Atria Wealth Solutions Inc. Acquires 141 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Atria Wealth Solutions Inc. increased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 18.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 922 shares of the scientific and technical instruments company’s stock after buying an additional 141 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Teledyne Technologies were worth $411,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TDY. Bruce G. Allen Investments LLC bought a new stake in shares of Teledyne Technologies in the fourth quarter worth approximately $28,000. CVA Family Office LLC purchased a new stake in Teledyne Technologies during the 4th quarter valued at $31,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Teledyne Technologies during the 3rd quarter valued at $44,000. Anchor Investment Management LLC bought a new position in shares of Teledyne Technologies during the 4th quarter valued at $45,000. Finally, Householder Group Estate & Retirement Specialist LLC boosted its stake in shares of Teledyne Technologies by 63.2% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock worth $49,000 after buying an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TDY. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Bank of America downgraded shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $490.00 to $400.00 in a report on Friday, April 26th. TD Cowen reduced their target price on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, Needham & Company LLC dropped their price target on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $470.83.

Insider Transactions at Teledyne Technologies

In related news, Director Simon M. Lorne sold 2,200 shares of Teledyne Technologies stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $426.70, for a total transaction of $938,740.00. Following the sale, the director now owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.14% of the company’s stock.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $390.44 on Tuesday. The company has a market capitalization of $18.50 billion, a P/E ratio of 21.12, a P/E/G ratio of 2.66 and a beta of 1.04. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $448.19. The firm’s 50 day simple moving average is $410.99 and its two-hundred day simple moving average is $413.62. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.29.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing the consensus estimate of $4.63 by ($0.08). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.39 billion. Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.53 earnings per share. Research analysts expect that Teledyne Technologies Incorporated will post 19.34 EPS for the current fiscal year.

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.