Universal Beteiligungs und Servicegesellschaft mbH Takes $12.61 Million Position in Teledyne Technologies Incorporated (NYSE:TDY)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,169 shares of the scientific and technical instruments company's stock, valued at approximately $12,610,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Teledyne Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TDY. Quarry LP acquired a new position in shares of Teledyne Technologies in the 4th quarter worth approximately $28,000. Hurley Capital LLC acquired a new position in Teledyne Technologies during the 4th quarter worth $33,000. Ancora Advisors LLC lifted its holdings in 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 buying an additional 50 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Teledyne Technologies during the 4th quarter worth $42,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Teledyne Technologies during the 4th quarter worth $46,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, 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 transaction of $367,091.76. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies stock in a transaction dated 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 transaction, the insider now owns 51,324 shares of the company's stock, valued at $26,691,559.44. The trade was a 6.72% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Teledyne Technologies Trading Up 0.4%

Teledyne Technologies stock traded up $1.92 during mid-day trading on Friday, hitting $499.41. 556,459 shares of the company's stock were exchanged, compared to its average volume of 262,684. The firm has a market capitalization of $23.40 billion, a P/E ratio of 28.98, a PEG ratio of 3.14 and a beta of 1.06. Teledyne Technologies Incorporated has a fifty-two week low of $380.63 and a fifty-two week high of $522.50. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The company's 50 day simple moving average is $476.55 and its 200-day simple moving average is $482.69.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, topping the consensus estimate of $4.92 by $0.03. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm's revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $4.55 EPS. On average, equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Teledyne Technologies 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.