Tower Research Capital LLC TRC grew its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 316.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,987 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,269 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Teledyne Technologies were worth $737,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Reilly Financial Advisors LLC bought a new position in Teledyne Technologies during the 3rd quarter worth approximately $133,000. Independence Advisors LLC bought a new position in Teledyne Technologies during the 3rd quarter worth approximately $214,000. Telemus Capital LLC bought a new position in Teledyne Technologies during the 3rd quarter worth approximately $216,000. First Hawaiian Bank bought a new position in Teledyne Technologies during the 3rd quarter worth approximately $235,000. Finally, Robeco Institutional Asset Management B.V. bought a new position in Teledyne Technologies during the 2nd quarter worth approximately $211,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 12th.

Teledyne Technologies stock opened at $215.15 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.24. Teledyne Technologies Incorporated has a 52-week low of $172.80 and a 52-week high of $250.87. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 3.28 and a beta of 1.11.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, October 24th. The scientific and technical instruments company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.17. Teledyne Technologies had a net margin of 10.86% and a return on equity of 14.74%. The firm had revenue of $725.30 million during the quarter, compared to analyst estimates of $710.70 million. During the same quarter last year, the business earned $1.96 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. Analysts forecast that Teledyne Technologies Incorporated will post 8.75 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Tower Research Capital LLC TRC Acquires 2,269 Shares of Teledyne Technologies Incorporated (TDY)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.thecerbatgem.com/2018/12/06/tower-research-capital-llc-trc-acquires-2269-shares-of-teledyne-technologies-incorporated-tdy.html.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, Canada, the United Kingdom, France, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments.

Featured Story: How are Outstanding Shares Different from Authorized Shares?

Want to see what other hedge funds are holding TDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teledyne Technologies Incorporated (NYSE:TDY).

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

Receive News & Ratings for Teledyne Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies and related companies with MarketBeat.com's FREE daily email newsletter.