Deutsche Bank AG Increases Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Deutsche Bank AG lifted its position in Teledyne Technologies Incorporated (NYSE:TDY) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 173,646 shares of the scientific and technical instruments company’s stock after buying an additional 11,217 shares during the period. Deutsche Bank AG owned about 0.37% of Teledyne Technologies worth $80,594,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Quarry LP bought a new position in Teledyne Technologies in the 4th quarter valued at approximately $28,000. Hurley Capital LLC bought a new position in shares of Teledyne Technologies during the fourth quarter valued at $33,000. Ancora Advisors LLC lifted its holdings in shares of Teledyne Technologies by 192.3% during the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 50 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Teledyne Technologies during the third quarter valued at $39,000. Finally, Millstone Evans Group LLC bought a new stake in Teledyne Technologies in the 4th quarter worth about $42,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

TDY opened at $484.62 on Monday. The company’s 50 day moving average is $476.89 and its 200 day moving average is $480.47. 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 company has a market cap of $22.71 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 3.14 and a beta of 1.06. 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 results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, topping the consensus estimate of $4.92 by $0.03. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the company posted $4.55 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Insiders Place Their Bets

In other Teledyne Technologies news, EVP Melanie Susan Cibik sold 706 shares of the stock in a transaction on Monday, March 3rd. The stock was 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 owns 26,529 shares in the company, valued at approximately $13,794,018.84. This represents a 2.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $520.06, for a total value of $1,924,222.00. Following the sale, the insider now directly 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 disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

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