Caisse DE Depot ET Placement DU Quebec Boosts Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 294,101 shares of the scientific and technical instruments company's stock after purchasing an additional 5,275 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.63% of Teledyne Technologies worth $136,501,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Teledyne Technologies in the fourth quarter valued at $28,000. Hurley Capital LLC acquired a new stake in Teledyne Technologies in the fourth quarter valued at $33,000. Wilmington Savings Fund Society FSB acquired a new stake in Teledyne Technologies in the 3rd quarter valued at about $39,000. Millstone Evans Group LLC bought a new position in Teledyne Technologies during the fourth quarter worth about $42,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Teledyne Technologies in the fourth quarter valued at approximately $46,000. Institutional investors own 91.58% of the company's stock.

Insider Buying and Selling

In other news, Chairman Robert Mehrabian sold 5,007 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $510.33, for a total transaction of $2,555,222.31. Following the transaction, the chairman now owns 144,553 shares of the company's stock, valued at $73,769,732.49. This represents a 3.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the company'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 sale, the insider now directly 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. In the last ninety days, insiders have sold 9,413 shares of company stock valued at $4,846,536. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Teledyne Technologies Stock Down 0.1 %

Shares of NYSE TDY traded down $0.50 during midday trading on Monday, hitting $478.34. 316,673 shares of the stock traded hands, compared to its average volume of 255,489. 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 one year low of $380.63 and a one year high of $522.50. The business has a 50 day moving average price of $479.25 and a two-hundred day moving average price of $479.63. The company has a market cap of $22.40 billion, a PE ratio of 27.76, a P/E/G ratio of 3.14 and a beta of 1.03.

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

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.