Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,252 shares of the scientific and technical instruments company’s stock after purchasing an additional 37 shares during the quarter. Baird Financial Group Inc.’s holdings in Teledyne Technologies were worth $581,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in Teledyne Technologies by 8.5% during the fourth quarter. LPL Financial LLC now owns 28,366 shares of the scientific and technical instruments company’s stock worth $13,166,000 after purchasing an additional 2,224 shares in the last quarter. Amundi raised its holdings in Teledyne Technologies by 11.9% during the fourth quarter. Amundi now owns 124,874 shares of the scientific and technical instruments company’s stock worth $57,687,000 after purchasing an additional 13,244 shares in the last quarter. ING Groep NV raised its holdings in Teledyne Technologies by 144.9% during the fourth quarter. ING Groep NV now owns 5,952 shares of the scientific and technical instruments company’s stock worth $2,763,000 after purchasing an additional 3,522 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Teledyne Technologies by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock worth $503,338,000 after purchasing an additional 64,617 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Teledyne Technologies by 10.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,515 shares of the scientific and technical instruments company’s stock worth $3,024,000 after purchasing an additional 640 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 3,700 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the sale, the insider now directly owns 51,324 shares in the company, valued at approximately $26,691,559.44. The trade was a 6.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Melanie Susan Cibik sold 706 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total transaction of $367,091.76. Following the sale, the executive vice president now owns 26,529 shares in the company, valued at $13,794,018.84. The trade was a 2.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Teledyne Technologies Stock Performance

NYSE:TDY opened at $495.75 on Friday. The firm’s fifty day moving average price is $477.32 and its 200 day moving average price is $480.98. Teledyne Technologies Incorporated has a 1-year low of $380.63 and a 1-year high of $522.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The firm has a market cap of $23.23 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 3.14 and a beta of 1.06.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, beating analysts’ consensus estimates of $4.92 by $0.03. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the firm posted $4.55 EPS. Teledyne Technologies’s quarterly revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Wall Street Analyst Weigh In

TDY has been the topic of a number of research reports. Bank of America raised their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Needham & Company LLC lowered their target price on shares of Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Finally, TD Securities restated a “buy” rating and set a $550.00 target price on shares of Teledyne Technologies in a research report on Thursday, April 24th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $542.50.

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.