BNP Paribas Arbitrage SA increased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 56.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,249 shares of the scientific and technical instruments company’s stock after buying an additional 5,129 shares during the period. BNP Paribas Arbitrage SA’s holdings in Teledyne Technologies were worth $1,819,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ironwood Investment Management LLC increased its position in shares of Teledyne Technologies by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 2,711 shares of the scientific and technical instruments company’s stock worth $346,000 after buying an additional 18 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of 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 worth $149,000 after buying an additional 29 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Teledyne Technologies by 1.3% in the second quarter. Teacher Retirement System of Texas now owns 2,651 shares of the scientific and technical instruments company’s stock worth $338,000 after buying an additional 35 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of 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 worth $767,000 after buying an additional 47 shares during the last quarter. Finally, World Asset Management Inc increased its position in shares of Teledyne Technologies by 2.8% in the second quarter. World Asset Management Inc now owns 2,199 shares of the scientific and technical instruments company’s stock worth $281,000 after buying an additional 59 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Incorporated (TDY) opened at 150.55 on Friday. Teledyne Technologies Incorporated has a 12 month low of $101.90 and a 12 month high of $151.54. The stock has a market capitalization of $5.32 billion, a P/E ratio of 27.76 and a beta of 0.96. The firm’s 50-day moving average is $142.48 and its 200-day moving average is $133.17.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.25 by $0.49. 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 13.80% and a net margin of 8.44%. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 earnings per share. On average, equities analysts expect that Teledyne Technologies Incorporated will post $5.69 earnings per share for the current fiscal year.

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

In other news, Chairman Robert Mehrabian purchased 10,000 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were purchased at an average price of $129.41 per share, for a total transaction of $1,294,100.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas H. Reslewic purchased 5,000 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were purchased at an average price of $124.50 per share, for a total transaction of $622,500.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 14,000 shares of company stock worth $2,060,420. 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.

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

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