Teledyne Technologies Incorporated (TDY) Position Increased by AQR Capital Management LLC
AQR Capital Management LLC raised its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 146.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,970 shares of the scientific and technical instruments company’s stock after buying an additional 46,910 shares during the period. AQR Capital Management LLC owned about 0.22% of Teledyne Technologies worth $9,986,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in TDY. State Street Corp raised its position in shares of Teledyne Technologies by 4.9% in the first quarter. State Street Corp now owns 1,260,869 shares of the scientific and technical instruments company’s stock worth $159,450,000 after buying an additional 58,466 shares in the last quarter. Bank of America Corp DE raised its position in shares of Teledyne Technologies by 0.9% in the first quarter. Bank of America Corp DE now owns 181,686 shares of the scientific and technical instruments company’s stock worth $22,976,000 after buying an additional 1,676 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Teledyne Technologies during the first quarter worth about $1,340,000. Schwab Charles Investment Management Inc. raised its position in shares of Teledyne Technologies by 8.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 244,939 shares of the scientific and technical instruments company’s stock worth $30,975,000 after buying an additional 18,162 shares in the last quarter. Finally, Invictus RG bought a new position in shares of Teledyne Technologies during the first quarter worth about $468,000. Institutional investors own 83.66% of the company’s stock.
Teledyne Technologies Incorporated (TDY) traded up 6.41% during trading on Thursday, reaching $147.51. The company had a trading volume of 374,778 shares. The company has a 50 day moving average price of $131.96 and a 200 day moving average price of $129.86. The company has a market capitalization of $5.21 billion, a PE ratio of 28.92 and a beta of 0.98. Teledyne Technologies Incorporated has a 52-week low of $101.90 and a 52-week high of $148.37.
Teledyne Technologies (NYSE:TDY) last issued its earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.50. The firm had revenue of $671.10 million for the quarter, compared to analyst estimates of $636.18 million. Teledyne Technologies had a return on equity of 7.75% and a net margin of 5.39%. The business’s revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.32 earnings per share. On average, equities analysts forecast that Teledyne Technologies Incorporated will post $5.27 EPS for the current fiscal year.
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TDY has been the subject of several research reports. Jefferies Group LLC restated a “hold” rating and set a $140.00 price objective on shares of Teledyne Technologies in a research report on Friday, July 7th. Zacks Investment Research raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research report on Saturday, April 15th. Finally, BidaskClub lowered shares of Teledyne Technologies from a “hold” rating to a “sell” rating in a research report on Friday, June 9th.
In related news, Director Michael T. Smith sold 3,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $134.72, for a total transaction of $404,160.00. Following the completion of the transaction, the director now directly owns 33,806 shares in the company, valued at $4,554,344.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Simon M. Lorne sold 3,617 shares of Teledyne Technologies stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $129.29, for a total value of $467,641.93. Following the sale, the director now directly owns 30,190 shares of the company’s stock, valued at approximately $3,903,265.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,207 shares of company stock worth $1,992,502. Corporate insiders own 3.30% of the company’s stock.
Teledyne Technologies Company 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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