Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by Nvest Financial LLC

Nvest Financial LLC increased its position in Teledyne Technologies Incorporated (NYSE:TDY) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,425 shares of the scientific and technical instruments company’s stock after acquiring an additional 129 shares during the quarter. Nvest Financial LLC’s holdings in Teledyne Technologies were worth $661,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wolff Wiese Magana LLC acquired a new stake in Teledyne Technologies in the third quarter valued at $27,000. Brooklyn Investment Group purchased a new stake in shares of Teledyne Technologies in the 3rd quarter worth about $32,000. Wilmington Savings Fund Society FSB acquired a new stake in Teledyne Technologies in the 3rd quarter valued at about $39,000. Quarry LP increased its holdings in Teledyne Technologies by 706.3% during the 2nd quarter. Quarry LP now owns 129 shares of the scientific and technical instruments company’s stock valued at $50,000 after acquiring an additional 113 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in Teledyne Technologies by 432.0% during the third quarter. Exchange Traded Concepts LLC now owns 133 shares of the scientific and technical instruments company’s stock worth $58,000 after acquiring an additional 108 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TDY has been the topic of several research reports. UBS Group assumed coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price target on the stock. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Needham & Company LLC boosted their price target on Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, November 11th. TD Cowen increased their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $450.00 to $550.00 in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $531.00.

Teledyne Technologies Price Performance

TDY stock opened at $509.22 on Wednesday. The stock has a market capitalization of $23.73 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01. The company has a quick ratio of 1.35, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $518.85. The stock’s fifty day simple moving average is $475.48 and its 200-day simple moving average is $449.37.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.23 by $0.29. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $5.44 EPS. Equities research analysts expect that Teledyne Technologies Incorporated will post 21.3 EPS for the current year.

Insider Buying and Selling

In other news, VP Cynthia Y. Belak sold 5,745 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the completion of the sale, the vice president now directly owns 4,962 shares in the company, valued at $2,522,383.08. This represents a 53.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Melanie Susan Cibik sold 2,538 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $513.02, for a total value of $1,302,044.76. Following the sale, the executive vice president now directly owns 32,100 shares of the company’s stock, valued at approximately $16,467,942. This trade represents a 7.33 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,116 shares of company stock valued at $33,505,935. Insiders own 2.14% of the company’s stock.

About Teledyne Technologies

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.