Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by Axa S.A.

AXA S.A. lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 83.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,815 shares of the scientific and technical instruments company's stock after buying an additional 4,911 shares during the quarter. AXA S.A.'s holdings in Teledyne Technologies were worth $5,020,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Keel Point LLC boosted its holdings in shares of Teledyne Technologies by 4.5% in the 4th quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company's stock valued at $247,000 after buying an additional 23 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Teledyne Technologies by 1.8% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 294,101 shares of the scientific and technical instruments company's stock valued at $136,501,000 after purchasing an additional 5,275 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in Teledyne Technologies in the fourth quarter valued at about $61,939,000. Parvin Asset Management LLC acquired a new stake in Teledyne Technologies in the 4th quarter worth approximately $93,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Teledyne Technologies during the 4th quarter valued at approximately $94,000. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Price Performance

Shares of TDY stock traded up $2.67 during trading hours on Friday, hitting $484.62. 269,175 shares of the company's stock were exchanged, compared to its average volume of 257,301. Teledyne Technologies Incorporated has a fifty-two week low of $380.63 and a fifty-two week high of $522.50. The firm has a market cap of $22.71 billion, a P/E ratio of 28.13, a P/E/G ratio of 3.14 and a beta of 1.06. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $477.03 and a two-hundred day moving average of $480.06.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, topping the consensus estimate of $4.92 by $0.03. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.55 EPS. Sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Insider Activity

In other news, EVP Melanie Susan Cibik sold 706 shares of the 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 completion of the transaction, the executive vice president now directly owns 26,529 shares in the company, valued at approximately $13,794,018.84. This represents a 2.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now owns 51,324 shares in the company, valued at approximately $26,691,559.44. This trade represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

TDY has been the subject of several research analyst reports. Needham & Company LLC reduced their price objective on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. TD Securities reiterated a "buy" rating and issued a $550.00 price objective on shares of Teledyne Technologies in a research note on Thursday, April 24th. Bank of America boosted their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Finally, StockNews.com lowered Teledyne Technologies from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $542.50.

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.