Westfield Capital Management Co. LP acquired a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 172,130 shares of the scientific and technical instruments company’s stock, valued at approximately $27,400,000. Westfield Capital Management Co. LP owned about 0.49% of Teledyne Technologies as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TDY. Tower Research Capital LLC TRC raised its stake in 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 raised its stake 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 valued at $169,000 after purchasing an additional 177 shares during the period. ETF Managers Group LLC acquired a new stake in Teledyne Technologies during the 2nd quarter valued at $181,000. Trexquant Investment LP acquired a new stake in Teledyne Technologies during the 2nd quarter valued at $230,000. Finally, Cetera Investment Advisers acquired a new stake in Teledyne Technologies during the 2nd quarter valued at $270,000. Institutional investors own 84.11% of the company’s stock.

Several analysts have issued reports on the stock. ValuEngine downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Group boosted their target price 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. Needham & Company LLC boosted their target price on shares of Teledyne Technologies from $157.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research downgraded shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, BidaskClub raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Teledyne Technologies presently has a consensus rating of “Hold” and an average target price of $175.33.

In related news, VP Cynthia Y. Belak sold 4,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $185.19, for a total value of $740,760.00. Following the completion of the sale, the vice president now directly owns 6,903 shares in the company, valued at $1,278,366.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sue Main sold 7,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 40,874 shares of the company’s stock, valued at $7,515,911.12. The disclosure for this sale can be found here. Insiders sold 20,406 shares of company stock worth $3,743,275 over the last ninety days. 3.30% of the stock is currently owned by company insiders.

Teledyne Technologies Incorporated (TDY) traded down $1.57 during midday trading on Tuesday, hitting $181.92. 113,800 shares of the stock were exchanged, compared to its average volume of 165,182. Teledyne Technologies Incorporated has a 1-year low of $119.67 and a 1-year high of $186.54. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.98 and a quick ratio of 1.16. The firm has a market capitalization of $6,370.00, a P/E ratio of 27.76, a PEG ratio of 3.65 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share 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 business had revenue of $662.20 million for the quarter, compared to the consensus estimate of $656.20 million. During the same period in the prior year, the business posted $1.46 earnings per share. Teledyne Technologies’s revenue for the quarter was up 25.7% compared to the same quarter last year. analysts anticipate that Teledyne Technologies Incorporated will post 6.7 EPS for the current fiscal year.

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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.

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

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