Teledyne Technologies Incorporated (NYSE:TDY) Shares Purchased by Wealth Alliance

Wealth Alliance lifted its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,695 shares of the scientific and technical instruments company’s stock after purchasing an additional 90 shares during the quarter. Wealth Alliance’s holdings in Teledyne Technologies were worth $756,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its position in Teledyne Technologies by 93.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,068 shares of the scientific and technical instruments company’s stock worth $1,923,000 after acquiring an additional 1,965 shares during the period. American Century Companies Inc. grew its position in Teledyne Technologies by 4.0% in the first quarter. American Century Companies Inc. now owns 1,911 shares of the scientific and technical instruments company’s stock worth $903,000 after acquiring an additional 74 shares during the period. Private Advisor Group LLC grew its position in Teledyne Technologies by 40.1% in the first quarter. Private Advisor Group LLC now owns 796 shares of the scientific and technical instruments company’s stock worth $376,000 after acquiring an additional 228 shares during the period. Cibc World Market Inc. grew its position in Teledyne Technologies by 62.5% in the first quarter. Cibc World Market Inc. now owns 1,370 shares of the scientific and technical instruments company’s stock worth $648,000 after acquiring an additional 527 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in Teledyne Technologies by 1,272.5% in the first quarter. Canada Pension Plan Investment Board now owns 1,400 shares of the scientific and technical instruments company’s stock worth $662,000 after acquiring an additional 1,298 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 0.3 %

TDY opened at $401.07 on Wednesday. The firm has a market cap of $19.00 billion, a P/E ratio of 21.68, a P/E/G ratio of 2.57 and a beta of 1.02. The business has a fifty day simple moving average of $423.24 and a 200-day simple moving average of $415.25. Teledyne Technologies Incorporated has a 52 week low of $364.98 and a 52 week high of $448.19. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.29.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.04 by $0.40. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. Teledyne Technologies had a return on equity of 10.81% and a net margin of 15.72%. Teledyne Technologies’s revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $4.94 earnings per share. On average, equities analysts expect that Teledyne Technologies Incorporated will post 20.56 earnings per share for the current year.

Insider Buying and Selling

In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of Teledyne Technologies stock in a transaction that occurred 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 sale, 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 Securities & Exchange Commission, which is available through the SEC website. In other news, Director Simon M. Lorne sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $426.70, for a total transaction of $938,740.00. Following the sale, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael T. Smith sold 511 shares of Teledyne Technologies stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $431.00, for a total value of $220,241.00. Following the transaction, the director now owns 56,492 shares of the company’s stock, valued at $24,348,052. The disclosure for this sale can be found here. Insiders have sold a total of 6,711 shares of company stock valued at $2,890,621 over the last quarter. 1.88% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TDY. Needham & Company LLC lowered their price objective on Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, February 10th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $515.67.

Teledyne Technologies 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.