Raymond James & Associates lifted its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,388 shares of the scientific and technical instruments company’s stock after purchasing an additional 792 shares during the quarter. Raymond James & Associates owned about 0.17% of Teledyne Technologies worth $12,220,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. State Board of Administration of Florida Retirement System lifted its position in Teledyne Technologies by 9.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 29,543 shares of the scientific and technical instruments company’s stock valued at $5,530,000 after acquiring an additional 2,444 shares in the last quarter. Swiss National Bank lifted its position in Teledyne Technologies by 2.4% in the 1st quarter. Swiss National Bank now owns 58,600 shares of the scientific and technical instruments company’s stock valued at $10,968,000 after acquiring an additional 1,400 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Teledyne Technologies by 5.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 235,381 shares of the scientific and technical instruments company’s stock valued at $44,057,000 after acquiring an additional 11,417 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Teledyne Technologies by 7.4% in the 1st quarter. Thrivent Financial for Lutherans now owns 8,342 shares of the scientific and technical instruments company’s stock valued at $1,561,000 after acquiring an additional 573 shares in the last quarter. Finally, Stevens Capital Management LP lifted its position in Teledyne Technologies by 93.0% in the 1st quarter. Stevens Capital Management LP now owns 5,092 shares of the scientific and technical instruments company’s stock valued at $953,000 after acquiring an additional 2,453 shares in the last quarter. 83.90% of the stock is currently owned by hedge funds and other institutional investors.

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

TDY stock opened at $245.69 on Thursday. The company has a market capitalization of $8.90 billion, a P/E ratio of 30.82, a price-to-earnings-growth ratio of 4.00 and a beta of 1.08. Teledyne Technologies Incorporated has a 12-month low of $158.15 and a 12-month high of $250.87. The company has a current ratio of 1.96, a quick ratio of 1.27 and a debt-to-equity ratio of 0.45.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Thursday, August 2nd. The scientific and technical instruments company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.44. The firm 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%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 EPS. analysts forecast that Teledyne Technologies Incorporated will post 8.25 EPS for the current year.

In other news, CFO Sue Main sold 7,000 shares of the stock in a transaction on Monday, August 6th. The stock was 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 directly owns 42,158 shares of the company’s stock, valued at approximately $9,502,834.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Cynthia Y. Belak sold 6,000 shares of the stock in a transaction on Friday, August 10th. The shares were sold at an average price of $232.22, for a total value of $1,393,320.00. Following the transaction, the vice president now directly owns 6,782 shares in the company, valued at $1,574,916.04. 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 over the last three months. Insiders own 3.73% of the company’s stock.

Teledyne Technologies 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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