Fortaleza Asset Management Inc. held its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the second quarter, according to its most recent filing with the SEC. The firm owned 1,736 shares of the scientific and technical instruments company’s stock at the end of the second quarter. Fortaleza Asset Management Inc.’s holdings in Teledyne Technologies were worth $222,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Great West Life Assurance Co. Can increased its position in Teledyne Technologies by 4.8% in the first quarter. Great West Life Assurance Co. Can now owns 20,683 shares of the scientific and technical instruments company’s stock valued at $2,613,000 after buying an additional 953 shares in the last quarter. Wells Fargo & Company MN increased its position in Teledyne Technologies by 2.4% in the first quarter. Wells Fargo & Company MN now owns 353,323 shares of the scientific and technical instruments company’s stock valued at $44,680,000 after buying an additional 8,255 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Teledyne Technologies by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 12,276 shares of the scientific and technical instruments company’s stock valued at $1,552,000 after buying an additional 200 shares in the last quarter. Whittier Trust Co. increased its position in Teledyne Technologies by 4.8% in the first quarter. Whittier Trust Co. now owns 14,561 shares of the scientific and technical instruments company’s stock valued at $1,841,000 after buying an additional 662 shares in the last quarter. Finally, First Midwest Bank Trust Division increased its position in Teledyne Technologies by 4.4% in the first quarter. First Midwest Bank Trust Division now owns 4,535 shares of the scientific and technical instruments company’s stock valued at $573,000 after buying an additional 190 shares in the last quarter. 83.17% of the stock is owned by institutional investors and hedge funds.

Shares of Teledyne Technologies Incorporated (NYSE:TDY) opened at 143.94 on Monday. The firm has a 50 day moving average price of $138.49 and a 200-day moving average price of $131.84. The firm has a market capitalization of $5.09 billion, a P/E ratio of 26.54 and a beta of 0.98. 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 quarterly earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.49. Teledyne Technologies had a return on equity of 13.80% and a net margin of 8.44%. The company had revenue of $671.10 million during the quarter, compared to analysts’ expectations of $636.18 million. During the same period in the previous year, the firm posted $1.32 earnings per share. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. Equities research analysts predict that Teledyne Technologies Incorporated will post $5.69 EPS for the current fiscal year.

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

In related news, VP Melanie Susan Cibik sold 4,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $146.20, for a total value of $584,800.00. Following the completion of the transaction, the vice president now directly owns 26,280 shares in the company, valued at $3,842,136. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert Mehrabian bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was acquired at an average price of $129.41 per share, with a total value of $1,294,100.00. The disclosure for this purchase can be found here. Over the last three months, insiders sold 25,207 shares of company stock valued at $3,459,722. 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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