Studio Investment Management LLC Acquires 27 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Studio Investment Management LLC grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 10.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 295 shares of the scientific and technical instruments company’s stock after purchasing an additional 27 shares during the quarter. Studio Investment Management LLC’s holdings in Teledyne Technologies were worth $137,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Quarry LP bought a new position in Teledyne Technologies during the 4th quarter worth approximately $28,000. Hurley Capital LLC purchased a new stake in shares of Teledyne Technologies during the fourth quarter valued at approximately $33,000. Ancora Advisors LLC grew its holdings in shares of Teledyne Technologies by 192.3% in the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 50 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of Teledyne Technologies in the fourth quarter worth $42,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Teledyne Technologies during the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Activity

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 3,700 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $520.06, for a total value of $1,924,222.00. Following the completion of the transaction, the insider now owns 51,324 shares in the company, valued at approximately $26,691,559.44. This represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Melanie Susan Cibik sold 706 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total value of $367,091.76. Following the transaction, the executive vice president now directly owns 26,529 shares of the company’s stock, valued at $13,794,018.84. This represents a 2.59% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Teledyne Technologies Trading Up 0.5%

NYSE:TDY opened at $498.67 on Friday. The company has a 50-day moving average price of $477.51 and a 200-day moving average price of $481.36. The stock has a market cap of $23.37 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 3.14 and a beta of 1.06. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 12 month low of $380.63 and a 12 month high of $522.50.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, topping the consensus estimate of $4.92 by $0.03. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $4.55 earnings per share. Equities analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on TDY. TD Securities reissued a “buy” rating and issued a $550.00 price target on shares of Teledyne Technologies in a report on Thursday, April 24th. Bank of America raised their target price on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Monday, March 17th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Finally, Needham & Company LLC dropped their price objective on Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, Teledyne Technologies presently has a consensus rating of “Buy” and an average target price of $542.50.

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.