Teledyne Technologies Incorporated (TDY) Stake Increased by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. grew its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,190 shares of the scientific and technical instruments company’s stock after buying an additional 1,540 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Teledyne Technologies were worth $5,831,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Teledyne Technologies in the 4th quarter valued at approximately $101,000. Kovack Advisors Inc. purchased a new position in Teledyne Technologies in the 4th quarter valued at approximately $213,000. Zions Bancorporation purchased a new position in Teledyne Technologies in the 3rd quarter valued at approximately $220,000. CIBC Asset Management Inc purchased a new position in Teledyne Technologies in the 4th quarter valued at approximately $220,000. Finally, AMP Capital Investors Ltd purchased a new position in Teledyne Technologies in the 3rd quarter valued at approximately $223,000. 84.03% of the stock is owned by institutional investors and hedge funds.
Teledyne Technologies Incorporated (NYSE TDY) opened at $194.28 on Friday. Teledyne Technologies Incorporated has a one year low of $121.58 and a one year high of $201.40. The firm has a market capitalization of $6,811.97, a P/E ratio of 31.13, a P/E/G ratio of 3.37 and a beta of 1.02. The company has a quick ratio of 1.13, a current ratio of 1.87 and a debt-to-equity ratio of 0.55.
Several equities analysts recently weighed in on TDY shares. ValuEngine raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research raised Teledyne Technologies from a “hold” rating to a “buy” rating and set a $213.00 price objective for the company in a research note on Tuesday, February 6th. Finally, Needham & Company LLC raised their price objective on Teledyne Technologies to $205.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $196.00.
In other Teledyne Technologies news, Director Charles Crocker sold 4,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $183.00, for a total transaction of $732,000.00. Following the completion of the transaction, the director now owns 47,488 shares of the company’s stock, valued at $8,690,304. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert Mehrabian sold 35,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $192.92, for a total value of $6,752,200.00. Following the transaction, the chairman now directly owns 284,072 shares of the company’s stock, valued at approximately $54,803,170.24. The disclosure for this sale can be found here. Insiders have sold 53,452 shares of company stock valued at $10,162,286 in the last three months. 3.30% of the stock is currently owned by company insiders.
Teledyne Technologies Company Profile
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.
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