JT Stratford LLC Purchases 162 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

JT Stratford LLC grew its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 6.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,665 shares of the scientific and technical instruments company’s stock after buying an additional 162 shares during the quarter. JT Stratford LLC’s holdings in Teledyne Technologies were worth $1,237,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. LPL Financial LLC increased its position in shares of Teledyne Technologies by 8.5% during the fourth quarter. LPL Financial LLC now owns 28,366 shares of the scientific and technical instruments company’s stock valued at $13,166,000 after buying an additional 2,224 shares during the period. Amundi grew its holdings in shares of Teledyne Technologies by 11.9% during the 4th quarter. Amundi now owns 124,874 shares of the scientific and technical instruments company’s stock worth $57,687,000 after acquiring an additional 13,244 shares during the period. ING Groep NV raised its position in shares of Teledyne Technologies by 144.9% in the 4th quarter. ING Groep NV now owns 5,952 shares of the scientific and technical instruments company’s stock worth $2,763,000 after acquiring an additional 3,522 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Teledyne Technologies by 6.0% during 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 purchasing an additional 64,617 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Teledyne Technologies by 10.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,515 shares of the scientific and technical instruments company’s stock worth $3,024,000 after purchasing an additional 640 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Stock Down 1.2%

Teledyne Technologies stock opened at $489.34 on Thursday. Teledyne Technologies Incorporated has a 12 month low of $380.63 and a 12 month high of $522.50. The stock has a fifty day simple moving average of $477.97 and a two-hundred day simple moving average of $481.97. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. The firm has a market cap of $22.93 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 3.14 and a beta of 1.06.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, topping the consensus estimate of $4.92 by $0.03. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. Teledyne Technologies’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the company earned $4.55 EPS. Equities analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Insider Activity at Teledyne Technologies

In other news, Vice Chairman Jason Vanwees sold 3,700 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were 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 owns 51,324 shares of the company’s stock, valued at $26,691,559.44. The trade was a 6.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Melanie Susan Cibik sold 706 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $519.96, for a total value of $367,091.76. Following the sale, the executive vice president now directly owns 26,529 shares of the company’s stock, valued at $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 company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on TDY. TD Securities reaffirmed a “buy” rating and set a $550.00 target price on shares of Teledyne Technologies in a research note on Thursday, April 24th. Bank of America boosted their target price on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, March 17th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Finally, Needham & Company LLC dropped their price target on shares of Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Buy” and a consensus target price of $542.50.

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.