Man Group plc trimmed its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 82.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,514 shares of the scientific and technical instruments company’s stock after selling 25,458 shares during the quarter. Man Group plc’s holdings in Teledyne Technologies were worth $1,775,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Squarepoint Ops LLC raised its position in shares of Teledyne Technologies by 634.6% during the 3rd quarter. Squarepoint Ops LLC now owns 52,782 shares of the scientific and technical instruments company’s stock valued at $16,995,000 after buying an additional 45,597 shares in the last quarter. Voloridge Investment Management LLC raised its position in shares of Teledyne Technologies by 50.2% during the 3rd quarter. Voloridge Investment Management LLC now owns 18,686 shares of the scientific and technical instruments company’s stock valued at $6,017,000 after buying an additional 6,247 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Teledyne Technologies during the 3rd quarter valued at about $348,000. Parametric Portfolio Associates LLC raised its position in shares of Teledyne Technologies by 2.1% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 91,624 shares of the scientific and technical instruments company’s stock valued at $29,502,000 after buying an additional 1,888 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Teledyne Technologies by 0.3% during the 3rd quarter. California State Teachers Retirement System now owns 57,065 shares of the scientific and technical instruments company’s stock valued at $18,374,000 after buying an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 84.77% of the company’s stock.

Teledyne Technologies stock opened at $347.71 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 1.00. Teledyne Technologies Incorporated has a 1-year low of $189.35 and a 1-year high of $351.52. The firm has a market capitalization of $12.68 billion, a P/E ratio of 39.16, a price-to-earnings-growth ratio of 4.46 and a beta of 1.09. The company’s 50-day moving average is $341.18 and its 200 day moving average is $303.58.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $2.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.53 by $0.31. Teledyne Technologies had a net margin of 12.27% and a return on equity of 15.52%. The company had revenue of $802.20 million for the quarter, compared to analyst estimates of $786.55 million. During the same period in the prior year, the company posted $2.43 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts anticipate that Teledyne Technologies Incorporated will post 10.42 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on TDY. ValuEngine upgraded shares of Teledyne Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Cowen set a $375.00 target price on shares of Teledyne Technologies and gave the company a “buy” rating in a research report on Friday, September 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Teledyne Technologies currently has a consensus rating of “Buy” and a consensus price target of $312.50.

In related news, VP Stephen Finis Blackwood sold 5,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $346.73, for a total value of $1,733,650.00. Following the sale, the vice president now directly owns 14,254 shares of the company’s stock, valued at approximately $4,942,289.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sue Main sold 12,000 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $318.22, for a total transaction of $3,818,640.00. Following the completion of the sale, the chief financial officer now directly owns 48,418 shares in the company, valued at $15,407,575.96. The disclosure for this sale can be found here. Insiders sold a total of 37,712 shares of company stock worth $12,443,774 over the last three months. 3.19% of the stock is currently owned by corporate insiders.

About Teledyne Technologies

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Denmark, Canada, France, and the Netherlands. 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.

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

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