Teledyne Technologies Incorporated (TDY) : Palisade Capital Managementnj reduced its stake in Teledyne Technologies Incorporated by 0.88% during the most recent quarter end. The investment management company now holds a total of 147,212 shares of Teledyne Technologies Incorporated which is valued at $15,379,238 after selling 1,307 shares in Teledyne Technologies Incorporated , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Teledyne Technologies Incorporated makes up approximately 0.65% of Palisade Capital Managementnj’s portfolio.
Other Hedge Funds, Including , Ls Investment Advisors boosted its stake in TDY in the latest quarter, The investment management firm added 913 additional shares and now holds a total of 2,128 shares of Teledyne Technologies Incorporated which is valued at $221,780. Teledyne Technologies Incorporated makes up approx 0.01% of Ls Investment Advisors’s portfolio.Fisher Asset Management reduced its stake in TDY by selling 2,323 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 319,437 shares of TDY which is valued at $32,745,487. Teledyne Technologies Incorporated makes up approx 0.06% of Fisher Asset Management’s portfolio.
Teledyne Technologies Incorporated closed down -0.67 points or -0.63% at $105.75 with 1,72,124 shares getting traded on Monday. Post opening the session at $106.08, the shares hit an intraday low of $104.77 and an intraday high of $106.415 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.