Whittier Trust Co. Has $6.15 Million Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Whittier Trust Co. increased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 3.7% during the second quarter, Holdings Channel reports. The fund owned 22,456 shares of the scientific and technical instruments company’s stock after acquiring an additional 806 shares during the quarter. Whittier Trust Co.’s holdings in Teledyne Technologies were worth $6,150,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. raised its stake in shares of Teledyne Technologies by 13.8% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,095 shares of the scientific and technical instruments company’s stock valued at $434,000 after buying an additional 254 shares during the last quarter. Millennium Management LLC raised its stake in shares of Teledyne Technologies by 663.4% during the 4th quarter. Millennium Management LLC now owns 38,338 shares of the scientific and technical instruments company’s stock valued at $7,939,000 after buying an additional 33,316 shares during the last quarter. Norges Bank purchased a new position in shares of Teledyne Technologies during the 4th quarter valued at about $56,856,000. Geode Capital Management LLC raised its stake in shares of Teledyne Technologies by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 379,773 shares of the scientific and technical instruments company’s stock valued at $78,639,000 after buying an additional 42,048 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Teledyne Technologies by 32.6% during the 4th quarter. Deutsche Bank AG now owns 60,425 shares of the scientific and technical instruments company’s stock valued at $12,509,000 after buying an additional 14,847 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

In other Teledyne Technologies news, Director Simon M. Lorne sold 248 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $295.47, for a total transaction of $73,276.56. Following the completion of the sale, the director now directly owns 31,271 shares in the company, valued at approximately $9,239,642.37. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Sue Main sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $250.82, for a total value of $3,009,840.00. Following the sale, the chief financial officer now owns 48,418 shares of the company’s stock, valued at $12,144,202.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,123 shares of company stock valued at $10,099,288. 3.19% of the stock is owned by company insiders.

Shares of Teledyne Technologies stock traded up $0.47 on Friday, hitting $289.12. The company’s stock had a trading volume of 129,511 shares, compared to its average volume of 161,475. The company has a quick ratio of 1.08, a current ratio of 1.63 and a debt-to-equity ratio of 0.31. Teledyne Technologies Incorporated has a 1 year low of $189.35 and a 1 year high of $306.46. The firm’s fifty day moving average is $276.09. The firm has a market cap of $10.60 billion, a P/E ratio of 32.56, a price-to-earnings-growth ratio of 3.90 and a beta of 1.14.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $2.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.40 by $0.40. Teledyne Technologies had a return on equity of 15.09% and a net margin of 12.04%. The firm had revenue of $782.00 million during the quarter, compared to analyst estimates of $781.55 million. During the same quarter in the previous year, the business earned $2.32 EPS. Teledyne Technologies’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities analysts forecast that Teledyne Technologies Incorporated will post 9.95 earnings per share for the current fiscal year.

A number of research firms have weighed in on TDY. Needham & Company LLC lifted their price objective on Teledyne Technologies from $275.00 to $328.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Berenberg Bank began coverage on Teledyne Technologies in a research note on Tuesday, June 11th. They issued a “buy” rating and a $290.00 price target for the company. Finally, ValuEngine lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Teledyne Technologies has a consensus rating of “Buy” and an average target price of $272.40.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Denmark, Canada, France, and the Netherlands. 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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