J.P. Morgan Private Wealth Advisors LLC Increases Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

J.P. Morgan Private Wealth Advisors LLC raised its stake in shares of Teledyne Technologies Incorporated (NYSE:TDYFree Report) by 7.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,660 shares of the scientific and technical instruments company’s stock after acquiring an additional 181 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in Teledyne Technologies were worth $1,087,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TDY. Raymond James Financial Services Advisors Inc. increased its position in shares of Teledyne Technologies by 93.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,068 shares of the scientific and technical instruments company’s stock valued at $1,923,000 after acquiring an additional 1,965 shares during the last quarter. American Century Companies Inc. increased its position in shares of Teledyne Technologies by 4.0% during the first quarter. American Century Companies Inc. now owns 1,911 shares of the scientific and technical instruments company’s stock valued at $903,000 after acquiring an additional 74 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of 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 valued at $376,000 after purchasing an additional 228 shares in the last quarter. Cibc World Market Inc. grew its holdings in shares of 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 valued at $648,000 after purchasing an additional 527 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of 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 valued at $662,000 after purchasing an additional 1,298 shares in the last quarter. 87.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Teledyne Technologies

In other news, Director Michael T. Smith sold 511 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $431.00, for a total transaction of $220,241.00. Following the completion of the sale, the director now owns 56,492 shares in the company, valued at approximately $24,348,052. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael T. Smith sold 511 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $431.00, for a total transaction of $220,241.00. Following the completion of the sale, the director now owns 56,492 shares in the company, valued at approximately $24,348,052. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael T. Smith sold 1,071 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $395.00, for a total transaction of $423,045.00. Following the sale, the director now owns 56,492 shares of the company’s stock, valued at approximately $22,314,340. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,277 shares of company stock worth $31,130,219. 2.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Needham & Company LLC dropped their price objective on shares of Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $515.67.

Get Our Latest Stock Report on Teledyne Technologies

Teledyne Technologies Stock Down 1.6 %

Shares of Teledyne Technologies stock opened at $427.07 on Tuesday. Teledyne Technologies Incorporated has a 52-week low of $364.98 and a 52-week high of $448.71. The company has a 50 day moving average of $429.97 and a 200 day moving average of $409.39. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $20.15 billion, a P/E ratio of 23.08, a P/E/G ratio of 2.80 and a beta of 1.03.

Teledyne Technologies (NYSE:TDYGet Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.40. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the firm earned $4.94 earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis. As a group, research analysts forecast that Teledyne Technologies Incorporated will post 20.51 EPS for the current fiscal year.

About Teledyne Technologies

(Free Report)

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, France, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.

Further Reading

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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