Atria Investments LLC Makes New Investment in Teledyne Technologies Incorporated (NYSE:TDY)

Atria Investments LLC purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,822 shares of the scientific and technical instruments company’s stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nikko Asset Management Americas Inc. boosted its holdings in shares of Teledyne Technologies by 3.4% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 1,170 shares of the scientific and technical instruments company’s stock valued at $320,000 after acquiring an additional 38 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Teledyne Technologies by 0.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,379 shares of the scientific and technical instruments company’s stock worth $1,512,000 after buying an additional 48 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in shares of Teledyne Technologies by 5.8% in the second quarter. Wedbush Securities Inc. now owns 908 shares of the scientific and technical instruments company’s stock worth $249,000 after buying an additional 50 shares during the last quarter. Connable Office Inc. boosted its holdings in shares of Teledyne Technologies by 2.4% in the first quarter. Connable Office Inc. now owns 2,175 shares of the scientific and technical instruments company’s stock worth $515,000 after buying an additional 52 shares during the last quarter. Finally, Cetera Advisors LLC boosted its holdings in shares of Teledyne Technologies by 2.5% in the first quarter. Cetera Advisors LLC now owns 2,233 shares of the scientific and technical instruments company’s stock worth $529,000 after buying an additional 55 shares during the last quarter. 85.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TDY traded up $0.71 during trading hours on Friday, reaching $312.88. 24,217 shares of the company traded hands, compared to its average volume of 186,536. Teledyne Technologies Incorporated has a 12-month low of $189.35 and a 12-month high of $323.10. The stock’s fifty day moving average price is $301.11 and its 200 day moving average price is $262.39. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 4.09 and a beta of 1.11. The company has a current ratio of 1.63, a quick ratio of 1.08 and a debt-to-equity ratio of 0.31.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $2.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.40 by $0.40. The company had revenue of $782.00 million during the quarter, compared to analyst estimates of $781.55 million. Teledyne Technologies had a net margin of 12.04% and a return on equity of 15.09%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.32 earnings per share. On average, research analysts forecast that Teledyne Technologies Incorporated will post 9.95 earnings per share for the current year.

A number of research firms recently issued reports on TDY. Needham & Company LLC raised their price objective on shares of Teledyne Technologies from $275.00 to $328.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Cowen lifted their price objective on shares of Teledyne Technologies from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Berenberg Bank assumed coverage on shares of Teledyne Technologies in a research report on Tuesday, June 11th. They set a “buy” rating and a $290.00 price objective on the stock. Finally, ValuEngine upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Five investment analysts have rated the stock with a buy rating, Teledyne Technologies presently has a consensus rating of “Buy” and an average target price of $293.75.

In other Teledyne Technologies news, VP Cynthia Y. Belak sold 11,362 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $264.49, for a total value of $3,005,135.38. Following the sale, the vice president now owns 14,407 shares in the company, valued at approximately $3,810,507.43. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Charles Crocker sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $291.00, for a total value of $582,000.00. Following the transaction, the director now owns 46,496 shares in the company, valued at approximately $13,530,336. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,610 shares of company stock worth $5,478,592. Insiders own 3.19% of the company’s stock.

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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