First Trust Direct Indexing L.P. Has $433,000 Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

First Trust Direct Indexing L.P. grew its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 25.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 971 shares of the scientific and technical instruments company’s stock after buying an additional 197 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Teledyne Technologies were worth $433,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Bruce G. Allen Investments LLC bought a new stake in Teledyne Technologies in the 4th quarter valued at $28,000. CVA Family Office LLC acquired a new position in shares of Teledyne Technologies during the fourth quarter worth about $31,000. Anchor Investment Management LLC bought a new position in shares of Teledyne Technologies during the fourth quarter worth about $45,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Teledyne Technologies in the 3rd quarter valued at approximately $44,000. Finally, Householder Group Estate & Retirement Specialist LLC lifted its stake in 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 valued at $49,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TDY shares. TD Cowen lowered their price objective on shares of 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 cut their price target on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, Bank of America cut Teledyne Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $490.00 to $400.00 in a research report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $470.83.

Teledyne Technologies Stock Down 0.1 %

Shares of TDY stock opened at $385.34 on Monday. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.29 and a current ratio of 1.81. The stock has a market cap of $18.26 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.66 and a beta of 1.04. The firm’s 50-day moving average is $411.71 and its 200-day moving average is $413.65.

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

Insiders Place Their Bets

In other news, Director Simon M. Lorne sold 2,200 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the transaction, the director now directly owns 67,288 shares of the company’s stock, valued at $28,711,789.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.88% 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.