Federated Investors Inc. PA decreased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,940 shares of the scientific and technical instruments company’s stock after selling 434 shares during the period. Federated Investors Inc. PA’s holdings in Teledyne Technologies were worth $3,173,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Teledyne Technologies by 14.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,214 shares of the scientific and technical instruments company’s stock valued at $414,000 after buying an additional 279 shares during the last quarter. State Treasurer State of Michigan grew its stake in shares of Teledyne Technologies by 2.4% during the first quarter. State Treasurer State of Michigan now owns 13,000 shares of the scientific and technical instruments company’s stock valued at $2,433,000 after buying an additional 300 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of Teledyne Technologies by 5.4% during the first quarter. Riverhead Capital Management LLC now owns 5,891 shares of the scientific and technical instruments company’s stock valued at $1,103,000 after buying an additional 300 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Teledyne Technologies by 3.2% during the second quarter. Louisiana State Employees Retirement System now owns 9,700 shares of the scientific and technical instruments company’s stock valued at $1,931,000 after buying an additional 300 shares during the last quarter. Finally, Glen Harbor Capital Management LLC grew its stake in shares of Teledyne Technologies by 6.4% during the first quarter. Glen Harbor Capital Management LLC now owns 5,104 shares of the scientific and technical instruments company’s stock valued at $955,000 after buying an additional 308 shares during the last quarter. 83.90% of the stock is currently owned by hedge funds and other institutional investors.

NYSE TDY opened at $247.55 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 capitalization of $8.73 billion, a P/E ratio of 35.74, a price-to-earnings-growth ratio of 3.93 and a beta of 1.08. Teledyne Technologies Incorporated has a 1 year low of $153.95 and a 1 year high of $248.00.

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, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.44. The company had revenue of $732.50 million for the quarter, compared to analysts’ expectations of $707.12 million. Teledyne Technologies had a return on equity of 14.81% and a net margin of 10.34%. Teledyne Technologies’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $1.66 earnings per share. analysts anticipate that Teledyne Technologies Incorporated will post 8.25 EPS for the current fiscal year.

A number of brokerages have recently issued reports on TDY. Zacks Investment Research cut Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Needham & Company LLC raised their price objective on Teledyne Technologies from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, August 6th. Finally, Jefferies Financial Group set a $222.00 price objective on Teledyne Technologies and gave the company a “hold” rating in a research note on Sunday, August 5th.

In related news, VP Cynthia Y. Belak sold 6,000 shares of the firm’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $232.22, for a total value of $1,393,320.00. Following the sale, the vice president now directly owns 6,782 shares of the company’s stock, valued at $1,574,916.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Aldo Pichelli sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $231.24, for a total value of $3,468,600.00. Following the completion of the sale, the insider now directly owns 97,228 shares in the company, valued at $22,483,002.72. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock worth $21,128,980 over the last three months. 3.73% of the stock is owned by insiders.

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.

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

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