Nisa Investment Advisors LLC Has $5.60 Million Position in Teledyne Technologies Incorporated (NYSE:TDY)

Nisa Investment Advisors LLC increased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,064 shares of the scientific and technical instruments company’s stock after purchasing an additional 211 shares during the period. Nisa Investment Advisors LLC’s holdings in Teledyne Technologies were worth $5,599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TDY. Wolff Wiese Magana LLC acquired a new position in shares of Teledyne Technologies in the 3rd quarter worth approximately $27,000. Brooklyn Investment Group acquired a new position in Teledyne Technologies during the third quarter worth $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of Teledyne Technologies during the third quarter valued at $39,000. Quarry LP grew its holdings in shares of Teledyne Technologies by 706.3% in the 2nd quarter. Quarry LP now owns 129 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 113 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Teledyne Technologies by 432.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 133 shares of the scientific and technical instruments company’s stock worth $58,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Down 0.0 %

TDY stock opened at $515.00 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $518.85. The company has a market cap of $24.00 billion, a P/E ratio of 29.89, a PEG ratio of 3.24 and a beta of 1.01. The business has a fifty day moving average of $473.74 and a 200-day moving average of $446.89.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1,451,400 billion. During the same period in the previous year, the business posted $5.44 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts expect that Teledyne Technologies Incorporated will post 21.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TDY shares. Needham & Company LLC upped their price objective on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their price target for the company from $450.00 to $550.00 in a report on Friday, November 8th. TD Cowen boosted their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. UBS Group began coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They issued a “buy” rating and a $585.00 target price for the company. Finally, StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $531.00.

Insiders Place Their Bets

In other news, Vice Chairman Jason Vanwees sold 1,500 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $488.71, for a total value of $733,065.00. Following the transaction, the insider now directly owns 2,900 shares in the company, valued at $1,417,259. This trade represents a 34.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Robert Mehrabian sold 3,925 shares of the company’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 completion of the sale, the chairman now owns 171,802 shares of the company’s stock, valued at $84,268,881. This represents a 2.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,525 shares of company stock valued at $26,080,464. Company insiders own 2.14% of the company’s stock.

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.