Nomura Holdings Inc. Makes New $715,000 Investment in Teledyne Technologies Incorporated (NYSE:TDY)

Nomura Holdings Inc. bought a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,540 shares of the scientific and technical instruments company's stock, valued at approximately $715,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Teledyne Technologies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,612,484 shares of the scientific and technical instruments company's stock worth $2,604,922,000 after acquiring an additional 46,479 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Teledyne Technologies by 0.8% in the 4th quarter. Janus Henderson Group PLC now owns 1,723,082 shares of the scientific and technical instruments company's stock valued at $799,734,000 after buying an additional 13,607 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Teledyne Technologies by 1.6% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,316,360 shares of the scientific and technical instruments company's stock worth $610,962,000 after purchasing an additional 20,165 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Teledyne Technologies by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company's stock worth $503,338,000 after buying an additional 64,617 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Teledyne Technologies during the 4th quarter worth approximately $306,042,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TDY. Needham & Company LLC decreased their price objective 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. TD Securities reiterated 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 raised their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Finally, Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $542.50.

Insider Activity at Teledyne Technologies

In related news, Vice Chairman Jason Vanwees sold 3,700 shares of the business'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 transaction of $1,924,222.00. Following the completion of the transaction, the insider now owns 51,324 shares in the company, valued at approximately $26,691,559.44. The trade was a 6.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies 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 transaction, the executive vice president now owns 26,529 shares in the company, valued at approximately $13,794,018.84. This represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Teledyne Technologies Trading Down 0.4%

NYSE:TDY traded down $1.74 on Monday, hitting $486.30. 156,326 shares of the stock were exchanged, compared to its average volume of 260,998. 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 52 week low of $380.63 and a 52 week high of $522.50. The stock has a market capitalization of $22.79 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 3.14 and a beta of 1.06. The company's 50-day moving average price is $477.54 and its 200 day moving average price is $482.41.

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, topping analysts' consensus estimates of $4.92 by $0.03. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm posted $4.55 earnings per share. Teledyne Technologies's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts forecast 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.