Smith Graham & Co. Investment Advisors LP Has $11.40 Million Position in Teledyne Technologies Incorporated (TDY)

Smith Graham & Co. Investment Advisors LP decreased its position in Teledyne Technologies Incorporated (NYSE:TDY) by 8.6% in the 3rd quarter, Holdings Channel reports. The firm owned 46,225 shares of the scientific and technical instruments company’s stock after selling 4,370 shares during the period. Teledyne Technologies makes up about 1.1% of Smith Graham & Co. Investment Advisors LP’s holdings, making the stock its 14th largest holding. Smith Graham & Co. Investment Advisors LP’s holdings in Teledyne Technologies were worth $11,403,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TDY. Reilly Financial Advisors LLC acquired a new position in Teledyne Technologies in the 3rd quarter valued at about $133,000. Cubist Systematic Strategies LLC grew its holdings in Teledyne Technologies by 128.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 890 shares of the scientific and technical instruments company’s stock valued at $167,000 after buying an additional 500 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in Teledyne Technologies in the 2nd quarter valued at about $211,000. Independence Advisors LLC purchased a new stake in Teledyne Technologies in the 3rd quarter valued at about $214,000. Finally, Telemus Capital LLC purchased a new stake in Teledyne Technologies in the 3rd quarter valued at about $216,000. 83.68% of the stock is owned by hedge funds and other institutional investors.

TDY traded down $1.11 during midday trading on Monday, hitting $214.95. The company’s stock had a trading volume of 214,733 shares, compared to its average volume of 155,503. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.24. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 3.49 and a beta of 1.05. Teledyne Technologies Incorporated has a 52-week low of $166.68 and a 52-week high of $250.87.



Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, October 24th. The scientific and technical instruments company reported $2.22 EPS for the quarter, beating the consensus estimate of $2.05 by $0.17. The company had revenue of $725.30 million during the quarter, compared to analysts’ expectations of $710.70 million. Teledyne Technologies had a return on equity of 14.74% and a net margin of 10.86%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.96 EPS. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 8.25 earnings per share for the current year.

In other news, SVP Jason Vanwees sold 8,000 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $225.30, for a total transaction of $1,802,400.00. Following the completion of the sale, the senior vice president now owns 38,585 shares in the company, valued at approximately $8,693,200.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas H. Reslewic sold 21,000 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $225.49, for a total value of $4,735,290.00. Following the sale, the vice president now owns 24,409 shares of the company’s stock, valued at approximately $5,503,985.41. The disclosure for this sale can be found here. Insiders sold a total of 92,000 shares of company stock valued at $21,128,980 in the last 90 days. 3.73% of the stock is owned by company insiders.

TDY has been the subject of several recent analyst reports. Zacks Investment Research cut Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 12th. Jefferies Financial Group set a $222.00 price target on Teledyne Technologies and gave the company a “hold” rating in a report on Sunday, August 5th. Finally, Needham & Company LLC lifted their price target on Teledyne Technologies from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, August 6th.

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.

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

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