Focus Partners Wealth Buys Shares of 562 Teledyne Technologies Incorporated (NYSE:TDY)

Focus Partners Wealth purchased a new position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 562 shares of the scientific and technical instruments company's stock, valued at approximately $261,000.

Several other large investors also recently bought and sold shares of the company. Stratos Wealth Partners LTD. raised its position in shares of Teledyne Technologies by 4.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company's stock valued at $232,000 after purchasing an additional 21 shares in the last quarter. Ironwood Investment Management LLC lifted its holdings in Teledyne Technologies by 0.8% during the 4th quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company's stock worth $1,335,000 after buying an additional 22 shares during the last quarter. Keel Point LLC increased its stake in Teledyne Technologies by 4.5% during the fourth quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company's stock valued at $247,000 after purchasing an additional 23 shares during the last quarter. New York Life Investment Management LLC boosted its holdings in shares of Teledyne Technologies by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company's stock valued at $2,884,000 after buying an additional 25 shares during the period. Finally, Allworth Financial LP grew its position in shares of Teledyne Technologies by 15.1% during the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company's stock valued at $105,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. TD Securities restated a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. Bank of America increased their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Finally, Needham & Company LLC dropped their price target on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Seven research 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 target price of $542.50.

Insider Buying and Selling

In other news, Vice Chairman Jason Vanwees sold 3,700 shares of the stock in a transaction on Monday, March 3rd. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Melanie Susan Cibik sold 706 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total value of $367,091.76. Following the completion of the sale, the executive vice president now directly owns 26,529 shares of the company's stock, 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 insiders.

Teledyne Technologies Price Performance

Shares of TDY stock traded up $8.94 during mid-day trading on Tuesday, hitting $495.16. 65,290 shares of the stock traded hands, compared to its average volume of 287,388. Teledyne Technologies Incorporated has a twelve month low of $380.63 and a twelve month high of $522.50. 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 company's 50-day simple moving average is $477.26 and its 200-day simple moving average is $482.39. The firm has a market cap of $23.20 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 3.14 and a beta of 1.06.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its earnings results 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 for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company earned $4.55 earnings per share. Teledyne Technologies's revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies Company 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.