Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by KBC Group NV

KBC Group NV raised its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,138 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,003 shares during the period. KBC Group NV’s holdings in Teledyne Technologies were worth $5,170,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its position in Teledyne Technologies by 44,457.2% during the third quarter. International Assets Investment Management LLC now owns 73,965 shares of the scientific and technical instruments company’s stock valued at $32,372,000 after purchasing an additional 73,799 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Teledyne Technologies by 6.0% in the 3rd 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 buying an additional 64,617 shares during the period. State Street Corp boosted its stake in shares of Teledyne Technologies by 1.9% in the third quarter. State Street Corp now owns 2,040,896 shares of the scientific and technical instruments company’s stock worth $893,219,000 after buying an additional 37,884 shares during the last quarter. National Bank of Canada FI grew its holdings in Teledyne Technologies by 217.5% during the third quarter. National Bank of Canada FI now owns 53,819 shares of the scientific and technical instruments company’s stock worth $23,554,000 after acquiring an additional 36,867 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in Teledyne Technologies by 11.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 288,826 shares of the scientific and technical instruments company’s stock valued at $126,408,000 after acquiring an additional 28,979 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Chairman Robert Mehrabian sold 3,925 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $490.50, for a total transaction of $1,925,212.50. Following the transaction, the chairman now directly owns 171,802 shares in the company, valued at approximately $84,268,881. The trade was a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jason Vanwees sold 1,500 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $488.71, for a total transaction of $733,065.00. Following the completion of the sale, the insider now owns 2,900 shares of the company’s stock, valued at approximately $1,417,259. The trade was a 34.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,915 shares of company stock valued at $35,954,556 in the last 90 days. 2.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. UBS Group initiated coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price objective for the company. Needham & Company LLC raised their target price on Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, TD Cowen upped their price target on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $531.00.

Teledyne Technologies Stock Up 2.0 %

TDY opened at $519.03 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $519.38. The company has a market cap of $24.19 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01. The company has a 50-day moving average price of $476.25 and a 200 day moving average price of $449.79.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, beating the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the business posted $5.44 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts expect that Teledyne Technologies Incorporated will post 21.3 earnings per share for the current fiscal year.

About Teledyne Technologies

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.