Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 31.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 200 shares of the scientific and technical instruments company’s stock after acquiring an additional 48 shares during the period. Jones Financial Companies Lllp’s holdings in Teledyne Technologies were worth $93,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. grew its stake in Teledyne Technologies by 4.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company’s stock valued at $232,000 after acquiring an additional 21 shares during the last quarter. Metis Global Partners LLC grew its stake in Teledyne Technologies by 1.6% in the 3rd quarter. Metis Global Partners LLC now owns 1,514 shares of the scientific and technical instruments company’s stock valued at $663,000 after acquiring an additional 24 shares during the last quarter. Raymond James Trust N.A. grew its stake in Teledyne Technologies by 4.8% in the 3rd quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company’s stock valued at $241,000 after acquiring an additional 25 shares during the last quarter. New York Life Investment Management LLC grew its stake in Teledyne Technologies by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company’s stock valued at $2,884,000 after acquiring an additional 25 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in Teledyne Technologies by 15.1% in the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company’s stock valued at $105,000 after purchasing an additional 27 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TDY shares. Needham & Company LLC restated a “buy” rating and issued a $585.00 target price on shares of Teledyne Technologies in a report on Wednesday, February 5th. UBS Group started coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 target price on the stock. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Buy” and an average price target of $538.00.

Teledyne Technologies Price Performance

TDY opened at $491.72 on Monday. The company’s 50 day simple moving average is $493.19 and its 200 day simple moving average is $469.87. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $522.50. The stock has a market capitalization of $23.03 billion, a PE ratio of 28.54, a P/E/G ratio of 3.14 and a beta of 1.03.

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

Insider Buying and Selling

In other Teledyne Technologies news, VP Cynthia Y. Belak sold 5,745 shares of Teledyne Technologies stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the transaction, the vice president now directly owns 4,962 shares of the company’s stock, valued at $2,522,383.08. The trade was a 53.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total transaction of $367,091.76. Following the transaction, the executive vice president now directly owns 26,529 shares in the company, valued at approximately $13,794,018.84. This trade represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,571 shares of company stock valued at $17,709,721. 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.