Parametric Portfolio Associates LLC Has $8.08 Million Holdings in Teledyne Technologies Incorporated (TDY)

Parametric Portfolio Associates LLC raised its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 12.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,278 shares of the scientific and technical instruments company’s stock after buying an additional 7,099 shares during the period. Parametric Portfolio Associates LLC owned about 0.18% of Teledyne Technologies worth $8,077,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Teledyne Technologies by 17,074.2% during the first quarter. BlackRock Inc. now owns 3,937,353 shares of the scientific and technical instruments company’s stock worth $497,917,000 after buying an additional 3,914,427 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Teledyne Technologies by 6.0% during the first quarter. Vanguard Group Inc. now owns 2,671,329 shares of the scientific and technical instruments company’s stock worth $337,816,000 after buying an additional 151,201 shares in the last quarter. State Street Corp increased its holdings in shares of Teledyne Technologies by 4.9% during the first quarter. State Street Corp now owns 1,260,869 shares of the scientific and technical instruments company’s stock worth $159,450,000 after buying an additional 58,466 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Teledyne Technologies by 1.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,045,183 shares of the scientific and technical instruments company’s stock worth $133,417,000 after buying an additional 16,136 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of Teledyne Technologies by 46.9% during 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 in the last quarter. 82.85% of the stock is owned by institutional investors.

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In other news, SVP Jason Vanwees sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $147.07, for a total transaction 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 approximately $5,170,834.13. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Roxanne S. Austin sold 4,000 shares of the company’s 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 directly owns 11,458 shares of the company’s stock, valued at approximately $1,699,221.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,000 shares of company stock valued at $2,060,420. 3.30% of the stock is currently owned by insiders.

Shares of Teledyne Technologies Incorporated (NYSE TDY) opened at 161.95 on Tuesday. The stock’s 50 day moving average is $157.18 and its 200 day moving average is $139.18. Teledyne Technologies Incorporated has a 12-month low of $102.78 and a 12-month high of $165.87. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 29.86 and a beta of 0.98.

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, topping the Zacks’ consensus estimate of $1.25 by $0.49. Teledyne Technologies had a net margin of 8.44% and a return on equity of 13.80%. The company had revenue of $671.10 million during the quarter, compared to the consensus estimate of $636.18 million. During the same quarter in the prior year, the firm posted $1.32 EPS. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. Equities analysts expect that Teledyne Technologies Incorporated will post $5.69 earnings per share for the current year.

Several analysts have recently weighed in on TDY shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $145.00 price objective (up previously from $140.00) on shares of Teledyne Technologies in a report on Friday, July 14th. Needham & Company LLC raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a report on Wednesday, July 5th. BidaskClub raised shares of Teledyne Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Teledyne Technologies by 17,074.2% during the first quarter. BlackRock Inc. now owns 3,937,353 shares of the scientific and technical instruments company’s stock worth $497,917,000 after buying an additional 3,914,427 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Teledyne Technologies by 6.0% during the first quarter. Vanguard Group Inc. now owns 2,671,329 shares of the scientific and technical instruments company’s stock worth $337,816,000 after buying an additional 151,201 shares in the last quarter. State Street Corp increased its holdings in shares of Teledyne Technologies by 4.9% during the first quarter. State Street Corp now owns 1,260,869 shares of the scientific and technical instruments company’s stock worth $159,450,000 after buying an additional 58,466 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Teledyne Technologies by 1.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,045,183 shares of the scientific and technical instruments company’s stock worth $133,417,000 after buying an additional 16,136 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of Teledyne Technologies by 46.9% during 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 in the last quarter. 82.85% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/17/parametric-portfolio-associates-llc-has-8-08-million-holdings-in-teledyne-technologies-incorporated-tdy.html.

In other news, SVP Jason Vanwees sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $147.07, for a total transaction 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 approximately $5,170,834.13. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Roxanne S. Austin sold 4,000 shares of the company’s 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 directly owns 11,458 shares of the company’s stock, valued at approximately $1,699,221.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,000 shares of company stock valued at $2,060,420. 3.30% of the stock is currently owned by insiders.

Shares of Teledyne Technologies Incorporated (NYSE TDY) opened at 161.95 on Tuesday. The stock’s 50 day moving average is $157.18 and its 200 day moving average is $139.18. Teledyne Technologies Incorporated has a 12-month low of $102.78 and a 12-month high of $165.87. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 29.86 and a beta of 0.98.

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, topping the Zacks’ consensus estimate of $1.25 by $0.49. Teledyne Technologies had a net margin of 8.44% and a return on equity of 13.80%. The company had revenue of $671.10 million during the quarter, compared to the consensus estimate of $636.18 million. During the same quarter in the prior year, the firm posted $1.32 EPS. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. Equities analysts expect that Teledyne Technologies Incorporated will post $5.69 earnings per share for the current year.

Several analysts have recently weighed in on TDY shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $145.00 price objective (up previously from $140.00) on shares of Teledyne Technologies in a report on Friday, July 14th. Needham & Company LLC raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a report on Wednesday, July 5th. BidaskClub raised shares of Teledyne Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. ValuEngine raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Finally, Zacks Investment Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Teledyne Technologies currently has an average rating of “Hold” and an average price target 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)

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