Cerity Partners LLC Purchases New Shares in Teledyne Technologies Incorporated (NYSE:TDY)

Cerity Partners LLC acquired a new position in Teledyne Technologies Incorporated (NYSE:TDY) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,870 shares of the scientific and technical instruments company’s stock, valued at approximately $834,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Teledyne Technologies by 18.0% in the third quarter. Barclays PLC now owns 99,504 shares of the scientific and technical instruments company’s stock worth $40,656,000 after acquiring an additional 15,169 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new position in shares of Teledyne Technologies during the 4th quarter valued at approximately $2,325,000. Metis Global Partners LLC boosted its stake in shares of Teledyne Technologies by 21.5% during the 3rd quarter. Metis Global Partners LLC now owns 1,715 shares of the scientific and technical instruments company’s stock valued at $701,000 after buying an additional 303 shares during the last quarter. LPL Financial LLC grew its position in shares of Teledyne Technologies by 75.2% during the third quarter. LPL Financial LLC now owns 12,474 shares of the scientific and technical instruments company’s stock worth $5,097,000 after buying an additional 5,355 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Teledyne Technologies by 9.1% in the third quarter. Victory Capital Management Inc. now owns 36,635 shares of the scientific and technical instruments company’s stock valued at $14,968,000 after acquiring an additional 3,058 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Up 0.7 %

TDY stock opened at $404.08 on Tuesday. The firm has a fifty day moving average price of $420.22 and a two-hundred day moving average price of $415.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.69 and a quick ratio of 1.17. Teledyne Technologies Incorporated has a 1-year low of $364.98 and a 1-year high of $448.19. The firm has a market cap of $19.15 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.58 and a beta of 1.02.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm earned $4.94 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year. Research analysts predict that Teledyne Technologies Incorporated will post 20.56 EPS for the current year.

Insider Transactions at Teledyne Technologies

In related news, Director Kenneth C. Dahlberg sold 4,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the completion of the transaction, the director now directly owns 18,735 shares in the company, valued at approximately $8,110,568.85. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Teledyne Technologies news, Director Kenneth C. Dahlberg sold 4,000 shares of the business’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 transaction, the director now directly owns 18,735 shares of the company’s stock, valued at approximately $8,110,568.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Simon M. Lorne sold 2,200 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $426.70, for a total transaction of $938,740.00. Following the completion of the transaction, the director now owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,711 shares of company stock worth $2,890,621. 2.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, February 10th. Needham & Company LLC lowered their price objective on Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $515.67.

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.