850 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Purchased by Texas Bank & Trust Co

Texas Bank & Trust Co purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 850 shares of the scientific and technical instruments company's stock, valued at approximately $395,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TDY. Barclays PLC grew its stake in shares of Teledyne Technologies by 4.9% in the 3rd quarter. Barclays PLC now owns 102,490 shares of the scientific and technical instruments company's stock worth $44,854,000 after buying an additional 4,765 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Teledyne Technologies by 6.0% during 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 purchasing an additional 64,617 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Teledyne Technologies by 22.1% during the 4th quarter. Park Avenue Securities LLC now owns 2,037 shares of the scientific and technical instruments company's stock worth $945,000 after purchasing an additional 369 shares during the period. Procyon Advisors LLC boosted its stake in shares of Teledyne Technologies by 10.1% during the 4th quarter. Procyon Advisors LLC now owns 1,072 shares of the scientific and technical instruments company's stock worth $498,000 after purchasing an additional 98 shares during the period. Finally, Ballentine Partners LLC purchased a new position in shares of Teledyne Technologies during the 4th quarter worth about $226,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Price Performance

Shares of NYSE:TDY traded down $1.74 on Friday, reaching $486.30. 156,326 shares of the company were exchanged, compared to its average volume of 260,998. 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 1-year low of $380.63 and a 1-year high of $522.50. The firm has a market cap of $22.79 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 3.14 and a beta of 1.06. The company has a 50-day moving average of $477.54 and a 200-day moving average of $482.37.

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, beating 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 company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the firm earned $4.55 EPS. The firm's quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 3,700 shares of the business's stock in a transaction dated 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 directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $367,091.76. Following the completion of 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. Corporate insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Bank of America boosted 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. TD Securities reiterated a "buy" rating and issued a $550.00 price objective on shares of Teledyne Technologies in a research note on Thursday, April 24th. Needham & Company LLC lowered their price target on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus 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.