Ethic Inc. Acquires 1,103 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Ethic Inc. raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 35.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,223 shares of the scientific and technical instruments company's stock after acquiring an additional 1,103 shares during the period. Ethic Inc.'s holdings in Teledyne Technologies were worth $1,960,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TDY. LPL Financial LLC grew its position in shares of Teledyne Technologies by 8.5% in the 4th quarter. LPL Financial LLC now owns 28,366 shares of the scientific and technical instruments company's stock valued at $13,166,000 after purchasing an additional 2,224 shares during the period. Amundi lifted its stake in Teledyne Technologies by 11.9% in the fourth quarter. Amundi now owns 124,874 shares of the scientific and technical instruments company's stock valued at $57,687,000 after buying an additional 13,244 shares in the last quarter. Covea Finance boosted its holdings in shares of Teledyne Technologies by 25.1% in the fourth quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company's stock valued at $9,932,000 after buying an additional 4,300 shares during the period. ING Groep NV increased its position in shares of 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 acquiring an additional 3,522 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of 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 acquiring an additional 64,617 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. 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 note on Thursday, April 24th. Bank of America upped their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. TD Securities reissued a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a research report on Thursday, April 24th. Finally, StockNews.com upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $542.50.

Teledyne Technologies Price Performance

Shares of NYSE TDY opened at $493.35 on Tuesday. 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 business has a 50-day moving average of $476.80 and a 200-day moving average of $480.64. The stock has a market capitalization of $23.12 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 3.14 and a beta of 1.06. Teledyne Technologies Incorporated has a fifty-two week low of $380.63 and a fifty-two week high of $522.50.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business's revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $4.55 earnings per share. As a group, sell-side analysts predict 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.

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