Bessemer Group Inc. decreased its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 19.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,400 shares of the scientific and technical instruments company’s stock after selling 4,400 shares during the period. Bessemer Group Inc. owned approximately 0.05% of Teledyne Technologies worth $2,349,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TDY. Envestnet Asset Management Inc. raised its stake in Teledyne Technologies by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 1,188 shares of the scientific and technical instruments company’s stock valued at $149,000 after buying an additional 29 shares during the last quarter. Ironwood Investment Management LLC raised its stake in Teledyne Technologies by 1.2% in the first quarter. Ironwood Investment Management LLC now owns 2,693 shares of the scientific and technical instruments company’s stock valued at $341,000 after buying an additional 32 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in Teledyne Technologies by 0.8% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 6,069 shares of the scientific and technical instruments company’s stock valued at $767,000 after buying an additional 47 shares during the last quarter. Cardinal Capital Management raised its stake in Teledyne Technologies by 1.3% in the first quarter. Cardinal Capital Management now owns 4,685 shares of the scientific and technical instruments company’s stock valued at $592,000 after buying an additional 60 shares during the last quarter. Finally, World Asset Management Inc raised its stake in Teledyne Technologies by 3.1% in the first quarter. World Asset Management Inc now owns 2,140 shares of the scientific and technical instruments company’s stock valued at $271,000 after buying an additional 64 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Teledyne Technologies Incorporated (NYSE:TDY) opened at 147.12 on Thursday. The stock’s 50 day moving average is $134.54 and its 200 day moving average is $130.76. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 28.90 and a beta of 0.98. Teledyne Technologies Incorporated has a 1-year low of $101.90 and a 1-year high of $148.62.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.49. The business had revenue of $671.10 million for the quarter, compared to the consensus estimate of $636.18 million. Teledyne Technologies had a net margin of 8.44% and a return on equity of 13.80%. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.32 earnings per share. On average, equities analysts forecast that Teledyne Technologies Incorporated will post $5.56 EPS for the current year.

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Several equities research analysts have recently issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and set a $140.00 target price on shares of Teledyne Technologies in a research note on Friday, May 5th. Needham & Company LLC reissued a “buy” rating and set a $157.00 target price (up from $148.00) on shares of Teledyne Technologies in a research note on Wednesday. Zacks Investment Research lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Finally, BidaskClub lowered shares of Teledyne Technologies from a “hold” rating to a “sell” rating in a research note on Friday, June 9th.

In related news, SVP Jason Vanwees sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $147.07, for a total transaction of $882,420.00. Following the transaction, the senior vice president now owns 35,159 shares of the company’s stock, valued at $5,170,834.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert Mehrabian acquired 10,000 shares of Teledyne Technologies stock in a transaction that occurred on Thursday, June 8th. The shares were purchased at an average cost of $129.41 per share, for a total transaction of $1,294,100.00. The disclosure for this purchase can be found here. Insiders have sold 25,207 shares of company stock worth $3,459,722 in the last three months. Insiders own 3.30% of the company’s stock.

About Teledyne Technologies

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.

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

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