Edmond DE Rothschild Holding S.A. Acquires 17,909 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Edmond DE Rothschild Holding S.A. increased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,190 shares of the scientific and technical instruments company’s stock after buying an additional 17,909 shares during the period. Teledyne Technologies accounts for about 1.3% of Edmond DE Rothschild Holding S.A.’s investment portfolio, making the stock its 15th biggest holding. Edmond DE Rothschild Holding S.A.’s holdings in Teledyne Technologies were worth $76,670,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TDY. Brooklyn Investment Group bought a new stake in shares of Teledyne Technologies during the 3rd quarter valued at $32,000. Glenmede Trust Co. NA grew its stake in shares of Teledyne Technologies by 12.6% during the third quarter. Glenmede Trust Co. NA now owns 1,792 shares of the scientific and technical instruments company’s stock worth $784,000 after purchasing an additional 201 shares during the period. Public Sector Pension Investment Board increased its holdings in Teledyne Technologies by 5.5% in the third quarter. Public Sector Pension Investment Board now owns 1,910 shares of the scientific and technical instruments company’s stock valued at $836,000 after purchasing an additional 100 shares during the last quarter. Captrust Financial Advisors lifted its stake in Teledyne Technologies by 1.7% in the third quarter. Captrust Financial Advisors now owns 7,633 shares of the scientific and technical instruments company’s stock valued at $3,341,000 after buying an additional 129 shares during the period. Finally, Paloma Partners Management Co bought a new position in Teledyne Technologies during the third quarter worth about $486,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $494.78 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $522.50. The company’s 50 day moving average price is $501.03 and its two-hundred day moving average price is $475.20. The company has a market capitalization of $23.17 billion, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03.

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

Insider Activity

In other Teledyne Technologies news, VP Cynthia Y. Belak sold 5,745 shares of the business’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 value of $2,920,413.30. Following the sale, the vice president now owns 4,962 shares in the company, valued at approximately $2,522,383.08. The trade was a 53.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Melanie Susan Cibik sold 706 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,571 shares of company stock worth $17,709,721 over the last three months. Corporate insiders own 1.50% of the company’s stock.

Teledyne Technologies 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.