Mufg Securities Americas Inc. Invests $319,000 in Teledyne Technologies Incorporated (NYSE:TDY)

Mufg Securities Americas Inc. purchased 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 filing with the SEC. The institutional investor purchased 688 shares of the scientific and technical instruments company's stock, valued at approximately $319,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TDY. Norges Bank bought a new position in shares of Teledyne Technologies during the 4th quarter worth $306,042,000. Alyeska Investment Group L.P. grew its stake in shares of Teledyne Technologies by 19,605.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 365,133 shares of the scientific and technical instruments company's stock worth $169,469,000 after acquiring an additional 363,280 shares during the period. Madison Investment Advisors LLC bought a new position in Teledyne Technologies in the 4th quarter worth about $94,721,000. Freestone Grove Partners LP bought a new position in Teledyne Technologies in the 4th quarter worth about $61,939,000. Finally, Raymond James Financial Inc. bought a new position in Teledyne Technologies in the 4th quarter worth about $53,304,000. Institutional investors own 91.58% of the company's stock.

Insider Buying and Selling

In other news, EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total value of $367,091.76. Following the sale, the executive vice president now directly owns 26,529 shares in the company, valued at approximately $13,794,018.84. This trade represents a 2.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies 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 owns 51,324 shares in the company, valued at approximately $26,691,559.44. This trade represents a 6.72% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on TDY. StockNews.com upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. TD Securities reaffirmed a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a research note on Thursday, April 24th. Bank of America lifted 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. Finally, Needham & Company LLC lowered their price objective on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $542.50.

Teledyne Technologies Price Performance

Shares of NYSE TDY traded down $2.53 during trading hours on Tuesday, reaching $494.51. 384,960 shares of the stock traded hands, compared to its average volume of 260,363. The company has a market capitalization of $23.17 billion, a P/E ratio of 28.70, a price-to-earnings-growth ratio of 3.14 and a beta of 1.06. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 52-week low of $380.63 and a 52-week high of $522.50. The company's 50-day simple moving average is $477.73 and its two-hundred day simple moving average is $481.83.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, beating analysts' consensus estimates of $4.92 by $0.03. The company 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%. Teledyne Technologies's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $4.55 EPS. Equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS 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.