Teledyne Technologies Incorporated (NYSE:TDY) Shares Purchased by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV increased its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,051 shares of the scientific and technical instruments company's stock after purchasing an additional 775 shares during the period. Nissay Asset Management Corp Japan ADV owned approximately 0.09% of Teledyne Technologies worth $20,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TDY. Quarry LP purchased a new stake in Teledyne Technologies during the fourth quarter valued at approximately $28,000. Hurley Capital LLC purchased a new position in Teledyne Technologies during the fourth quarter valued at $33,000. Ancora Advisors LLC grew its stake in Teledyne Technologies by 192.3% during 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 in the last quarter. Millstone Evans Group LLC purchased a new position in shares of Teledyne Technologies in the 4th quarter worth $42,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Teledyne Technologies in the 4th quarter worth $46,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Up 0.5%

Shares of Teledyne Technologies stock traded up $2.47 on Friday, reaching $498.67. The stock had a trading volume of 340,506 shares, compared to its average volume of 259,869. The stock has a market capitalization of $23.37 billion, a P/E ratio of 28.94, a P/E/G ratio of 3.14 and a beta of 1.06. Teledyne Technologies Incorporated has a 1 year low of $380.63 and a 1 year 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 has a 50 day moving average price of $477.32 and a 200 day moving average price of $480.98.

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 earnings per share for the quarter, topping the consensus estimate of $4.92 by $0.03. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.55 EPS. As a group, equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TDY. StockNews.com raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. TD Securities reiterated 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 boosted their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a report on Monday, March 17th. Finally, Needham & Company LLC reduced their price target on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Teledyne Technologies currently has an average rating of "Buy" and an average price target of $542.50.

Insider Activity

In related news, Vice Chairman Jason Vanwees sold 3,700 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total value of $1,924,222.00. Following the completion of the transaction, the insider now directly owns 51,324 shares in the company, valued at $26,691,559.44. The trade was a 6.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Melanie Susan Cibik sold 706 shares of the business's 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 owns 26,529 shares of the company's stock, valued at approximately $13,794,018.84. This 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.

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.