Teledyne Technologies Inc (NYSE:TDY).
Cardinal Capital Management LLC /ct says it decreased its investment in Teledyne Technologies Inc stock by 30,706 shares as of the end of the last quarter. Its stake was valued at $67,631,000 an increase of $9,476,000 as of the end of the quarter.
Here are some institutional investors who have increased or decreased their stake in (TDY). Commonwealth Of Pennsylvania Public School Empls Retrmt SYS bolstered its position by buying 4 shares an increase of 0.1% as of 09/30/2017. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS claims 5,154 shares with a value of $820,000. The value of the position overall is up by 24.8%. As of the end of the quarter Raymond James & Associates had bought a total of 2,312 shares growing its stake by 4.2%. The value of the investment in (TDY) went from $6,947,000 to $9,030,000 a change of $2,083,000 quarter over quarter.
Bowen Hanes & Co Inc augmented its stake by buying 5,840 shares an increase of 2.2% in the quarter. Bowen Hanes & Co Inc currently owns 276,508 shares valued at $44,015,000. The total value of its holdings increased 27.4%.
Equity analyst Jefferies Group LLC raised the price target of the stock on November 3 boosting the projection from $150.00 to $170.00 and issued a “Hold” recommendation. Needham & Company LLC raised the price target on November 3 changing the price objective from $157.00 to $190.00 with a rating of “Buy”.
August 9 investment analysts at Jefferies Group LLC kept the company rating at “Hold” with a current price target of $150.00. On August 9 Needham & Company LLC maintained a stock rating of “Buy” targeting a price of $157.00.
The company is so far trading down by 0.29% percent from yesterday’s close. The most current P/E ratio is 30.57 and the market value is 6.30B. As of the latest earnings report the EPS was $5.84 with 35.44M shares now outstanding.
Investors are a little more bullish on the company recently if you consider the downtick in short interest. The stock saw a fall in short interest of -30.97% as of October 13, 2017 from the last reporting period. Short shares fell from 593,188 to 409,454 over that timeframe. The short-interest ratio increased to 4.0 and the percentage of shorted shares is 0.01% as of October 13.