Teledyne Technologies Incorporated (NYSE:TDY) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 37,167.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,299 shares of the scientific and technical instruments company's stock after acquiring an additional 72,105 shares during the quarter. International Assets Investment Management LLC owned about 0.15% of Teledyne Technologies worth $32,266,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in Teledyne Technologies by 18.0% during the third quarter. Barclays PLC now owns 99,504 shares of the scientific and technical instruments company's stock worth $40,656,000 after acquiring an additional 15,169 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new stake in shares of Teledyne Technologies in the fourth quarter valued at $2,325,000. Canandaigua National Bank & Trust Co. grew its stake in shares of Teledyne Technologies by 8.2% in the third quarter. Canandaigua National Bank & Trust Co. now owns 544 shares of the scientific and technical instruments company's stock valued at $222,000 after buying an additional 41 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of Teledyne Technologies by 21.5% in the third quarter. Metis Global Partners LLC now owns 1,715 shares of the scientific and technical instruments company's stock valued at $701,000 after buying an additional 303 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Teledyne Technologies by 75.2% in the third quarter. LPL Financial LLC now owns 12,474 shares of the scientific and technical instruments company's stock valued at $5,097,000 after buying an additional 5,355 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TDY. StockNews.com raised Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, February 10th. Needham & Company LLC dropped their price objective on Teledyne Technologies from $522.00 to $510.00 and set a "buy" rating for the company in a research note on Wednesday, January 24th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $515.67.

Teledyne Technologies Stock Down 3.3 %

NYSE:TDY traded down $13.58 during midday trading on Wednesday, reaching $402.48. The company had a trading volume of 320,041 shares, compared to its average volume of 216,425. The firm has a market capitalization of $19.07 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 2.67 and a beta of 1.02. The stock's fifty day simple moving average is $425.01 and its 200-day simple moving average is $415.45. Teledyne Technologies Incorporated has a 12-month low of $364.98 and a 12-month high of $448.19. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.29.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its earnings results on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.04 by $0.40. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. Teledyne Technologies had a return on equity of 10.81% and a net margin of 15.72%. Teledyne Technologies's revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $4.94 earnings per share. On average, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 20.56 earnings per share for the current fiscal year.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Director Kenneth C. Dahlberg sold 4,000 shares of Teledyne Technologies stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the completion of the sale, the director now directly owns 18,735 shares of the company's stock, valued at approximately $8,110,568.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of Teledyne Technologies stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $426.70, for a total transaction of $938,740.00. Following the completion of the sale, the director now directly owns 67,288 shares of the company's stock, valued at approximately $28,711,789.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth C. Dahlberg sold 4,000 shares of Teledyne Technologies stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $432.91, for a total value of $1,731,640.00. Following the sale, the director now directly owns 18,735 shares of the company's stock, valued at $8,110,568.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,711 shares of company stock worth $2,890,621. Company insiders own 1.88% of the company's stock.

About Teledyne Technologies

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.