48,973 Shares in Teledyne Technologies Incorporated (TDY) Acquired by Laurion Capital Management LP

Laurion Capital Management LP acquired a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 48,973 shares of the scientific and technical instruments company’s stock, valued at approximately $6,251,000. Laurion Capital Management LP owned about 0.14% of Teledyne Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TDY. Great West Life Assurance Co. Can raised its stake in Teledyne Technologies by 4.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 20,683 shares of the scientific and technical instruments company’s stock valued at $2,613,000 after acquiring an additional 953 shares during the last quarter. Swiss National Bank raised its stake in Teledyne Technologies by 1.5% during the 1st quarter. Swiss National Bank now owns 54,900 shares of the scientific and technical instruments company’s stock valued at $6,943,000 after acquiring an additional 800 shares during the last quarter. World Asset Management Inc raised its stake in Teledyne Technologies by 3.1% during the 1st quarter. World Asset Management Inc now owns 2,140 shares of the scientific and technical instruments company’s stock valued at $271,000 after acquiring an additional 64 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Teledyne Technologies by 25.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 20,443 shares of the scientific and technical instruments company’s stock valued at $2,585,000 after acquiring an additional 4,087 shares during the last quarter. Finally, Meadow Creek Investment Management LLC raised its stake in Teledyne Technologies by 17.7% during the 1st quarter. Meadow Creek Investment Management LLC now owns 2,482 shares of the scientific and technical instruments company’s stock valued at $314,000 after acquiring an additional 374 shares during the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Incorporated (NYSE:TDY) traded up 0.31% during mid-day trading on Friday, reaching $155.18. The company’s stock had a trading volume of 267,922 shares. The firm has a market capitalization of $5.48 billion, a PE ratio of 28.61 and a beta of 0.96. Teledyne Technologies Incorporated has a 12 month low of $101.90 and a 12 month high of $155.71. The stock’s 50-day moving average is $146.89 and its 200-day moving average is $134.42.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.49. Teledyne Technologies had a return on equity of 13.80% and a net margin of 8.44%. The company had revenue of $671.10 million during the quarter, compared to the consensus estimate of $636.18 million. During the same period in the previous year, the firm posted $1.32 earnings per share. Teledyne Technologies’s quarterly revenue was up 24.3% compared to the same quarter last year. On average, equities analysts anticipate that Teledyne Technologies Incorporated will post $5.69 EPS for the current year.

WARNING: This piece of content was originally reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.truebluetribune.com/2017/09/17/48973-shares-in-teledyne-technologies-incorporated-tdy-acquired-by-laurion-capital-management-lp.html.

In other news, Director Roxanne S. Austin sold 4,000 shares of Teledyne Technologies stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $148.30, for a total transaction of $593,200.00. Following the sale, the director now owns 11,458 shares of the company’s stock, valued at $1,699,221.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Thomas H. Reslewic purchased 5,000 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were acquired at an average cost of $124.50 per share, for a total transaction of $622,500.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 14,000 shares of company stock valued at $2,060,420. 3.30% of the stock is currently owned by insiders.

Several analysts have commented on TDY shares. Zacks Investment Research raised Teledyne Technologies from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a research note on Tuesday, May 23rd. BidaskClub raised Teledyne Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Needham & Company LLC raised Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a research note on Wednesday, July 5th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $140.00 price objective on shares of Teledyne Technologies in a research note on Friday, July 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $157.67.

About Teledyne Technologies

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.

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

Receive News & Ratings for Teledyne Technologies Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply