Teledyne Technologies Incorporated (NYSE:TDY) Stake Raised by Squarepoint Ops LLC

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Squarepoint Ops LLC grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 634.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,782 shares of the scientific and technical instruments company’s stock after buying an additional 45,597 shares during the period. Squarepoint Ops LLC owned 0.14% of Teledyne Technologies worth $16,995,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nikko Asset Management Americas Inc. raised its holdings in Teledyne Technologies by 3.4% during the second quarter. Nikko Asset Management Americas Inc. now owns 1,170 shares of the scientific and technical instruments company’s stock worth $320,000 after purchasing an additional 38 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in Teledyne Technologies by 0.4% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 10,373 shares of the scientific and technical instruments company’s stock worth $3,340,000 after purchasing an additional 38 shares in the last quarter. Wedbush Securities Inc. raised its holdings in Teledyne Technologies by 5.8% during the second quarter. Wedbush Securities Inc. now owns 908 shares of the scientific and technical instruments company’s stock worth $249,000 after purchasing an additional 50 shares in the last quarter. US Bancorp DE raised its holdings in Teledyne Technologies by 1.0% during the second quarter. US Bancorp DE now owns 5,962 shares of the scientific and technical instruments company’s stock worth $1,633,000 after purchasing an additional 58 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Teledyne Technologies by 2.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,221 shares of the scientific and technical instruments company’s stock worth $608,000 after purchasing an additional 62 shares in the last quarter. 84.77% of the stock is currently owned by institutional investors.

Teledyne Technologies stock traded down $4.49 during mid-day trading on Friday, hitting $341.99. The company’s stock had a trading volume of 93,346 shares, compared to its average volume of 352,237. The company has a quick ratio of 1.00, a current ratio of 1.48 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $12.46 billion, a P/E ratio of 34.21, a P/E/G ratio of 4.37 and a beta of 1.09. Teledyne Technologies Incorporated has a twelve month low of $189.35 and a twelve month high of $351.52. The stock’s fifty day moving average price is $334.86 and its two-hundred day moving average price is $296.38.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $2.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.53 by $0.31. The firm had revenue of $802.20 million for the quarter, compared to analyst estimates of $786.55 million. Teledyne Technologies had a net margin of 12.27% and a return on equity of 15.52%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.43 earnings per share. Equities analysts expect that Teledyne Technologies Incorporated will post 10.42 earnings per share for the current year.

Several equities research analysts recently commented on TDY shares. ValuEngine cut Teledyne Technologies from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Cowen set a $375.00 target price on Teledyne Technologies and gave the stock a “buy” rating in a report on Friday, September 27th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $312.50.

In other Teledyne Technologies news, Director Schack Wesley W. Von sold 4,000 shares of Teledyne Technologies stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $319.24, for a total value of $1,276,960.00. Following the transaction, the director now owns 14,366 shares in the company, valued at $4,586,201.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Stephen Finis Blackwood sold 2,500 shares of Teledyne Technologies stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $349.29, for a total transaction of $873,225.00. Following the completion of the transaction, the vice president now owns 11,754 shares in the company, valued at approximately $4,105,554.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,712 shares of company stock worth $12,443,774. 3.19% of the stock is currently owned by company insiders.

Teledyne Technologies Profile

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Denmark, Canada, France, and the Netherlands. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments.

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

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