Dupont Capital Management Corp acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,226 shares of the scientific and technical instruments company’s stock, valued at approximately $673,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC bought a new position in shares of Teledyne Technologies during the 2nd quarter worth about $280,989,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Teledyne Technologies by 1.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,045,183 shares of the scientific and technical instruments company’s stock worth $133,417,000 after acquiring an additional 16,136 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of Teledyne Technologies by 1.3% in the 2nd quarter. Earnest Partners LLC now owns 630,042 shares of the scientific and technical instruments company’s stock worth $80,425,000 after acquiring an additional 8,144 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Teledyne Technologies by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 415,160 shares of the scientific and technical instruments company’s stock worth $52,988,000 after acquiring an additional 3,670 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Teledyne Technologies by 14.1% in the 2nd quarter. New York State Common Retirement Fund now owns 334,339 shares of the scientific and technical instruments company’s stock worth $42,678,000 after acquiring an additional 41,199 shares during the last quarter. 83.11% of the stock is currently owned by institutional investors.

Shares of Teledyne Technologies Incorporated (NYSE:TDY) opened at $180.63 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.98 and a quick ratio of 1.16. The firm has a market cap of $6,400.81, a PE ratio of 27.33, a P/E/G ratio of 3.59 and a beta of 1.01. Teledyne Technologies Incorporated has a fifty-two week low of $116.51 and a fifty-two week high of $185.66.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.34. The firm had revenue of $662.20 million during the quarter, compared to analyst estimates of $656.20 million. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter last year, the business posted $1.46 EPS. analysts expect that Teledyne Technologies Incorporated will post 6.7 earnings per share for the current fiscal year.

In other Teledyne Technologies news, Director Roxanne S. Austin sold 4,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $148.30, for a total value of $593,200.00. Following the completion of the sale, the director now owns 11,458 shares in the company, valued at approximately $1,699,221.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Sue Main sold 7,000 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $183.88, for a total transaction of $1,287,160.00. Following the completion of the sale, the chief financial officer now owns 40,874 shares of the company’s stock, valued at approximately $7,515,911.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,500 shares of company stock valued at $2,703,095. Company insiders own 3.30% of the company’s stock.

TDY has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Jefferies Group LLC restated a “hold” rating and issued a $150.00 target price (up previously from $145.00) on shares of Teledyne Technologies in a report on Wednesday, August 9th. BidaskClub upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Needham & Company LLC upped their target price on shares of Teledyne Technologies from $157.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $175.33.

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Teledyne Technologies Profile

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

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

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