Teledyne Technologies Incorporated (TDY) : Eulav Asset Management scooped up 17,100 additional shares in Teledyne Technologies Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 219,000 shares of Teledyne Technologies Incorporated which is valued at $23,100,120.Teledyne Technologies Incorporated makes up approximately 1.21% of Eulav Asset Management’s portfolio.
Other Hedge Funds, Including , Panagora Asset Management Inc reduced its stake in TDY by selling 16,485 shares or 95.65% in the most recent quarter. The Hedge Fund company now holds 750 shares of TDY which is valued at $79,110.Blackrock Group Ltd boosted its stake in TDY in the latest quarter, The investment management firm added 906 additional shares and now holds a total of 22,695 shares of Teledyne Technologies Incorporated which is valued at $2,393,869.Scout Investments boosted its stake in TDY in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 37,725 shares of Teledyne Technologies Incorporated which is valued at $4,019,976. Teledyne Technologies Incorporated makes up approx 0.11% of Scout Investments’s portfolio. Thompson Siegel Walmsley added TDY to its portfolio by purchasing 18 company shares during the most recent quarter which is valued at $1,916.
Teledyne Technologies Incorporated opened for trading at $107.49 and hit $108 on the upside on Thursday, eventually ending the session at $107.67, with a gain of 0.49% or 0.53 points. The heightened volatility saw the trading volume jump to 77,599 shares. Company has a market cap of $3,731 M.
On the company’s financial health, Teledyne Technologies Incorporated reported $1.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.24. The company had revenue of $534.90 million for the quarter, compared to analysts expectations of $546.57 million. The company’s revenue was down -6.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.34 EPS.
Many Wall Street Analysts have commented on Teledyne Technologies Incorporated. Teledyne Technologies Incorporated was Downgraded by CL King to ” Neutral” on Jul 6, 2016.
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.