ETRADE Capital Management LLC Has $1.86 Million Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

ETRADE Capital Management LLC reduced its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 11.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,269 shares of the scientific and technical instruments company’s stock after selling 780 shares during the quarter. ETRADE Capital Management LLC’s holdings in Teledyne Technologies were worth $1,863,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TDY. IFP Advisors Inc grew its holdings in shares of Teledyne Technologies by 1,100.0% during the 4th quarter. IFP Advisors Inc now owns 168 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 154 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Teledyne Technologies by 9.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 448 shares of the scientific and technical instruments company’s stock worth $155,000 after purchasing an additional 38 shares in the last quarter. Squar Milner Financial Services LLC grew its holdings in shares of Teledyne Technologies by 209.8% during the 4th quarter. Squar Milner Financial Services LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $88,000 after purchasing an additional 172 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Teledyne Technologies during the 4th quarter worth $212,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Teledyne Technologies by 242.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,607 shares of the scientific and technical instruments company’s stock worth $2,636,000 after purchasing an additional 5,386 shares in the last quarter. 84.59% of the stock is currently owned by institutional investors.

In other news, Director Schack Wesley W. Von sold 1,000 shares of Teledyne Technologies stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $337.75, for a total transaction of $337,750.00. Following the sale, the director now directly owns 13,719 shares of the company’s stock, valued at $4,633,592.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aldo Pichelli sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $332.17, for a total value of $1,660,850.00. Following the transaction, the chief executive officer now owns 94,002 shares of the company’s stock, valued at $31,224,644.34. The disclosure for this sale can be found here. Insiders have sold 61,368 shares of company stock worth $20,422,495 over the last three months. Insiders own 3.15% of the company’s stock.

Shares of TDY stock opened at $339.22 on Friday. The business’s 50-day moving average price is $317.58 and its 200-day moving average price is $338.13. Teledyne Technologies Incorporated has a 12 month low of $195.34 and a 12 month high of $398.99. The firm has a market capitalization of $12.21 billion, a price-to-earnings ratio of 31.21 and a beta of 1.00. The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.31.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, April 22nd. The scientific and technical instruments company reported $2.17 EPS for the quarter, missing the Zacks’ consensus estimate of $2.19 by ($0.02). Teledyne Technologies had a net margin of 12.78% and a return on equity of 15.49%. The firm had revenue of $784.60 million for the quarter, compared to analyst estimates of $785.00 million. During the same period in the previous year, the business posted $2.02 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, sell-side analysts predict that Teledyne Technologies Incorporated will post 9.54 earnings per share for the current fiscal year.

Several analysts recently weighed in on the company. ValuEngine raised Teledyne Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC reduced their price objective on Teledyne Technologies from $350.00 to $345.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Zacks Investment Research raised Teledyne Technologies from a “hold” rating to a “buy” rating and set a $393.00 price objective on the stock in a research note on Tuesday, January 28th. Finally, Cowen raised their price objective on Teledyne Technologies from $375.00 to $415.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Teledyne Technologies has an average rating of “Buy” and a consensus price target of $360.75.

Teledyne Technologies Company Profile

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.

Further Reading: Dividend Achievers

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.