Castlekeep Investment Advisors LLC Makes New Investment in Teledyne Technologies Incorporated (NYSE:TDY)

Castlekeep Investment Advisors LLC acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,034 shares of the scientific and technical instruments company's stock, valued at approximately $2,801,000.

A number of other large investors have also recently made changes to their positions in TDY. Toronto Dominion Bank lifted its position in Teledyne Technologies by 0.6% in the 4th quarter. Toronto Dominion Bank now owns 24,958 shares of the scientific and technical instruments company's stock valued at $11,584,000 after acquiring an additional 151 shares in the last quarter. US Asset Management LLC purchased a new stake in shares of Teledyne Technologies in the fourth quarter worth approximately $340,000. GTS Securities LLC boosted its position in shares of Teledyne Technologies by 6.0% during the fourth quarter. GTS Securities LLC now owns 675 shares of the scientific and technical instruments company's stock valued at $313,000 after buying an additional 38 shares during the last quarter. JT Stratford LLC grew its holdings in Teledyne Technologies by 6.5% during the fourth quarter. JT Stratford LLC now owns 2,665 shares of the scientific and technical instruments company's stock worth $1,237,000 after buying an additional 162 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Teledyne Technologies by 24.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 408,171 shares of the scientific and technical instruments company's stock worth $189,444,000 after buying an additional 81,453 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Insider Activity at Teledyne Technologies

In related news, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies stock in a transaction that occurred on Monday, March 3rd. The stock was 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 $26,691,559.44. The trade was a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Melanie Susan Cibik sold 706 shares of the business's stock in a transaction 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 sale, the executive vice president now owns 26,529 shares in the company, valued at approximately $13,794,018.84. This trade represents a 2.59% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TDY has been the topic of several recent analyst reports. Bank of America raised their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Monday, March 17th. TD Securities reissued a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Needham & Company LLC decreased their price objective 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. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $542.50.

Teledyne Technologies Price Performance

TDY traded up $8.51 on Tuesday, reaching $494.73. The company had a trading volume of 176,628 shares, compared to its average volume of 260,660. Teledyne Technologies Incorporated has a 52-week low of $380.63 and a 52-week high of $522.50. The company has a market cap of $23.18 billion, a price-to-earnings ratio of 28.71, a P/E/G ratio of 3.14 and a beta of 1.06. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. The business has a 50 day simple moving average of $477.16 and a 200 day simple moving average of $482.47.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.44 billion. During the same period in the prior year, the business earned $4.55 EPS. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate 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.