CoreFirst Bank & Trust Acquires Shares of 205 Teledyne Technologies Incorporated (NYSE:TDY)

CoreFirst Bank & Trust bought a new position in Teledyne Technologies Incorporated (NYSE:TDY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 205 shares of the scientific and technical instruments company’s stock, valued at approximately $95,000.

A number of other institutional investors have also made changes to their positions in the company. Empowered Funds LLC increased its stake in Teledyne Technologies by 38.1% during the third quarter. Empowered Funds LLC now owns 851 shares of the scientific and technical instruments company’s stock valued at $372,000 after purchasing an additional 235 shares during the last quarter. Pathstone Holdings LLC grew its position in shares of Teledyne Technologies by 2.0% during the 3rd quarter. Pathstone Holdings LLC now owns 3,918 shares of the scientific and technical instruments company’s stock valued at $1,715,000 after buying an additional 77 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Teledyne Technologies by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 291,279 shares of the scientific and technical instruments company’s stock worth $127,481,000 after acquiring an additional 2,206 shares during the period. Raymond James Trust N.A. lifted its holdings in Teledyne Technologies by 4.8% in the third quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company’s stock worth $241,000 after acquiring an additional 25 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in Teledyne Technologies by 30.6% in the third quarter. Cerity Partners LLC now owns 16,383 shares of the scientific and technical instruments company’s stock valued at $7,170,000 after acquiring an additional 3,838 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Stock Up 1.0 %

Shares of Teledyne Technologies stock opened at $512.85 on Wednesday. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $522.50. The company has a market capitalization of $24.02 billion, a P/E ratio of 29.76, a PEG ratio of 3.14 and a beta of 1.03. The business’s fifty day moving average price is $499.12 and its two-hundred day moving average price is $473.56. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping the consensus estimate of $5.23 by $0.29. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.44 earnings per share. As a group, research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. UBS Group assumed coverage on Teledyne Technologies in a report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price target on the stock. Bank of America raised their target price on Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, March 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $585.00 price target on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teledyne Technologies currently has an average rating of “Buy” and an average target price of $548.00.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, EVP Melanie Susan Cibik sold 706 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $519.96, for a total value of $367,091.76. Following the completion of the sale, the executive vice president now directly owns 26,529 shares of the company’s stock, valued at approximately $13,794,018.84. This represents a 2.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Cynthia Y. Belak sold 5,745 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 4,962 shares of the company’s stock, valued at $2,522,383.08. The trade was a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,571 shares of company stock worth $17,709,721 over the last quarter. 2.14% of the stock is currently owned by company insiders.

Teledyne Technologies Company Profile

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.