Russell Investments Group Ltd. Acquires 5,659 Shares of Teledyne Technologies Incorporated (NYSE:TDY)
Russell Investments Group Ltd. raised its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 5.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,590 shares of the scientific and technical instruments company’s stock after buying an additional 5,659 shares during the period. Russell Investments Group Ltd. owned 0.29% of Teledyne Technologies worth $13,096,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Teachers Advisors LLC increased its position in Teledyne Technologies by 6.0% in the fourth quarter. Teachers Advisors LLC now owns 56,268 shares of the scientific and technical instruments company’s stock valued at $6,921,000 after buying an additional 3,205 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Teledyne Technologies by 3.5% in the first quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the scientific and technical instruments company’s stock valued at $1,125,000 after buying an additional 300 shares in the last quarter. Oakbrook Investments LLC purchased a new position in shares of Teledyne Technologies during the first quarter valued at approximately $322,000. Retirement Systems of Alabama boosted its position in shares of Teledyne Technologies by 0.8% in the first quarter. Retirement Systems of Alabama now owns 45,465 shares of the scientific and technical instruments company’s stock valued at $5,750,000 after buying an additional 343 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Teledyne Technologies by 123,290.0% in the first quarter. Acadian Asset Management LLC now owns 12,339 shares of the scientific and technical instruments company’s stock valued at $1,561,000 after buying an additional 12,329 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.
Shares of Teledyne Technologies Incorporated (TDY) traded down 0.14% during trading on Friday, reaching $144.77. 130,675 shares of the company traded hands. The company has a market capitalization of $5.12 billion, a P/E ratio of 26.69 and a beta of 0.98. The company’s 50-day moving average price is $135.53 and its 200-day moving average price is $131.02. Teledyne Technologies Incorporated has a 52 week low of $101.90 and a 52 week high of $148.62.
Teledyne Technologies (NYSE:TDY) last released its earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.49. The company had revenue of $671.10 million during the quarter, compared to analyst estimates of $636.18 million. Teledyne Technologies had a net margin of 8.44% and a return on equity of 13.80%. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.32 EPS. Equities research analysts forecast that Teledyne Technologies Incorporated will post $5.69 EPS for the current fiscal year.
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TDY has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research note on Saturday, April 15th. Jefferies Group LLC reaffirmed a “hold” rating and set a $140.00 price objective on shares of Teledyne Technologies in a research note on Friday, May 5th.
In related news, Director Simon M. Lorne sold 3,617 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $129.29, for a total value of $467,641.93. Following the completion of the sale, the director now directly owns 30,190 shares of the company’s stock, valued at approximately $3,903,265.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Melanie Susan Cibik sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $146.20, for a total transaction of $584,800.00. Following the completion of the sale, the vice president now directly owns 26,280 shares of the company’s stock, valued at $3,842,136. The disclosure for this sale can be found here. Insiders sold a total of 25,207 shares of company stock valued at $3,459,722 over the last three months. 3.30% of the stock is currently owned by insiders.
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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