Raymond James Trust N.A. Takes $202,000 Position in Teledyne Technologies Incorporated (NYSE:TDY)

Raymond James Trust N.A. bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 452 shares of the scientific and technical instruments company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also made changes to their positions in TDY. Bruce G. Allen Investments LLC acquired a new stake in Teledyne Technologies in the fourth quarter valued at $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Teledyne Technologies during the third quarter worth $28,000. Benjamin Edwards Inc. raised its holdings in shares of Teledyne Technologies by 137.9% during the second quarter. Benjamin Edwards Inc. now owns 69 shares of the scientific and technical instruments company’s stock worth $28,000 after purchasing an additional 40 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Teledyne Technologies during the fourth quarter worth $45,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Teledyne Technologies during the third quarter worth $44,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TDY has been the topic of a number of research reports. Needham & Company LLC dropped their target price on shares of Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $515.67.

Teledyne Technologies Stock Performance

Shares of TDY opened at $429.32 on Thursday. The firm has a 50-day moving average price of $426.88 and a 200 day moving average price of $415.16. The firm has a market capitalization of $20.34 billion, a PE ratio of 23.21, a P/E/G ratio of 2.72 and a beta of 1.02. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.29. Teledyne Technologies Incorporated has a 52-week low of $364.98 and a 52-week high of $448.71.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.04 by $0.40. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the firm posted $4.94 EPS. Teledyne Technologies’s revenue was up .5% compared to the same quarter last year. On average, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 20.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Director Kenneth C. Dahlberg sold 4,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the completion of the sale, the director now directly owns 18,735 shares of the company’s stock, valued at $8,110,568.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Kenneth C. Dahlberg sold 4,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $432.91, for a total value of $1,731,640.00. Following the completion of the sale, the director now directly owns 18,735 shares of the company’s stock, valued at $8,110,568.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael T. Smith sold 511 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $431.00, for a total transaction of $220,241.00. Following the completion of the sale, the director now directly owns 56,492 shares of the company’s stock, valued at $24,348,052. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,711 shares of company stock valued at $2,890,621. 2.14% of the stock is currently owned by corporate 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.