GHP Investment Advisors Inc. Acquires 1,229 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

GHP Investment Advisors Inc. raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,709 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,229 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Teledyne Technologies were worth $14,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC grew its holdings in Teledyne Technologies by 14.5% during the fourth quarter. Bleakley Financial Group LLC now owns 780 shares of the scientific and technical instruments company’s stock valued at $362,000 after purchasing an additional 99 shares during the period. Choreo LLC grew its stake in shares of Teledyne Technologies by 55.5% during the 4th quarter. Choreo LLC now owns 1,488 shares of the scientific and technical instruments company’s stock worth $692,000 after acquiring an additional 531 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Teledyne Technologies by 37.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,290 shares of the scientific and technical instruments company’s stock worth $2,021,000 after acquiring an additional 1,176 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Teledyne Technologies by 4.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company’s stock worth $232,000 after acquiring an additional 21 shares during the period. Finally, Mather Group LLC. grew its stake in shares of Teledyne Technologies by 16.6% during the 4th quarter. Mather Group LLC. now owns 337 shares of the scientific and technical instruments company’s stock worth $156,000 after acquiring an additional 48 shares during the period. Institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. UBS Group assumed coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They set a “buy” rating and a $585.00 target price for the company. Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $450.00 to $550.00 in a report on Friday, November 8th. TD Cowen raised their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a report on Wednesday. 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 price target of $538.00.

Teledyne Technologies Price Performance

TDY stock opened at $515.38 on Thursday. The firm has a 50 day moving average of $479.48 and a 200-day moving average of $453.81. 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 $355.41 and a 12 month high of $522.50. The firm has a market capitalization of $24.02 billion, a P/E ratio of 29.91, a price-to-earnings-growth ratio of 3.21 and a beta of 1.02.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating the consensus estimate of $5.23 by $0.29. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $5.44 EPS. As a group, sell-side analysts predict that Teledyne Technologies Incorporated will post 21.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 1,500 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $488.71, for a total value of $733,065.00. Following the completion of the sale, the insider now directly owns 2,900 shares of the company’s stock, valued at $1,417,259. The trade was a 34.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Robert Mehrabian sold 3,925 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $490.50, for a total value of $1,925,212.50. Following the transaction, the chairman now directly owns 171,802 shares in the company, valued at $84,268,881. This trade represents a 2.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,683 shares of company stock worth $38,943,649 over the last three months. 1.88% of the stock is owned by insiders.

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.