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

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. boosted its position in Teledyne Technologies by 93.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,068 shares of the scientific and technical instruments company’s stock valued at $1,923,000 after buying an additional 1,965 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Teledyne Technologies by 4.0% in the 1st quarter. American Century Companies Inc. now owns 1,911 shares of the scientific and technical instruments company’s stock valued at $903,000 after buying an additional 74 shares during the period. Private Advisor Group LLC increased its stake in shares of Teledyne Technologies by 40.1% in the 1st quarter. Private Advisor Group LLC now owns 796 shares of the scientific and technical instruments company’s stock valued at $376,000 after buying an additional 228 shares during the period. Cibc World Market Inc. increased its stake in shares of Teledyne Technologies by 62.5% in the 1st quarter. Cibc World Market Inc. now owns 1,370 shares of the scientific and technical instruments company’s stock valued at $648,000 after buying an additional 527 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of Teledyne Technologies by 1,272.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,400 shares of the scientific and technical instruments company’s stock valued at $662,000 after buying an additional 1,298 shares during the period. 87.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Cynthia Y. Belak sold 5,389 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $409.52, for a total transaction of $2,206,903.28. Following the sale, the vice president now owns 4,991 shares in the company, valued at $2,043,914.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Teledyne Technologies news, VP Cynthia Y. Belak sold 5,389 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $409.52, for a total value of $2,206,903.28. Following the sale, the vice president now owns 4,991 shares in the company, valued at $2,043,914.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth C. Dahlberg sold 4,000 shares of the company’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 value 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 disclosure for this sale can be found here. Insiders have sold a total of 75,277 shares of company stock worth $31,130,219 over the last three months. Corporate insiders own 2.14% of the company’s stock.

Teledyne Technologies Stock Up 0.9 %

NYSE:TDY opened at $434.09 on Wednesday. Teledyne Technologies Incorporated has a 1 year low of $364.98 and a 1 year high of $448.71. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.29. The stock has a market cap of $20.48 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.61 and a beta of 1.03. The stock has a 50-day moving average price of $427.48 and a two-hundred day moving average price of $408.67.

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 EPS for the quarter, beating analysts’ consensus estimates of $5.04 by $0.40. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.46 billion. Teledyne Technologies had a return on equity of 10.81% and a net margin of 15.72%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.94 earnings per share. As a group, equities analysts expect that Teledyne Technologies Incorporated will post 20.51 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Needham & Company LLC decreased their price objective on Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $515.67.

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Teledyne Technologies Profile

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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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