Amalgamated Bank trimmed its position in Teledyne Technologies Incorporated (NYSE:TDY) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,649 shares of the scientific and technical instruments company’s stock after selling 292 shares during the quarter. Amalgamated Bank’s holdings in Teledyne Technologies were worth $1,058,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Legal & General Group Plc grew its stake in Teledyne Technologies by 17.5% in the 2nd quarter. Legal & General Group Plc now owns 38,093 shares of the scientific and technical instruments company’s stock valued at $4,861,000 after buying an additional 5,675 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Teledyne Technologies by 1.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,045,183 shares of the scientific and technical instruments company’s stock valued at $133,417,000 after buying an additional 16,136 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Teledyne Technologies in the 3rd quarter valued at about $680,000. SG Americas Securities LLC grew its stake in Teledyne Technologies by 37.8% in the 2nd quarter. SG Americas Securities LLC now owns 9,676 shares of the scientific and technical instruments company’s stock valued at $1,235,000 after buying an additional 2,655 shares during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in Teledyne Technologies in the 2nd quarter valued at about $4,578,000. 84.10% of the stock is currently owned by institutional investors.

Shares of Teledyne Technologies Incorporated (NYSE TDY) traded down $2.75 during trading hours on Friday, hitting $183.49. 155,675 shares of the company’s stock were exchanged, compared to its average volume of 132,758. Teledyne Technologies Incorporated has a 1 year low of $119.67 and a 1 year high of $186.54. The firm has a market cap of $6,599.69, a price-to-earnings ratio of 28.17, a PEG ratio of 3.71 and a beta of 1.03. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.98.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.34. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The firm had revenue of $662.20 million for the quarter, compared to analyst estimates of $656.20 million. During the same quarter in the prior year, the business posted $1.46 EPS. The business’s revenue was up 25.7% compared to the same quarter last year. analysts forecast that Teledyne Technologies Incorporated will post 6.7 earnings per share for the current fiscal year.

A number of research analysts recently commented on TDY shares. Zacks Investment Research upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $166.00 price target on the stock in a research note on Tuesday, August 8th. Jefferies Group upped their price target on shares of Teledyne Technologies from $150.00 to $170.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. ValuEngine upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Needham & Company LLC increased their target price on shares of Teledyne Technologies from $157.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, BidaskClub upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $175.33.

In other Teledyne Technologies news, Director Schack Wesley W. Von sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $178.50, for a total transaction of $357,000.00. Following the transaction, the director now owns 13,358 shares in the company, valued at approximately $2,384,403. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sue Main sold 7,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $183.88, for a total transaction of $1,287,160.00. Following the transaction, the chief financial officer now owns 40,874 shares in the company, valued at approximately $7,515,911.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,706 shares of company stock worth $2,687,267. Company insiders own 3.30% of the company’s stock.

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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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