Cetera Investment Advisers purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,115 shares of the scientific and technical instruments company’s stock, valued at approximately $270,000.

Several other hedge funds have also recently modified their holdings of TDY. Envestnet Asset Management Inc. increased its position in shares of 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 valued at $149,000 after purchasing an additional 29 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Teledyne Technologies by 1,204.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,304 shares of the scientific and technical instruments company’s stock valued at $166,000 after purchasing an additional 1,204 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 valued at $169,000 after purchasing an additional 177 shares during the period. ETF Managers Group LLC acquired a new position in shares of Teledyne Technologies during the 2nd quarter valued at $181,000. Finally, HighTower Advisors LLC acquired a new position in shares of Teledyne Technologies during the 1st quarter valued at $219,000. Institutional investors own 82.85% of the company’s stock.

Shares of Teledyne Technologies Incorporated (TDY) opened at 165.42 on Friday. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 30.50 and a beta of 0.99. Teledyne Technologies Incorporated has a 1-year low of $102.78 and a 1-year high of $165.87. The stock’s 50 day moving average price is $159.08 and its 200 day moving average price is $140.30.

Teledyne Technologies (NYSE:TDY) last issued its 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 company had revenue of $671.10 million during the quarter, compared to analysts’ expectations of $636.18 million. Teledyne Technologies had a net margin of 8.44% and a return on equity of 13.80%. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS. Analysts expect that Teledyne Technologies Incorporated will post $5.69 EPS for the current year.

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Several equities analysts have recently issued reports on TDY shares. Jefferies Group LLC reiterated a “hold” rating and set a $145.00 price target (up from $140.00) on shares of Teledyne Technologies in a research report on Friday, July 14th. Needham & Company LLC raised Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a research note on Wednesday, July 5th. BidaskClub raised Teledyne Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. ValuEngine raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, Zacks Investment Research lowered Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Teledyne Technologies currently has a consensus rating of “Hold” and an average target price of $157.67.

In other Teledyne Technologies news, SVP Jason Vanwees sold 6,000 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now 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 accessible through this hyperlink. Also, VP Melanie Susan Cibik sold 4,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $146.20, for a total transaction of $584,800.00. Following the sale, the vice president now owns 26,280 shares of the company’s stock, valued at approximately $3,842,136. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock valued at $2,060,420 in the last quarter. Corporate 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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