US Asset Management LLC Takes Position in Teledyne Technologies Incorporated (NYSE:TDY)

US Asset Management LLC acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 733 shares of the scientific and technical instruments company's stock, valued at approximately $340,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of Teledyne Technologies in the 4th quarter valued at approximately $28,000. Hurley Capital LLC acquired a new position in Teledyne Technologies in the fourth quarter valued at approximately $33,000. Ancora Advisors LLC lifted its holdings in Teledyne Technologies by 192.3% in the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock valued at $35,000 after acquiring an additional 50 shares during the last quarter. Millstone Evans Group LLC purchased a new position in Teledyne Technologies in the fourth quarter worth approximately $42,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Teledyne Technologies during the fourth quarter worth $46,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

Insider Buying and Selling at Teledyne Technologies

In other 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Melanie Susan Cibik sold 706 shares of the stock in a transaction on Monday, March 3rd. The shares were 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 directly owns 26,529 shares in the company, valued at $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. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Needham & Company LLC decreased 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. Bank of America upped their target price 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 set a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $542.50.

Teledyne Technologies Trading Up 0.0%

Teledyne Technologies stock traded up $0.03 during midday trading on Wednesday, reaching $494.98. 173,958 shares of the stock traded hands, compared to its average volume of 260,323. The company has a 50-day simple moving average of $477.16 and a two-hundred day simple moving average of $482.47. 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 12-month low of $380.63 and a 12-month high of $522.50. The firm has a market cap of $23.19 billion, a PE ratio of 28.72, 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 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the firm posted $4.55 EPS. Teledyne Technologies's revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

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.