Tennessee Valley Asset Management Partners Invests $90,000 in Teledyne Technologies Incorporated (NYSE:TDY)

Tennessee Valley Asset Management Partners bought a new position in Teledyne Technologies Incorporated (NYSE:TDY) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 202 shares of the scientific and technical instruments company’s stock, valued at approximately $90,000.

Other hedge funds have also bought and sold shares of the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Teledyne Technologies during the 4th quarter valued at about $28,000. CVA Family Office LLC purchased a new stake in shares of Teledyne Technologies during the 4th quarter valued at about $31,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Teledyne Technologies during the 3rd quarter valued at about $44,000. Anchor Investment Management LLC bought a new position in shares of Teledyne Technologies during the 4th quarter valued at approximately $45,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its stake in shares of Teledyne Technologies by 63.2% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock valued at $49,000 after acquiring an additional 43 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Activity at Teledyne Technologies

In related news, Director Simon M. Lorne sold 2,200 shares of the stock in a transaction 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 in the company, valued at approximately $28,711,789.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the stock in a transaction 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 in the company, valued at $28,711,789.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth C. Dahlberg sold 4,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $432.91, for a total value of $1,731,640.00. Following the transaction, the director now directly owns 18,735 shares in the company, valued at approximately $8,110,568.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,711 shares of company stock worth $2,890,621. Company insiders own 2.14% of the company’s stock.

Teledyne Technologies Trading Up 0.7 %

TDY stock opened at $404.08 on Tuesday. Teledyne Technologies Incorporated has a 1-year low of $364.98 and a 1-year high of $448.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.69 and a quick ratio of 1.17. The company has a market capitalization of $19.15 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.58 and a beta of 1.02. The business has a 50 day simple moving average of $420.22 and a two-hundred day simple moving average of $415.23.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.04 by $0.40. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Teledyne Technologies had a return on equity of 10.81% and a net margin of 15.72%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.94 EPS. Research analysts anticipate that Teledyne Technologies Incorporated will post 20.56 EPS for the current fiscal year.

Analysts Set New Price Targets

TDY has been the subject of a number of recent research reports. Needham & Company LLC cut their price objective on Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Teledyne Technologies has an average rating of “Buy” and a consensus target price of $515.67.

Teledyne Technologies Company 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.