BNP Paribas Financial Markets Purchases 24,245 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

BNP Paribas Financial Markets increased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 35.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 92,060 shares of the scientific and technical instruments company's stock after buying an additional 24,245 shares during the period. BNP Paribas Financial Markets owned 0.20% of Teledyne Technologies worth $42,728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Teledyne Technologies by 8.5% during the 4th quarter. LPL Financial LLC now owns 28,366 shares of the scientific and technical instruments company's stock worth $13,166,000 after purchasing an additional 2,224 shares during the last quarter. Amundi increased its position in Teledyne Technologies by 11.9% in the 4th quarter. Amundi now owns 124,874 shares of the scientific and technical instruments company's stock worth $57,687,000 after buying an additional 13,244 shares during the period. Covea Finance lifted its holdings in shares of Teledyne Technologies by 25.1% during the fourth quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company's stock worth $9,932,000 after buying an additional 4,300 shares during the last quarter. ING Groep NV lifted its holdings in shares of Teledyne Technologies by 144.9% during the fourth quarter. ING Groep NV now owns 5,952 shares of the scientific and technical instruments company's stock worth $2,763,000 after buying an additional 3,522 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Teledyne Technologies by 6.0% in the third quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company's stock valued at $503,338,000 after acquiring an additional 64,617 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Vice Chairman Jason Vanwees sold 3,700 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the completion of the sale, the insider now directly owns 51,324 shares of the company's stock, valued at $26,691,559.44. This trade represents a 6.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Melanie Susan Cibik sold 706 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total value of $367,091.76. Following the completion of the transaction, the executive vice president now directly owns 26,529 shares in the company, valued at approximately $13,794,018.84. This represents a 2.59% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Bank of America upped their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Monday, March 17th. TD Securities reiterated a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a research note on Thursday, April 24th. Needham & Company LLC lowered their price target on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, StockNews.com upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $542.50.

Teledyne Technologies Price Performance

NYSE:TDY traded up $6.40 during mid-day trading on Monday, hitting $491.36. The company's stock had a trading volume of 255,670 shares, compared to its average volume of 257,673. The company has a market capitalization of $23.02 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 3.14 and a beta of 1.06. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a fifty-two week low of $380.63 and a fifty-two week high of $522.50. The stock has a fifty day moving average of $476.89 and a 200-day moving average of $480.47.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.92 by $0.03. The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. Teledyne Technologies's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.55 EPS. As a group, equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS 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.