Sandler Capital Management buys $14,943,548 stake in Teledyne Technologies Incorporated (TDY)

Teledyne Technologies Incorporated (TDY) : Sandler Capital Management scooped up 51,430 additional shares in Teledyne Technologies Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 124,250 shares of Teledyne Technologies Incorporated which is valued at $14,943,548.Teledyne Technologies Incorporated makes up approximately 2.60% of Sandler Capital Management’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management boosted its stake in TDY in the latest quarter, The investment management firm added 1,801 additional shares and now holds a total of 16,857 shares of Teledyne Technologies Incorporated which is valued at $2,027,391.Pacer Advisors boosted its stake in TDY in the latest quarter, The investment management firm added 287 additional shares and now holds a total of 2,675 shares of Teledyne Technologies Incorporated which is valued at $313,644. Teledyne Technologies Incorporated makes up approx 0.05% of Pacer Advisors’s portfolio. Los Angeles Capital Management Equity Research Inc sold out all of its stake in TDY during the most recent quarter. The investment firm sold 10,283 shares of TDY which is valued $1,162,904.Tiaa Cref Investment Management reduced its stake in TDY by selling 4,157 shares or 3.81% in the most recent quarter. The Hedge Fund company now holds 104,828 shares of TDY which is valued at $11,167,327. Teledyne Technologies Incorporated makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio. Crestpoint Capital Management added TDY to its portfolio by purchasing 4,700 company shares during the most recent quarter which is valued at $485,322. Teledyne Technologies Incorporated makes up approx 0.25% of Crestpoint Capital 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.

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