Teledyne Technologies Incorporated (TDY) Shares Sold by Dimensional Fund Advisors LP

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Dimensional Fund Advisors LP trimmed its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 10.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 344,368 shares of the scientific and technical instruments company’s stock after selling 40,784 shares during the quarter. Dimensional Fund Advisors LP owned 0.96% of Teledyne Technologies worth $68,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of TDY. Lord Abbett & CO. LLC lifted its position in shares of Teledyne Technologies by 158.7% in the first quarter. Lord Abbett & CO. LLC now owns 363,595 shares of the scientific and technical instruments company’s stock worth $68,054,000 after purchasing an additional 223,056 shares in the last quarter. BlackRock Inc. lifted its position in shares of Teledyne Technologies by 4.8% in the first quarter. BlackRock Inc. now owns 3,642,342 shares of the scientific and technical instruments company’s stock worth $681,738,000 after purchasing an additional 165,676 shares in the last quarter. Summit Trail Advisors LLC lifted its position in shares of Teledyne Technologies by 10,918.8% in the first quarter. Summit Trail Advisors LLC now owns 113,714 shares of the scientific and technical instruments company’s stock worth $114,000 after purchasing an additional 112,682 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Teledyne Technologies by 160.3% in the first quarter. Legal & General Group Plc now owns 115,144 shares of the scientific and technical instruments company’s stock worth $21,551,000 after purchasing an additional 70,913 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in shares of Teledyne Technologies by 16.3% in the first quarter. Westfield Capital Management Co. LP now owns 464,323 shares of the scientific and technical instruments company’s stock worth $86,907,000 after purchasing an additional 65,033 shares in the last quarter. 83.90% of the stock is owned by institutional investors and hedge funds.

In related news, VP Thomas H. Reslewic sold 21,000 shares of the stock in a transaction that occurred on 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 transaction, the vice president now owns 24,409 shares in the company, valued at $5,503,985.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Robert Mehrabian sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $232.90, for a total value of $8,151,500.00. Following the completion of the transaction, the chairman now owns 259,252 shares in the company, valued at approximately $60,379,790.80. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock worth $21,128,980 in the last 90 days. 3.73% of the stock is currently owned by corporate insiders.

A number of analysts have recently issued reports on TDY shares. Needham & Company LLC increased their price target on shares of Teledyne Technologies from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, August 6th. Zacks Investment Research upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $246.00 price objective on the stock in a report on Thursday, August 2nd. Finally, Jefferies Financial Group set a $222.00 price objective on Teledyne Technologies and gave the stock a “hold” rating in a report on Sunday, August 5th.

NYSE:TDY opened at $245.69 on Thursday. Teledyne Technologies Incorporated has a 52 week low of $158.15 and a 52 week high of $250.87. The company has a market capitalization of $8.89 billion, a P/E ratio of 35.45, a PEG ratio of 4.00 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.27 and a current ratio of 1.96.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Thursday, August 2nd. The scientific and technical instruments company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.44. Teledyne Technologies had a return on equity of 14.81% and a net margin of 10.34%. The firm had revenue of $732.50 million for the quarter, compared to the consensus estimate of $707.12 million. During the same quarter in the prior year, the company posted $1.66 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. sell-side analysts anticipate that Teledyne Technologies Incorporated will post 8.25 EPS for the current year.

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.

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

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