Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,719 shares of the scientific and technical instruments company's stock after buying an additional 2,875 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.11% of Teledyne Technologies worth $21,844,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bruce G. Allen Investments LLC bought a new stake in shares of Teledyne Technologies in the fourth quarter worth about $28,000. CVA Family Office LLC purchased a new position in shares of Teledyne Technologies during the fourth quarter valued at approximately $31,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Teledyne Technologies during the third quarter valued at approximately $44,000. Anchor Investment Management LLC purchased a new position in Teledyne Technologies in the 4th quarter worth approximately $45,000. Finally, Householder Group Estate & Retirement Specialist LLC raised its holdings in Teledyne Technologies by 63.2% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company's stock worth $49,000 after acquiring an additional 43 shares during the last quarter. 91.58% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, Director Simon M. Lorne sold 2,200 shares of the company's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $426.70, for a total value of $938,740.00. Following the transaction, the director now owns 67,288 shares of the company's stock, valued at approximately $28,711,789.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.14% of the stock is owned by company insiders.
Teledyne Technologies Stock Up 1.0 %
NYSE TDY traded up $4.17 on Friday, hitting $406.43. The stock had a trading volume of 246,885 shares, compared to its average volume of 240,414. The business's fifty day moving average price is $406.62 and its 200 day moving average price is $414.13. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19. The stock has a market cap of $19.26 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 2.78 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.29.
Teledyne Technologies (NYSE:TDY - Get Free Report) last released its 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 return on equity of 10.54% and a net margin of 15.81%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the firm earned $4.53 EPS. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 19.36 earnings per share for the current year.
Analyst Ratings Changes
TDY has been the subject of several recent analyst reports. Bank of America downgraded shares of Teledyne Technologies from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $490.00 to $400.00 in a report on Friday, April 26th. TD Cowen reduced their price objective on shares of Teledyne Technologies from $475.00 to $450.00 and set a "buy" rating on the stock in a research report on Thursday, April 25th. StockNews.com downgraded shares of Teledyne Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, April 25th. Finally, Needham & Company LLC dropped their target price on shares of Teledyne Technologies from $510.00 to $455.00 and set a "buy" rating on the stock in a research note on Thursday, April 25th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Teledyne Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $470.83.
Check Out Our Latest Report on Teledyne Technologies
Teledyne Technologies Company Profile
(
Free Report)
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.
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