Ontario Teachers Pension Plan Board purchased a new position in Teledyne Technologies Incorporated (NYSE:TDY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,324 shares of the scientific and technical instruments company’s stock, valued at approximately $662,000.

Other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP boosted its stake in Teledyne Technologies by 1,260.9% in the 2nd quarter. First Trust Advisors LP now owns 53,920 shares of the scientific and technical instruments company’s stock worth $10,733,000 after purchasing an additional 49,958 shares in the last quarter. SG Americas Securities LLC boosted its stake in Teledyne Technologies by 12.0% in the 2nd quarter. SG Americas Securities LLC now owns 5,976 shares of the scientific and technical instruments company’s stock worth $1,190,000 after purchasing an additional 639 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Teledyne Technologies by 57.4% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 7,304 shares of the scientific and technical instruments company’s stock worth $1,367,000 after purchasing an additional 2,663 shares in the last quarter. Earnest Partners LLC boosted its stake in Teledyne Technologies by 1.4% in the 1st quarter. Earnest Partners LLC now owns 617,714 shares of the scientific and technical instruments company’s stock worth $115,618,000 after purchasing an additional 8,749 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Teledyne Technologies by 39.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,830 shares of the scientific and technical instruments company’s stock worth $762,000 after purchasing an additional 1,090 shares in the last quarter. Institutional investors own 84.03% of the company’s stock.

TDY opened at $242.59 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.27 and a debt-to-equity ratio of 0.45. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 35.01, a P/E/G ratio of 3.90 and a beta of 1.08. Teledyne Technologies Incorporated has a 52-week low of $147.43 and a 52-week high of $243.94.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, August 2nd. The scientific and technical instruments company reported $2.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.44. The business had revenue of $732.50 million for the quarter, compared to analysts’ expectations of $707.12 million. Teledyne Technologies had a net margin of 10.34% and a return on equity of 14.81%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 EPS. analysts expect that Teledyne Technologies Incorporated will post 8.25 EPS for the current year.

A number of equities analysts recently issued reports on the stock. Needham & Company LLC upped their price target on shares of Teledyne Technologies from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, August 6th. Zacks Investment Research upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $246.00 price target on the stock in a research note on Thursday, August 2nd. Finally, Jefferies Financial Group set a $222.00 target price on shares of Teledyne Technologies and gave the company a “hold” rating in a research note on Sunday, August 5th.

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 35,000 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $232.90, for a total transaction of $8,151,500.00. Following the transaction, the chairman now owns 259,252 shares in the company, valued at approximately $60,379,790.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sue Main sold 7,000 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $225.41, for a total transaction of $1,577,870.00. Following the transaction, the chief financial officer now owns 42,158 shares in the company, valued at approximately $9,502,834.78. The disclosure for this sale can be found here. Insiders have sold a total of 92,000 shares of company stock worth $21,128,980 in the last 90 days. Company insiders own 3.73% of the company’s stock.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, Canada, the United Kingdom, France, and internationally. 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.

Read More: Return on Investment (ROI)

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

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