ING Groep NV Boosts Stake in Teledyne Technologies Incorporated (NYSE:TDY)

ING Groep NV lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 60.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,460 shares of the scientific and technical instruments company's stock after purchasing an additional 3,550 shares during the period. ING Groep NV's holdings in Teledyne Technologies were worth $4,222,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TDY. Raymond James Financial Services Advisors Inc. grew its stake in Teledyne Technologies by 24.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 2,620 shares of the scientific and technical instruments company's stock valued at $1,070,000 after buying an additional 507 shares during the last quarter. Allworth Financial LP grew its stake in Teledyne Technologies by 26.5% in the 3rd quarter. Allworth Financial LP now owns 129 shares of the scientific and technical instruments company's stock valued at $53,000 after buying an additional 27 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Teledyne Technologies by 2.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 3,644 shares of the scientific and technical instruments company's stock worth $1,489,000 after purchasing an additional 90 shares in the last quarter. Wealthfront Advisers LLC grew its position in shares of Teledyne Technologies by 2.4% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,565 shares of the scientific and technical instruments company's stock worth $639,000 after purchasing an additional 36 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its position in shares of Teledyne Technologies by 750.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,103 shares of the scientific and technical instruments company's stock worth $2,085,000 after purchasing an additional 4,503 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock traded up $0.74 on Monday, reaching $407.17. 268,092 shares of the stock were exchanged, compared to its average volume of 240,699. The firm has a market cap of $19.29 billion, a PE ratio of 22.02, a P/E/G ratio of 2.77 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 firm's 50 day moving average is $405.71 and its 200-day moving average is $414.88. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $448.19.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing the consensus estimate of $4.63 by ($0.08). The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.39 billion. Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. Teledyne Technologies's revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $4.53 EPS. As a group, analysts anticipate that Teledyne Technologies Incorporated will post 19.61 EPS for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the company'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 value of $938,740.00. Following the completion of the transaction, the director now directly owns 67,288 shares in the company, valued at approximately $28,711,789.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.88% of the company's stock.

Wall Street Analyst Weigh In

TDY has been the topic of a number of analyst reports. StockNews.com lowered shares of Teledyne Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, April 25th. TD Cowen decreased 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 report on Thursday, April 25th. Needham & Company LLC decreased 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 report on Thursday, April 25th. Finally, Bank of America lowered shares of Teledyne Technologies from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $490.00 to $400.00 in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $470.83.

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.