Teledyne Technologies Incorporated (NYSE:TDY) Stock Holdings Boosted by Korea Investment CORP

Korea Investment CORP boosted its position in Teledyne Technologies Incorporated (NYSE:TDY) by 28.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,380 shares of the scientific and technical instruments company’s stock after purchasing an additional 7,517 shares during the quarter. Korea Investment CORP owned about 0.07% of Teledyne Technologies worth $15,957,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TDY. Madison Investment Advisors LLC bought a new stake in shares of Teledyne Technologies during the fourth quarter valued at approximately $94,721,000. Raymond James Financial Inc. acquired a new stake in Teledyne Technologies in the 4th quarter valued at approximately $53,304,000. JPMorgan Chase & Co. raised its stake in Teledyne Technologies by 6.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock valued at $503,338,000 after acquiring an additional 64,617 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in Teledyne Technologies during the 4th quarter worth $29,348,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Teledyne Technologies in the fourth quarter worth $29,081,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TDY. UBS Group initiated coverage on shares of Teledyne Technologies in a research note on Tuesday, December 10th. They set a “buy” rating and a $585.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Finally, Bank of America raised their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, March 17th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $548.00.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, VP Cynthia Y. Belak sold 5,745 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the sale, the vice president now owns 4,962 shares in the company, valued at approximately $2,522,383.08. The trade was a 53.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Robert Mehrabian sold 5,768 shares of Teledyne Technologies stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $518.22, for a total transaction of $2,989,092.96. Following the completion of the transaction, the chairman now directly owns 144,553 shares in the company, valued at approximately $74,910,255.66. This trade represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,571 shares of company stock valued at $17,709,721 over the last three months. Company insiders own 1.50% of the company’s stock.

Teledyne Technologies Price Performance

Shares of NYSE TDY opened at $494.78 on Monday. The firm has a 50-day moving average of $501.03 and a two-hundred day moving average of $475.20. The company has a market capitalization of $23.17 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 3.14 and a beta of 1.03. The company has a current ratio of 2.33, a quick ratio of 1.61 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 $522.50.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping analysts’ consensus estimates of $5.23 by $0.29. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $5.44 earnings per share. As a group, analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

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.