3,800 Shares in Teledyne Technologies Incorporated (TDY) Purchased by Balyasny Asset Management LLC

Balyasny Asset Management LLC acquired a new position in Teledyne Technologies Incorporated (NYSE:TDY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,800 shares of the scientific and technical instruments company’s stock, valued at approximately $485,000.

A number of other hedge funds have also recently modified their holdings of the business. Ironwood Investment Management LLC grew its position in Teledyne Technologies by 0.7% in the 2nd quarter. Ironwood Investment Management LLC now owns 2,711 shares of the scientific and technical instruments company’s stock worth $346,000 after purchasing an additional 18 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Teledyne Technologies by 2.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,188 shares of the scientific and technical instruments company’s stock worth $149,000 after purchasing an additional 29 shares in the last quarter. Teacher Retirement System of Texas grew its position in Teledyne Technologies by 1.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 2,651 shares of the scientific and technical instruments company’s stock worth $338,000 after purchasing an additional 35 shares in the last quarter. World Asset Management Inc grew its position in Teledyne Technologies by 2.8% in the 2nd quarter. World Asset Management Inc now owns 2,199 shares of the scientific and technical instruments company’s stock worth $281,000 after purchasing an additional 59 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in Teledyne Technologies by 0.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,677 shares of the scientific and technical instruments company’s stock worth $1,363,000 after purchasing an additional 84 shares in the last quarter. 82.85% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Incorporated (NYSE:TDY) opened at 163.06 on Thursday. The firm has a 50-day moving average of $158.22 and a 200-day moving average of $139.85. The stock has a market capitalization of $5.76 billion, a PE ratio of 30.06 and a beta of 0.99. Teledyne Technologies Incorporated has a 1-year low of $102.78 and a 1-year high of $165.87.

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

A number of equities research analysts have issued reports on TDY shares. Zacks Investment Research raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $166.00 price objective for the company in a research report on Tuesday, August 8th. BidaskClub upgraded shares of Teledyne Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Needham & Company LLC upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research note on Wednesday, July 5th. ValuEngine upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $140.00 target price on shares of Teledyne Technologies in a research note on Friday, July 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $157.67.

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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 shares were sold at an average price of $148.30, for a total value of $593,200.00. Following the completion of the sale, the director now directly owns 11,458 shares in the company, valued at $1,699,221.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jason Vanwees sold 6,000 shares of Teledyne Technologies stock in a transaction that occurred on Monday, August 7th. The stock was 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

A number of other hedge funds have also recently modified their holdings of the business. Ironwood Investment Management LLC grew its position in Teledyne Technologies by 0.7% in the 2nd quarter. Ironwood Investment Management LLC now owns 2,711 shares of the scientific and technical instruments company’s stock worth $346,000 after purchasing an additional 18 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Teledyne Technologies by 2.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,188 shares of the scientific and technical instruments company’s stock worth $149,000 after purchasing an additional 29 shares in the last quarter. Teacher Retirement System of Texas grew its position in Teledyne Technologies by 1.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 2,651 shares of the scientific and technical instruments company’s stock worth $338,000 after purchasing an additional 35 shares in the last quarter. World Asset Management Inc grew its position in Teledyne Technologies by 2.8% in the 2nd quarter. World Asset Management Inc now owns 2,199 shares of the scientific and technical instruments company’s stock worth $281,000 after purchasing an additional 59 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in Teledyne Technologies by 0.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,677 shares of the scientific and technical instruments company’s stock worth $1,363,000 after purchasing an additional 84 shares in the last quarter. 82.85% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Incorporated (NYSE:TDY) opened at 163.06 on Thursday. The firm has a 50-day moving average of $158.22 and a 200-day moving average of $139.85. The stock has a market capitalization of $5.76 billion, a PE ratio of 30.06 and a beta of 0.99. Teledyne Technologies Incorporated has a 1-year low of $102.78 and a 1-year high of $165.87.

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

A number of equities research analysts have issued reports on TDY shares. Zacks Investment Research raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $166.00 price objective for the company in a research report on Tuesday, August 8th. BidaskClub upgraded shares of Teledyne Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Needham & Company LLC upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research note on Wednesday, July 5th. ValuEngine upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $140.00 target price on shares of Teledyne Technologies in a research note on Friday, July 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $157.67.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/19/3800-shares-in-teledyne-technologies-incorporated-tdy-purchased-by-balyasny-asset-management-llc.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 shares were sold at an average price of $148.30, for a total value of $593,200.00. Following the completion of the sale, the director now directly owns 11,458 shares in the company, valued at $1,699,221.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jason Vanwees sold 6,000 shares of Teledyne Technologies stock in a transaction that occurred on Monday, August 7th. The stock was 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 $5,170,834.13. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock valued at $2,060,420 over the last quarter. Company insiders own 3.30% of the company’s stock.

Teledyne Technologies Profile

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.

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

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