CrestPoint Capital Management LLC Holds Stake in Teledyne Technologies Incorporated (NYSE:TDY)

CrestPoint Capital Management LLC maintained its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,700 shares of the scientific and technical instruments company’s stock at the end of the second quarter. CrestPoint Capital Management LLC’s holdings in Teledyne Technologies were worth $600,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TDY. Oregon Public Employees Retirement Fund boosted its position in shares of Teledyne Technologies by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 12,812 shares of the scientific and technical instruments company’s stock valued at $1,635,000 after buying an additional 536 shares during the period. Fisher Asset Management LLC raised its stake in shares of Teledyne Technologies by 8.4% in the second quarter. Fisher Asset Management LLC now owns 334,151 shares of the scientific and technical instruments company’s stock worth $42,654,000 after buying an additional 25,995 shares during the period. NN Investment Partners Holdings N.V. raised its stake in shares of Teledyne Technologies by 17.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 8,935 shares of the scientific and technical instruments company’s stock worth $1,141,000 after buying an additional 1,345 shares during the period. Capstone Asset Management Co. raised its stake in shares of Teledyne Technologies by 83.2% in the second quarter. Capstone Asset Management Co. now owns 4,273 shares of the scientific and technical instruments company’s stock worth $545,000 after buying an additional 1,940 shares during the period. Finally, Clearbridge Investments LLC raised its stake in shares of Teledyne Technologies by 46.9% in the first quarter. Clearbridge Investments LLC now owns 469,287 shares of the scientific and technical instruments company’s stock worth $59,346,000 after buying an additional 149,844 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

Shares of Teledyne Technologies Incorporated (TDY) traded down 0.14% during mid-day trading on Friday, reaching $144.77. The company had a trading volume of 130,675 shares. The firm’s 50-day moving average price is $135.53 and its 200 day moving average price is $131.02. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 26.69 and a beta of 0.98. Teledyne Technologies Incorporated has a 52-week low of $101.90 and a 52-week high of $148.62.

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

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A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $166.00 target price for the company in a research note on Tuesday, August 8th. BidaskClub upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $157.00 target price (up from $148.00) on shares of Teledyne Technologies in a research note on Wednesday. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $150.00 price objective (up from $145.00) on shares of Teledyne Technologies in a research report on Wednesday.

In other news, SVP Jason Vanwees sold 6,000 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $147.07, for a total value of $882,420.00. Following the completion of the sale, the senior vice president now owns 35,159 shares of the company’s stock, valued at $5,170,834.13. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael T. Smith sold 3,000 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $134.72, for a total value of $404,160.00. Following the completion of the sale, the director now directly owns 33,806 shares of the company’s stock, valued at approximately $4,554,344.32. The disclosure for this sale can be found here. In the last three months, insiders sold 25,207 shares of company stock valued at $3,459,722. Insiders own 3.30% of the company’s stock.

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)

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