Bradley Foster & Sargent Inc. CT Purchases 59 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Bradley Foster & Sargent Inc. CT raised its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,130 shares of the scientific and technical instruments company’s stock after purchasing an additional 59 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Teledyne Technologies were worth $1,917,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Covea Finance lifted its stake in Teledyne Technologies by 25.1% in the fourth quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company’s stock worth $9,932,000 after acquiring an additional 4,300 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Teledyne Technologies by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock worth $503,338,000 after purchasing an additional 64,617 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Teledyne Technologies by 10.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,515 shares of the scientific and technical instruments company’s stock valued at $3,024,000 after purchasing an additional 640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Teledyne Technologies by 37.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,290 shares of the scientific and technical instruments company’s stock valued at $2,021,000 after buying an additional 1,176 shares during the period. Finally, Verition Fund Management LLC raised its stake in Teledyne Technologies by 240.5% in the third quarter. Verition Fund Management LLC now owns 36,524 shares of the scientific and technical instruments company’s stock worth $15,985,000 after buying an additional 25,796 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman Robert Mehrabian sold 5,007 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $510.33, for a total value of $2,555,222.31. Following the completion of the transaction, the chairman now owns 144,553 shares in the company, valued at $73,769,732.49. This trade represents a 3.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Melanie Susan Cibik sold 2,538 shares of Teledyne Technologies stock in a transaction dated Monday, January 27th. The stock was 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 represents a 7.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,190 shares of company stock worth $16,386,864 in the last three months. Corporate insiders own 2.14% of the company’s stock.

Teledyne Technologies Stock Performance

Shares of TDY opened at $491.27 on Friday. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $522.50. The stock has a fifty day moving average price of $484.90 and a 200-day moving average price of $460.20. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. The firm has a market cap of $22.89 billion, a PE ratio of 28.51, a P/E/G ratio of 3.14 and a beta of 1.03.

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

Analyst Ratings Changes

Several analysts have issued reports on TDY shares. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their target price for the company from $450.00 to $550.00 in a research report on Friday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $585.00 price objective on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Finally, UBS Group initiated coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 target price for the company. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $538.00.

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.