Teledyne Technologies Incorporated (TDY) Shares Sold by Cardinal Capital Management LLC CT
Cardinal Capital Management LLC CT cut its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 12.0% during the fourth quarter, Holdings Channel reports. The fund owned 428,231 shares of the company’s stock after selling 58,379 shares during the period. Teledyne Technologies comprises about 2.3% of Cardinal Capital Management LLC CT’s investment portfolio, making the stock its 16th largest position. Cardinal Capital Management LLC CT owned about 1.19% of Teledyne Technologies worth $52,673,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Capstone Asset Management Co. boosted its position in Teledyne Technologies by 5.2% in the third quarter. Capstone Asset Management Co. now owns 2,433 shares of the company’s stock worth $263,000 after buying an additional 120 shares during the last quarter. Fisher Asset Management LLC boosted its position in Teledyne Technologies by 2.5% in the third quarter. Fisher Asset Management LLC now owns 327,437 shares of the company’s stock worth $35,340,000 after buying an additional 8,000 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Teledyne Technologies by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 12,076 shares of the company’s stock worth $1,303,000 after buying an additional 238 shares during the last quarter. Independence Advisors LLC acquired a new position in Teledyne Technologies during the third quarter worth about $271,000. Finally, Public Employees Retirement System of Ohio boosted its position in Teledyne Technologies by 8.5% in the second quarter. Public Employees Retirement System of Ohio now owns 1,932 shares of the company’s stock worth $191,000 after buying an additional 151 shares during the last quarter. 86.15% of the stock is owned by hedge funds and other institutional investors.
Shares of Teledyne Technologies Incorporated (NYSE:TDY) traded up 0.34% during mid-day trading on Thursday, hitting $132.79. The stock had a trading volume of 160,425 shares. Teledyne Technologies Incorporated has a 1-year low of $81.28 and a 1-year high of $133.14. The company has a market cap of $4.77 billion, a P/E ratio of 24.71 and a beta of 0.98. The firm’s 50 day moving average price is $125.25 and its 200 day moving average price is $115.10.
Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Thursday, February 2nd. The company reported $1.65 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.29. Teledyne Technologies had a return on equity of 13.19% and a net margin of 8.82%. The company earned $552.90 million during the quarter, compared to analysts’ expectations of $549.15 million. During the same period in the prior year, the company earned $1.57 EPS. Teledyne Technologies’s revenue was down 7.0% compared to the same quarter last year. Analysts predict that Teledyne Technologies Incorporated will post $5.45 earnings per share for the current fiscal year.
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A number of research firms have issued reports on TDY. Zacks Investment Research raised Teledyne Technologies from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research note on Wednesday, February 8th. Jefferies Group LLC restated a “hold” rating and issued a $120.00 price target (up from $105.00) on shares of Teledyne Technologies in a report on Thursday, December 15th.
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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