Moors & Cabot Inc. Invests $254,000 in Teledyne Technologies Incorporated (NYSE:TDY)

Moors & Cabot Inc. purchased a new position in Teledyne Technologies Incorporated (NYSE:TDYFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 621 shares of the scientific and technical instruments company’s stock, valued at approximately $254,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Teledyne Technologies by 3.1% during the second quarter. Geode Capital Management LLC now owns 1,037,487 shares of the scientific and technical instruments company’s stock valued at $425,515,000 after acquiring an additional 31,116 shares during the last quarter. Barclays PLC increased its position in shares of Teledyne Technologies by 18.0% during the third quarter. Barclays PLC now owns 99,504 shares of the scientific and technical instruments company’s stock valued at $40,656,000 after acquiring an additional 15,169 shares during the last quarter. Truist Financial Corp increased its position in shares of Teledyne Technologies by 3.9% during the second quarter. Truist Financial Corp now owns 17,185 shares of the scientific and technical instruments company’s stock valued at $7,065,000 after acquiring an additional 650 shares during the last quarter. Canandaigua National Bank & Trust Co. increased its position in shares of Teledyne Technologies by 8.2% during the third quarter. Canandaigua National Bank & Trust Co. now owns 544 shares of the scientific and technical instruments company’s stock valued at $222,000 after acquiring an additional 41 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in shares of Teledyne Technologies by 21.5% during the third quarter. Metis Global Partners LLC now owns 1,715 shares of the scientific and technical instruments company’s stock valued at $701,000 after acquiring an additional 303 shares during the last quarter. 87.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Michael T. Smith sold 1,071 shares of Teledyne Technologies stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $395.00, for a total value of $423,045.00. Following the completion of the transaction, the director now owns 56,492 shares in the company, valued at $22,314,340. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Kenneth C. Dahlberg sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the completion of the sale, the director now owns 18,735 shares in the company, valued at approximately $8,110,568.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael T. Smith sold 1,071 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $395.00, for a total transaction of $423,045.00. Following the sale, the director now owns 56,492 shares of the company’s stock, valued at approximately $22,314,340. The disclosure for this sale can be found here. Insiders sold 75,277 shares of company stock worth $31,130,219 over the last 90 days. 2.14% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on TDY. Needham & Company LLC dropped their price target on shares of Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Teledyne Technologies presently has an average rating of “Moderate Buy” and an average price target of $515.67.

Get Our Latest Stock Report on TDY

Teledyne Technologies Trading Up 0.9 %

Shares of TDY stock opened at $434.09 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.17 and a current ratio of 1.69. The stock has a market capitalization of $20.48 billion, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 2.61 and a beta of 1.03. The company has a 50 day moving average price of $427.48 and a 200 day moving average price of $408.67. Teledyne Technologies Incorporated has a fifty-two week low of $364.98 and a fifty-two week high of $448.71.

Teledyne Technologies (NYSE:TDYGet Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.40. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the firm earned $4.94 earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis. Equities research analysts predict that Teledyne Technologies Incorporated will post 20.51 EPS for the current fiscal year.

Teledyne Technologies Company Profile

(Free Report)

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets 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.

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

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