Teledyne Technologies Incorporated (TDY) : Bowen Hanes Co Inc reduced its stake in Teledyne Technologies Incorporated by 1.99% during the most recent quarter end. The investment management company now holds a total of 315,588 shares of Teledyne Technologies Incorporated which is valued at $37,955,769 after selling 6,415 shares in Teledyne Technologies Incorporated , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Teledyne Technologies Incorporated makes up approximately 2.05% of Bowen Hanes Co Inc’s portfolio.
Other Hedge Funds, Including , United Services Automobile Association boosted its stake in TDY in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 5,650 shares of Teledyne Technologies Incorporated which is valued at $679,526.Alliancebernstein reduced its stake in TDY by selling 2,800 shares or 4.68% in the most recent quarter. The Hedge Fund company now holds 57,037 shares of TDY which is valued at $6,687,588. Teledyne Technologies Incorporated makes up approx 0.01% of Alliancebernstein’s portfolio.Whittier Trust Co Of Nevada Inc boosted its stake in TDY in the latest quarter, The investment management firm added 24 additional shares and now holds a total of 266 shares of Teledyne Technologies Incorporated which is valued at $31,189.Blackrock Investment Management reduced its stake in TDY by selling 1,868 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 220,826 shares of TDY which is valued at $23,524,594. Teledyne Technologies Incorporated makes up approx 0.03% of Blackrock Investment Management’s portfolio.
Teledyne Technologies Incorporated opened for trading at $120.06 and hit $121.165 on the upside on Monday, eventually ending the session at $120.53, with a gain of 0.35% or 0.42 points. The heightened volatility saw the trading volume jump to 1,49,374 shares. Company has a market cap of $4,211 M.
On the company’s financial health, Teledyne Technologies Incorporated reported $1.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $1.30. The company had revenue of $526.80 million for the quarter, compared to analysts expectations of $553.02 million. The company’s revenue was down -4.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.34 EPS.
Teledyne Technologies Incorporated provides enabling technologies for industrial markets. The Company caters to markets which include deepwater oil and gas exploration and production oceanographic research air and water quality environmental monitoring electronics design and development factory automation and medical imaging. Its products include monitoring and control instrumentation for marine and environmental applications harsh environment interconnects electronic test and measurement equipment digital imaging sensors and cameras aircraft information management systems and defense electronic and satellite communication subsystems. It also supplies engineered systems for defense space environmental and energy applications. The Company operates under the following segments: Instrumentation Digital Imaging Aerospace and Defense Electronics and Engineered Systems.