Nationwide Fund Advisors Sells 779 Shares of Teledyne Technologies Incorporated (TDY)

Nationwide Fund Advisors lessened its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 1.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,532 shares of the scientific and technical instruments company’s stock after selling 779 shares during the quarter. Nationwide Fund Advisors owned 0.20% of Teledyne Technologies worth $11,386,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TDY. Aperio Group LLC lifted its stake in shares of Teledyne Technologies by 10.8% during the second quarter. Aperio Group LLC now owns 9,698 shares of the scientific and technical instruments company’s stock worth $1,238,000 after purchasing an additional 946 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Teledyne Technologies by 5.8% during the second quarter. Russell Investments Group Ltd. now owns 102,590 shares of the scientific and technical instruments company’s stock worth $13,096,000 after purchasing an additional 5,659 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Teledyne Technologies by 0.4% during the second quarter. Great West Life Assurance Co. Can now owns 20,776 shares of the scientific and technical instruments company’s stock worth $2,651,000 after purchasing an additional 93 shares in the last quarter. World Asset Management Inc lifted its stake in shares of Teledyne Technologies by 2.8% during the second quarter. World Asset Management Inc now owns 2,199 shares of the scientific and technical instruments company’s stock worth $281,000 after purchasing an additional 59 shares in the last quarter. Finally, Palisade Capital Management LLC NJ lifted its stake in shares of Teledyne Technologies by 11.3% during the second quarter. Palisade Capital Management LLC NJ now owns 158,778 shares of the scientific and technical instruments company’s stock worth $20,268,000 after purchasing an additional 16,097 shares in the last quarter. Institutional investors own 84.11% of the company’s stock.

Shares of Teledyne Technologies Incorporated (NYSE:TDY) traded down $1.57 during midday trading on Tuesday, hitting $181.92. The stock had a trading volume of 113,800 shares, compared to its average volume of 165,182. Teledyne Technologies Incorporated has a twelve month low of $119.67 and a twelve month high of $186.54. The stock has a market capitalization of $6,370.00, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 3.65 and a beta of 1.03. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.98.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.34. Teledyne Technologies had a return on equity of 14.18% and a net margin of 8.67%. The business had revenue of $662.20 million for the quarter, compared to analyst estimates of $656.20 million. During the same period in the previous year, the company earned $1.46 earnings per share. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. research analysts expect that Teledyne Technologies Incorporated will post 6.7 EPS for the current fiscal year.

TDY has been the topic of a number of recent research reports. Zacks Investment Research upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a research note on Tuesday, August 8th. BidaskClub raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $157.00 target price (up from $148.00) on shares of Teledyne Technologies in a research report on Wednesday, August 9th. Jefferies Group reaffirmed a “hold” rating and set a $150.00 target price (up from $145.00) on shares of Teledyne Technologies in a research report on Wednesday, August 9th. Finally, ValuEngine raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $175.33.

In other news, SVP Jason Vanwees sold 4,500 shares of Teledyne Technologies stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $182.83, for a total transaction of $822,735.00. Following the sale, the senior vice president now directly owns 33,659 shares of the company’s stock, valued at $6,153,874.97. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sue Main sold 7,000 shares of Teledyne Technologies stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $183.88, for a total value of $1,287,160.00. Following the sale, the chief financial officer now directly owns 40,874 shares in the company, valued at $7,515,911.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,406 shares of company stock worth $3,743,275. Corporate insiders own 3.30% of the company’s stock.

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Teledyne Technologies Profile

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

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

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