Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 0.4% during the 4th quarter, Holdings Channel reports. The firm owned 266,604 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,102 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in Teledyne Technologies were worth $48,295,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in Teledyne Technologies during the 4th quarter worth approximately $101,000. Advisor Group Inc. increased its holdings in Teledyne Technologies by 41.6% during the 4th quarter. Advisor Group Inc. now owns 1,075 shares of the scientific and technical instruments company’s stock worth $195,000 after purchasing an additional 316 shares during the last quarter. Kovack Advisors Inc. purchased a new stake in Teledyne Technologies during the 4th quarter worth approximately $213,000. Zions Bancorporation purchased a new stake in Teledyne Technologies during the 3rd quarter worth approximately $220,000. Finally, CIBC Asset Management Inc purchased a new stake in Teledyne Technologies during the 4th quarter worth approximately $220,000. Institutional investors own 85.03% of the company’s stock.
In other news, Director Kenneth C. Dahlberg sold 5,994 shares of Teledyne Technologies stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $182.44, for a total value of $1,093,545.36. Following the completion of the transaction, the director now owns 12,164 shares in the company, valued at approximately $2,219,200.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Simon M. Lorne sold 4,958 shares of Teledyne Technologies stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $181.64, for a total value of $900,571.12. Following the completion of the transaction, the director now owns 30,297 shares of the company’s stock, valued at approximately $5,503,147.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,452 shares of company stock valued at $10,162,286. Insiders own 3.73% of the company’s stock.
Teledyne Technologies Incorporated (NYSE TDY) opened at $192.93 on Tuesday. The company has a market capitalization of $6,840.00, a P/E ratio of 30.24, a PEG ratio of 3.43 and a beta of 1.02. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.87 and a quick ratio of 1.13. Teledyne Technologies Incorporated has a 12-month low of $121.58 and a 12-month high of $201.40.
Teledyne Technologies (NYSE:TDY) last issued its earnings results on Thursday, February 1st. The scientific and technical instruments company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.74 by $0.21. The company had revenue of $704.40 million during the quarter, compared to analyst estimates of $669.25 million. Teledyne Technologies had a return on equity of 14.07% and a net margin of 8.73%. The business’s revenue was up 27.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 EPS. research analysts expect that Teledyne Technologies Incorporated will post 7.55 earnings per share for the current year.
Teledyne Technologies Company 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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