Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 54.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 180,123 shares of the scientific and technical instruments company's stock after buying an additional 63,256 shares during the period. Hsbc Holdings PLC owned 0.39% of Teledyne Technologies worth $83,544,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Hurley Capital LLC bought a new stake in shares of Teledyne Technologies during the fourth quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB purchased a new stake in Teledyne Technologies in the 3rd quarter worth $39,000. Millstone Evans Group LLC bought a new position in shares of Teledyne Technologies during the 4th quarter valued at about $42,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Teledyne Technologies during the fourth quarter valued at about $46,000. Finally, Tortoise Investment Management LLC increased its holdings in shares of Teledyne Technologies by 63.2% in the fourth quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company's stock worth $58,000 after purchasing an additional 48 shares during the last quarter. Institutional investors own 91.58% of the company's stock.

Insider Buying and Selling

In related news, EVP Melanie Susan Cibik sold 2,699 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $510.03, for a total value of $1,376,570.97. Following the transaction, the executive vice president now owns 27,235 shares in the company, valued at approximately $13,890,667.05. This represents a 9.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the company's stock in a transaction 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 directly owns 51,324 shares in the company, valued at $26,691,559.44. This trade represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,880 shares of company stock worth $9,212,200 in the last 90 days. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TDY shares. TD Securities restated a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a report on Thursday, April 24th. StockNews.com lowered shares of Teledyne Technologies from a "buy" rating to a "hold" rating in a report on Monday. Needham & Company LLC decreased their price target 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. Finally, Bank of America lifted their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Teledyne Technologies has a consensus rating of "Moderate Buy" and an average price target of $542.50.

Teledyne Technologies Trading Up 0.3 %

Shares of TDY stock traded up $1.35 during trading hours on Tuesday, reaching $464.39. 62,401 shares of the stock were exchanged, compared to its average volume of 255,791. The firm has a market capitalization of $21.75 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 12-month low of $375.94 and a 12-month high of $522.50. The company's 50-day moving average price is $481.55 and its 200-day moving average price is $479.10. 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 released 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 firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.55 earnings per share. As a group, equities analysts anticipate 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.