Summit Trail Advisors LLC Has $114,000 Stake in Teledyne Technologies Incorporated (TDY)

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Summit Trail Advisors LLC raised its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 10,918.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,714 shares of the scientific and technical instruments company’s stock after acquiring an additional 112,682 shares during the quarter. Summit Trail Advisors LLC owned approximately 0.32% of Teledyne Technologies worth $114,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TDY. GHP Investment Advisors Inc. grew its position in shares of Teledyne Technologies by 1.9% in the fourth quarter. GHP Investment Advisors Inc. now owns 14,225 shares of the scientific and technical instruments company’s stock valued at $2,577,000 after purchasing an additional 270 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Teledyne Technologies by 14.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,214 shares of the scientific and technical instruments company’s stock valued at $414,000 after purchasing an additional 279 shares during the period. State Treasurer State of Michigan grew its position in shares of Teledyne Technologies by 2.4% in the first quarter. State Treasurer State of Michigan now owns 13,000 shares of the scientific and technical instruments company’s stock valued at $2,433,000 after purchasing an additional 300 shares during the period. Riverhead Capital Management LLC grew its position in shares of Teledyne Technologies by 5.4% in the first quarter. Riverhead Capital Management LLC now owns 5,891 shares of the scientific and technical instruments company’s stock valued at $1,103,000 after purchasing an additional 300 shares during the period. Finally, Glen Harbor Capital Management LLC grew its position in shares of Teledyne Technologies by 6.4% in the first quarter. Glen Harbor Capital Management LLC now owns 5,104 shares of the scientific and technical instruments company’s stock valued at $955,000 after purchasing an additional 308 shares during the period. 84.05% of the stock is owned by institutional investors.

In other Teledyne Technologies news, VP Thomas H. Reslewic sold 10,000 shares of the business’s stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $197.93, for a total transaction of $1,979,300.00. Following the completion of the sale, the vice president now owns 26,409 shares of the company’s stock, valued at $5,227,133.37. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Edwin Roks sold 11,334 shares of the business’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $206.00, for a total value of $2,334,804.00. Following the sale, the vice president now directly owns 8,570 shares of the company’s stock, valued at approximately $1,765,420. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,464 shares of company stock valued at $18,205,527. 3.73% of the stock is owned by company insiders.

Shares of NYSE:TDY opened at $199.06 on Friday. The firm has a market capitalization of $7.06 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02. The company has a quick ratio of 1.22, a current ratio of 1.91 and a debt-to-equity ratio of 0.50. Teledyne Technologies Incorporated has a 52 week low of $125.38 and a 52 week high of $214.32.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Thursday, May 3rd. The scientific and technical instruments company reported $1.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.26. Teledyne Technologies had a return on equity of 14.33% and a net margin of 9.63%. The firm had revenue of $695.60 million during the quarter, compared to the consensus estimate of $661.58 million. During the same quarter in the previous year, the business earned $0.84 earnings per share. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. research analysts anticipate that Teledyne Technologies Incorporated will post 7.55 earnings per share for the current fiscal year.

TDY has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective (up previously from $205.00) on shares of Teledyne Technologies in a research report on Friday, May 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $197.67.

Teledyne Technologies 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.

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

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