AQR Capital Management LLC raised its position in Teledyne Technologies Incorporated (NYSE:TDY) by 90.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,060 shares of the scientific and technical instruments company’s stock after buying an additional 15,203 shares during the period. AQR Capital Management LLC owned approximately 0.09% of Teledyne Technologies worth $3,943,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. Wexford Capital LP acquired a new stake in Teledyne Technologies during the fourth quarter worth $354,000. A.R.T. Advisors LLC acquired a new stake in Teledyne Technologies during the fourth quarter worth $332,000. Envestnet Asset Management Inc. acquired a new stake in Teledyne Technologies during the fourth quarter worth $142,000. Credit Agricole S A acquired a new stake in Teledyne Technologies during the fourth quarter worth $330,000. Finally, Gideon Capital Advisors Inc. acquired a new stake in Teledyne Technologies during the fourth quarter worth $463,000. Hedge funds and other institutional investors own 86.15% of the company’s stock.
Shares of Teledyne Technologies Incorporated (NYSE:TDY) traded up 0.45% during mid-day trading on Friday, reaching $127.43. 247,514 shares of the company were exchanged. The stock has a market capitalization of $4.49 billion, a P/E ratio of 23.73 and a beta of 0.98. Teledyne Technologies Incorporated has a 12 month low of $90.70 and a 12 month high of $135.89. The stock has a 50 day moving average price of $127.43 and a 200-day moving average price of $121.90.
Teledyne Technologies (NYSE:TDY) last released its earnings results on Thursday, February 2nd. The scientific and technical instruments company reported $1.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.29. The company had revenue of $552.90 million for the quarter, compared to analyst estimates of $549.15 million. Teledyne Technologies had a net margin of 8.82% and a return on equity of 13.19%. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 EPS. Analysts predict that Teledyne Technologies Incorporated will post $5.40 earnings per share for the current year.
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Separately, Zacks Investment Research lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday.
About Teledyne Technologies
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.
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