Charter Trust Co. Acquires New Position in Teledyne Technologies Incorporated (TDY)

Charter Trust Co. acquired a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,504 shares of the scientific and technical instruments company’s stock, valued at approximately $454,000.

Other large investors also recently made changes to their positions in the company. Quantitative Systematic Strategies LLC bought a new position in shares of Teledyne Technologies during the third quarter valued at about $680,000. Rhumbline Advisers grew its stake in shares of Teledyne Technologies by 11.2% in the third quarter. Rhumbline Advisers now owns 76,533 shares of the scientific and technical instruments company’s stock worth $12,183,000 after purchasing an additional 7,714 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Teledyne Technologies in the second quarter worth about $4,578,000. Goldman Sachs Group Inc. grew its stake in shares of Teledyne Technologies by 56.2% in the second quarter. Goldman Sachs Group Inc. now owns 212,871 shares of the scientific and technical instruments company’s stock worth $27,173,000 after purchasing an additional 76,567 shares during the last quarter. Finally, TT International grew its stake in shares of Teledyne Technologies by 73.2% in the third quarter. TT International now owns 30,320 shares of the scientific and technical instruments company’s stock worth $4,826,000 after purchasing an additional 12,816 shares during the last quarter. 84.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Teledyne Technologies Incorporated (TDY) opened at $190.66 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.98 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $6,849.17, a PE ratio of 32.43, a P/E/G ratio of 3.63 and a beta of 1.03. Teledyne Technologies Incorporated has a 12 month low of $119.67 and a 12 month high of $196.71.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.34. The company had revenue of $662.20 million for the quarter, compared to analysts’ expectations of $656.20 million. Teledyne Technologies had a return on equity of 14.18% and a net margin of 8.67%. Teledyne Technologies’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period last year, the firm earned $1.46 earnings per share. analysts predict that Teledyne Technologies Incorporated will post 6.7 EPS for the current fiscal year.

Several analysts recently issued reports on the company. ValuEngine cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research cut Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 5th. Jefferies Group raised their target price on Teledyne Technologies from $150.00 to $170.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Finally, Needham & Company LLC raised their target price on Teledyne Technologies from $157.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $175.33.

In other Teledyne Technologies news, Director Schack Wesley W. Von sold 1,206 shares of Teledyne Technologies stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $182.73, for a total transaction of $220,372.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sue Main sold 7,000 shares of Teledyne Technologies stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $183.88, for a total value of $1,287,160.00. Following the sale, the chief financial officer now directly owns 40,874 shares in the company, valued at $7,515,911.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,364 shares of company stock worth $4,643,847. Insiders own 3.30% of the company’s stock.

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Teledyne Technologies Company 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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