International Assets Investment Management LLC Increases Position in Teledyne Technologies Incorporated (NYSE:TDY)

International Assets Investment Management LLC lifted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 37,167.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,299 shares of the scientific and technical instruments company’s stock after acquiring an additional 72,105 shares during the quarter. International Assets Investment Management LLC owned 0.15% of Teledyne Technologies worth $32,266,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Bruce G. Allen Investments LLC purchased a new stake in shares of Teledyne Technologies during the 4th quarter valued at $28,000. CVA Family Office LLC purchased a new position in Teledyne Technologies in the fourth quarter valued at about $31,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Teledyne Technologies during the 3rd quarter valued at approximately $44,000. Anchor Investment Management LLC purchased a new stake in shares of Teledyne Technologies during the 4th quarter worth approximately $45,000. Finally, Householder Group Estate & Retirement Specialist LLC raised its holdings in shares of Teledyne Technologies by 63.2% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock worth $49,000 after purchasing an additional 43 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of Teledyne Technologies 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 sale, the director now owns 67,288 shares of the company’s stock, valued at $28,711,789.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TDY shares. Bank of America cut shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $490.00 to $400.00 in a report on Friday, April 26th. TD Cowen dropped their price objective on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Needham & Company LLC reduced their target price on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $470.83.

Teledyne Technologies Stock Performance

NYSE:TDY opened at $385.34 on Friday. The stock has a market cap of $18.26 billion, a P/E ratio of 20.84, a PEG ratio of 2.64 and a beta of 1.04. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. The business’s 50-day moving average price is $411.71 and its two-hundred day moving average price is $413.52. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $448.19.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the business earned $4.53 earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, equities analysts predict that Teledyne Technologies Incorporated will post 19.34 EPS for the current fiscal year.

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.