562 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Bought by Focus Partners Wealth

Focus Partners Wealth 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 disclosure with the Securities and Exchange Commission. The firm acquired 562 shares of the scientific and technical instruments company's stock, valued at approximately $261,000.

Several other institutional investors have also modified their holdings of TDY. Quarry LP bought a new position in shares of Teledyne Technologies during the fourth quarter worth about $28,000. Hurley Capital LLC bought a new stake in Teledyne Technologies during the fourth quarter worth $33,000. Ancora Advisors LLC increased its stake in shares of Teledyne Technologies by 192.3% during the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock worth $35,000 after purchasing an additional 50 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of Teledyne Technologies in the 4th quarter valued at about $42,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Teledyne Technologies in the 4th quarter valued at about $46,000. Institutional investors own 91.58% of the company's stock.

Teledyne Technologies Price Performance

NYSE TDY traded up $0.33 during midday trading on Wednesday, hitting $495.28. The company had a trading volume of 67,997 shares, compared to its average volume of 259,900. The firm has a 50-day moving average price of $477.16 and a 200-day moving average price of $482.47. The company has a market capitalization of $23.21 billion, a PE ratio of 28.79, a P/E/G ratio of 3.14 and a beta of 1.06. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a twelve month low of $380.63 and a twelve month 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 EPS for the quarter, beating 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 business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the firm earned $4.55 earnings per share. Teledyne Technologies's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 3,700 shares of the firm'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 sale, the insider now owns 51,324 shares in the company, valued at $26,691,559.44. This trade represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Melanie Susan Cibik sold 706 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $519.96, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on TDY shares. Needham & Company LLC dropped their price objective on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen raised Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Bank of America raised their price target on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a report on Monday, March 17th. Finally, TD Securities reaffirmed a "buy" rating and set a $550.00 price objective on shares of Teledyne Technologies in a research report on Thursday, April 24th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Teledyne Technologies has an average rating of "Buy" and an average price target of $542.50.

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.