733 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Purchased by US Asset Management LLC

US Asset Management LLC bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 733 shares of the scientific and technical instruments company's stock, valued at approximately $340,000.

Other hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new position in shares of Teledyne Technologies in the fourth quarter valued at approximately $28,000. Hurley Capital LLC purchased a new position in shares of Teledyne Technologies in the fourth quarter valued at approximately $33,000. Ancora Advisors LLC boosted its stake in shares of 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 purchasing an additional 50 shares during the period. 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. purchased a new position in Teledyne Technologies in the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

Analysts Set New Price Targets

TDY has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Bank of America raised 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. TD Securities reissued a "buy" rating and set a $550.00 price objective on shares of Teledyne Technologies in a report on Thursday, April 24th. Finally, Needham & Company LLC cut their price objective 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. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teledyne Technologies presently has a consensus rating of "Buy" and a consensus target price of $542.50.

Insider Activity

In related news, EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total value of $367,091.76. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the sale, the insider now owns 51,324 shares in the company, valued at $26,691,559.44. The trade was a 6.72% 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.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock traded up $8.51 during trading on Tuesday, reaching $494.73. The company's stock had a trading volume of 176,626 shares, compared to its average volume of 287,954. The company has a 50-day moving average price of $477.26 and a two-hundred day moving average price of $482.39. The firm has a market cap of $23.18 billion, a PE ratio of 28.71, a P/E/G 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 current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, beating analysts' consensus estimates of $4.92 by $0.03. The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.44 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.55 EPS. On average, analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current 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.