BB&T Corp lowered its stake in shares of Teledyne Technologies Inc. (NYSE:TDY) by 4.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 5,998 shares of the company’s stock after selling 299 shares during the period. BB&T Corp’s holdings in Teledyne Technologies were worth $648,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. boosted its stake in Teledyne Technologies by 42.0% in the second quarter. Panagora Asset Management Inc. now owns 1,065 shares of the company’s stock valued at $105,000 after buying an additional 315 shares during the last quarter. Bank of Montreal Can bought a new stake in Teledyne Technologies during the second quarter valued at about $106,000. Springbok Capital Management LLC boosted its stake in Teledyne Technologies by 800.0% in the first quarter. Springbok Capital Management LLC now owns 1,800 shares of the company’s stock valued at $159,000 after buying an additional 1,600 shares during the last quarter. Sei Investments Co. boosted its stake in Teledyne Technologies by 63.4% in the second quarter. Sei Investments Co. now owns 1,791 shares of the company’s stock valued at $178,000 after buying an additional 695 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Teledyne Technologies by 1,759.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,859 shares of the company’s stock valued at $184,000 after buying an additional 1,759 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.
Shares of Teledyne Technologies Inc. (NYSE:TDY) opened at 124.97 on Friday. The company has a market cap of $4.37 billion, a PE ratio of 22.89 and a beta of 0.91. The company has a 50-day moving average of $110.25 and a 200 day moving average of $104.56. Teledyne Technologies Inc. has a 12 month low of $73.66 and a 12 month high of $125.40.
Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Thursday, November 3rd. The company reported $1.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.15. Teledyne Technologies had a return on equity of 13.03% and a net margin of 8.74%. The business had revenue of $526.80 million for the quarter, compared to analyst estimates of $553.02 million. During the same quarter in the prior year, the firm posted $1.34 EPS. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, analysts anticipate that Teledyne Technologies Inc. will post $5.24 earnings per share for the current year.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Teledyne Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Jefferies Group lifted their price objective on shares of Teledyne Technologies from $90.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, August 5th.
In other Teledyne Technologies news, Director Simon M. Lorne sold 6,495 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $105.34, for a total value of $684,183.30. Following the sale, the director now owns 29,538 shares in the company, valued at approximately $3,111,532.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Robert Mehrabian sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $115.69, for a total value of $4,049,150.00. Following the completion of the sale, the chairman now owns 279,029 shares in the company, valued at approximately $32,280,865.01. The disclosure for this sale can be found here. 3.93% of the stock is owned by company insiders.
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.