WCM Investment Management LLC Purchases New Position in Teledyne Technologies Incorporated (NYSE:TDY)

WCM Investment Management LLC purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,102 shares of the scientific and technical instruments company's stock, valued at approximately $934,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Baird Financial Group Inc. increased its position in Teledyne Technologies by 2.6% during the 4th quarter. Baird Financial Group Inc. now owns 944 shares of the scientific and technical instruments company's stock valued at $378,000 after buying an additional 24 shares in the last quarter. Allworth Financial LP lifted its position in shares of Teledyne Technologies by 26.5% in the third quarter. Allworth Financial LP now owns 129 shares of the scientific and technical instruments company's stock valued at $53,000 after acquiring an additional 27 shares in the last quarter. Great Lakes Advisors LLC lifted its position in Teledyne Technologies by 5.5% during the third quarter. Great Lakes Advisors LLC now owns 540 shares of the scientific and technical instruments company's stock worth $221,000 after buying an additional 28 shares in the last quarter. First Manhattan Co. lifted its position in Teledyne Technologies by 0.6% during the fourth quarter. First Manhattan Co. now owns 4,466 shares of the scientific and technical instruments company's stock worth $1,786,000 after buying an additional 28 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its stake in Teledyne Technologies by 0.8% during the first quarter. Silvercrest Asset Management Group LLC now owns 3,611 shares of the scientific and technical instruments company's stock worth $1,615,000 after acquiring an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TDY shares. Needham & Company LLC lowered their target price 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. StockNews.com upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, February 10th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $515.67.

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 on Friday, February 2nd. The shares were 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 in the company, 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 Kenneth C. Dahlberg sold 4,000 shares of the business's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $432.91, for a total value of $1,731,640.00. Following the completion of the sale, the director now owns 18,735 shares of the company's stock, valued at approximately $8,110,568.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Simon M. Lorne sold 2,200 shares of the business's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $426.70, for a total transaction of $938,740.00. Following the completion of the transaction, the director now owns 67,288 shares of the company's stock, valued at $28,711,789.60. The disclosure for this sale can be found here. Insiders have sold 6,711 shares of company stock worth $2,890,621 over the last ninety days. Company insiders own 1.88% of the company's stock.

Teledyne Technologies Price Performance

Shares of NYSE TDY traded up $1.51 during mid-day trading on Monday, reaching $399.99. 238,394 shares of the company traded hands, compared to its average volume of 215,599. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.69 and a quick ratio of 1.17. The firm has a market cap of $18.95 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.56 and a beta of 1.02. Teledyne Technologies Incorporated has a fifty-two week low of $364.98 and a fifty-two week high of $448.19. The stock has a fifty day simple moving average of $423.85 and a 200-day simple moving average of $415.33.

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 for the quarter, topping 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 net margin of 15.72% and a return on equity of 10.81%. The business's revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.94 EPS. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 20.56 EPS for the current fiscal 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.