December 1, 2016 - By Adrian Mccoy · 0 Comments
Teledyne Technologies Inc (NYSE:TDY) institutional sentiment increased to 1.34 in Q2 2016. Its up 0.11, from 1.23 in 2016Q1. The ratio has increased, as 90 hedge funds increased and started new equity positions, while 73 decreased and sold stakes in Teledyne Technologies Inc. The hedge funds in our partner’s database now have: 30.12 million shares, down from 31.76 million shares in 2016Q1. Also, the number of hedge funds holding Teledyne Technologies Inc in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 14 Reduced: 59 Increased: 73 New Position: 17.
Teledyne Technologies Incorporated provides enabling technologies for industrial markets. The company has a market cap of $4.38 billion. The Firm caters to a range of markets, which include deepwater gas and oil exploration and production, oceanographic research, and air and water quality environmental monitoring. It has a 22.65 P/E ratio. The Company’s products include monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, and electronic test and measurement equipment.
About 30,270 shares traded hands. Teledyne Technologies Incorporated (NYSE:TDY) has risen 32.54% since April 28, 2016 and is uptrending. It has outperformed by 26.62% the S&P500.
Analysts await Teledyne Technologies Incorporated (NYSE:TDY) to report earnings on February, 2. They expect $1.37 EPS, down 2.84% or $0.04 from last year’s $1.41 per share. TDY’s profit will be $48.22M for 22.71 P/E if the $1.37 EPS becomes a reality. After $1.52 actual EPS reported by Teledyne Technologies Incorporated for the previous quarter, Wall Street now forecasts -9.87% negative EPS growth.
According to Zacks Investment Research, “Teledyne Technologies Inc. is a leading provider of sophisticated electronic and communication products, systems engineering solutions and information technology services, and aerospace engines and components. The company customers include aerospace prime contractors, general aviation companies, government agencies and major communications and other commercial companies.”
Ci Global Investments Inc. holds 4% of its portfolio in Teledyne Technologies Incorporated for 1.48 million shares. Cardinal Capital Management Llc Ct owns 491,413 shares or 2.41% of their US portfolio. Moreover, Snyder Capital Management L P has 2.2% invested in the company for 341,520 shares. The Georgia-based Bowen Hanes & Co Inc has invested 1.73% in the stock. Kayne Anderson Rudnick Investment Management Llc, a California-based fund reported 972,599 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 20 sales for $20.37 million net activity.
Ratings analysis reveals 0 of Teledyne Tech’s analysts are positive. Out of 2 Wall Street analysts rating Teledyne Tech, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. TDY was included in 2 notes of analysts from October 6, 2015. The rating was downgraded by Needham to “Hold” on Tuesday, October 6. The stock has “Neutral” rating given by CL King on Wednesday, July 6.
Teledyne Technologies Incorporated, incorporated on August 23, 1999, provides enabling technologies for industrial markets. The Firm caters to a range of markets, which include deepwater gas and oil exploration and production, oceanographic research, air and water quality environmental monitoring, electronics design and development, factory automation and medical imaging. The Company’s 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 Firm operates through four divisions: Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems.
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By Adrian Mccoy