Natixis Advisors L.P. Boosts Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Natixis Advisors L.P. raised its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 4.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 88,448 shares of the scientific and technical instruments company's stock after purchasing an additional 4,011 shares during the period. Natixis Advisors L.P. owned approximately 0.19% of Teledyne Technologies worth $39,472,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in shares of Teledyne Technologies by 18.0% in the third quarter. Barclays PLC now owns 99,504 shares of the scientific and technical instruments company's stock valued at $40,656,000 after purchasing an additional 15,169 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in shares of Teledyne Technologies in the 4th quarter worth approximately $2,325,000. Grandfield & Dodd LLC grew its holdings in shares of Teledyne Technologies by 11.2% in the fourth quarter. Grandfield & Dodd LLC now owns 30,894 shares of the scientific and technical instruments company's stock valued at $13,788,000 after acquiring an additional 3,111 shares in the last quarter. Metis Global Partners LLC increased its position in shares of Teledyne Technologies by 21.5% during 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 acquiring an additional 303 shares during the last quarter. Finally, WCM Investment Management LLC bought a new stake in Teledyne Technologies during the fourth quarter worth $934,000. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Stock Performance

NYSE TDY traded down $0.26 during trading on Friday, hitting $385.34. 386,120 shares of the company's stock traded hands, compared to its average volume of 343,099. The stock has a market capitalization of $18.26 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.66 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.29 and a current ratio of 1.81. The business has a 50 day moving average of $411.71 and a 200-day moving average of $413.54. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing analysts' consensus estimates of $4.63 by ($0.08). Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.39 billion. During the same quarter in the previous year, the company posted $4.53 earnings per share. The business's quarterly revenue was down 2.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Teledyne Technologies Incorporated will post 19.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Needham & Company LLC reduced their price objective on Teledyne Technologies from $510.00 to $455.00 and set a "buy" rating for the company in a research note on Thursday, April 25th. Bank of America downgraded shares of Teledyne Technologies from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $490.00 to $400.00 in a report on Friday, April 26th. TD Cowen dropped their target price on shares of Teledyne Technologies from $475.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday, April 25th. Finally, StockNews.com downgraded shares of Teledyne Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $470.83.

Insider Transactions at Teledyne Technologies

In related news, Director Simon M. Lorne sold 2,200 shares of the business's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $426.70, for a total transaction of $938,740.00. Following the sale, the director now directly owns 67,288 shares in the company, valued at approximately $28,711,789.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.14% of the company's stock.

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.