3.93% of the company’s stock.
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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