Teledyne Technologies Incorporated (NYSE:TDY) Short Interest Update – MarketBeat
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Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 780,300 shares, a decline of 20.5% from the October 15th total of 982,100 shares. Based on an average daily trading volume, of 269,000 shares, the short-interest ratio is presently 2.9 days. Approximately 1.7% of the company’s stock are short sold.
Insiders Place Their Bets
In related news, VP Cynthia Y. Belak sold 5,046 shares of the business’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $412.05, for a total transaction of $2,079,204.30. Following the completion of the transaction, the vice president now owns 4,457 shares of the company’s stock, valued at approximately $1,836,506.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael T. Smith sold 4,000 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $419.49, for a total transaction of $1,677,960.00. Following the transaction, the director now directly owns 56,073 shares in the company, valued at $23,522,062.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Cynthia Y. Belak sold 5,046 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $412.05, for a total value of $2,079,204.30. Following the transaction, the vice president now owns 4,457 shares in the company, valued at $1,836,506.85. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
Institutional Investors Weigh In On Teledyne Technologies
A number of large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its position in Teledyne Technologies by 11.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 61,464 shares of the scientific and technical instruments company’s stock worth $20,742,000 after acquiring an additional 6,251 shares during the last quarter. King Luther Capital Management Corp grew its position in Teledyne Technologies by 4.2% during the 3rd quarter. King Luther Capital Management Corp now owns 482,953 shares of the scientific and technical instruments company’s stock worth $162,982,000 after acquiring an additional 19,651 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Teledyne Technologies by 4.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 10,856 shares of the scientific and technical instruments company’s stock worth $3,664,000 after acquiring an additional 508 shares during the last quarter. Quadrant Capital Group LLC grew its position in Teledyne Technologies by 11.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 325 shares of the scientific and technical instruments company’s stock worth $110,000 after acquiring an additional 33 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Teledyne Technologies by 10.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 278,729 shares of the scientific and technical instruments company’s stock worth $94,083,000 after acquiring an additional 27,012 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. StockNews.com assumed coverage on Teledyne Technologies in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. TheStreet upgraded Teledyne Technologies from a “c+” rating to a “b-” rating in a research note on Friday, August 5th. Morgan Stanley lowered their price target on Teledyne Technologies from $470.00 to $445.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 16th. Finally, Needham & Company LLC lowered their price objective on Teledyne Technologies from $520.00 to $472.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th.
Teledyne Technologies Trading Down 2.0 %
TDY stock opened at $412.99 on Friday. Teledyne Technologies has a 1-year low of $325.00 and a 1-year high of $493.97. The firm has a market cap of $19.36 billion, a P/E ratio of 27.21, a P/E/G ratio of 3.20 and a beta of 1.10. The business’s 50 day moving average is $367.37 and its 200-day moving average is $383.08. The company has a current ratio of 1.78, a quick ratio of 1.19 and a debt-to-equity ratio of 0.47.
About Teledyne Technologies
(Get Rating)
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.
See Also
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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