Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 35.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,286 shares of the scientific and technical instruments company’s stock after buying an additional 4,264 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Teledyne Technologies were worth $2,032,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in Teledyne Technologies by 2.5% during the 1st 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 period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Teledyne Technologies by 15.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,325 shares of the scientific and technical instruments company’s stock worth $169,000 after buying an additional 177 shares during the period. ETF Managers Group LLC bought a new position in Teledyne Technologies during the 2nd quarter worth $181,000. HighTower Advisors LLC bought a new position in Teledyne Technologies during the 1st quarter worth $219,000. Finally, Trexquant Investment LP bought a new position in Teledyne Technologies during the 2nd quarter worth $230,000. Hedge funds and other institutional investors own 82.85% of the company’s stock.

In other news, SVP Jason Vanwees sold 6,000 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $147.07, for a total transaction of $882,420.00. Following the transaction, the senior vice president now directly owns 35,159 shares in the company, valued at approximately $5,170,834.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roxanne S. Austin sold 4,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $148.30, for a total value of $593,200.00. Following the transaction, the director now owns 11,458 shares in the company, valued at $1,699,221.40. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock worth $2,060,420 over the last quarter. Corporate insiders own 3.30% of the company’s stock.

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Shares of Teledyne Technologies Incorporated (NYSE TDY) traded up 0.1316% on Monday, hitting $163.2345. The company had a trading volume of 17,521 shares. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 30.0949 and a beta of 0.98. Teledyne Technologies Incorporated has a 1-year low of $101.90 and a 1-year high of $164.06. The company has a 50 day moving average price of $154.09 and a 200 day moving average price of $137.61.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.49. The business 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 company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.32 EPS. On average, equities analysts forecast that Teledyne Technologies Incorporated will post $5.69 earnings per share for the current fiscal year.

A number of research analysts recently commented on TDY shares. ValuEngine cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research cut Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $157.00 price target (up previously from $148.00) on shares of Teledyne Technologies in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $150.00 price target (up previously from $145.00) on shares of Teledyne Technologies in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $157.67.

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

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