King Luther Capital Management Corp Boosts Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

King Luther Capital Management Corp raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 613,023 shares of the scientific and technical instruments company's stock after purchasing an additional 9,843 shares during the quarter. Teledyne Technologies accounts for about 1.3% of King Luther Capital Management Corp's holdings, making the stock its 21st biggest position. King Luther Capital Management Corp owned approximately 1.30% of Teledyne Technologies worth $273,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TDY. Bruce G. Allen Investments LLC purchased a new stake in Teledyne Technologies during the fourth quarter worth about $28,000. CVA Family Office LLC purchased a new position in Teledyne Technologies in the 4th quarter valued at approximately $31,000. Cary Street Partners Investment Advisory LLC acquired a new position in Teledyne Technologies during the third quarter worth $44,000. Anchor Investment Management LLC purchased a new stake in Teledyne Technologies during the fourth quarter worth $45,000. Finally, Householder Group Estate & Retirement Specialist LLC increased its position in shares of Teledyne Technologies by 63.2% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company's stock valued at $49,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the company's 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 in the company, valued at $28,711,789.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.88% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on TDY shares. StockNews.com downgraded shares of Teledyne Technologies from a "buy" rating to a "hold" rating in a report on Thursday, April 25th. Bank of America downgraded Teledyne Technologies from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $490.00 to $400.00 in a research report on Friday, April 26th. TD Cowen decreased their price objective on 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, Needham & Company LLC cut their target price on shares of Teledyne Technologies from $510.00 to $455.00 and set a "buy" rating for the company in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned 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 a consensus price target of $470.83.

Teledyne Technologies Trading Up 0.1 %

Shares of NYSE TDY traded up $0.35 on Tuesday, reaching $407.90. 238,687 shares of the company traded hands, compared to its average volume of 240,678. The stock has a market capitalization of $19.33 billion, a PE ratio of 22.06, a P/E/G ratio of 2.77 and a beta of 1.04. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $448.19. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average of $405.36 and a 200 day moving average of $415.12.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings results 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). Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company posted $4.53 EPS. The business's revenue for the quarter was down 2.4% on a year-over-year basis. On average, equities research analysts forecast that Teledyne Technologies Incorporated will post 19.61 earnings per share for the current fiscal year.

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.

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