442 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Bought by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors acquired a new position in Teledyne Technologies Incorporated (NYSE:TDY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 442 shares of the scientific and technical instruments company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Quantinno Capital Management LP lifted its position in shares of Teledyne Technologies by 73.5% during the 3rd quarter. Quantinno Capital Management LP now owns 2,078 shares of the scientific and technical instruments company’s stock valued at $910,000 after buying an additional 880 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Teledyne Technologies by 8.6% during the 3rd quarter. Wellington Management Group LLP now owns 7,301 shares of the scientific and technical instruments company’s stock valued at $3,195,000 after buying an additional 576 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Teledyne Technologies by 31.7% during the 3rd quarter. Jane Street Group LLC now owns 16,400 shares of the scientific and technical instruments company’s stock valued at $7,178,000 after buying an additional 3,944 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Teledyne Technologies during the 3rd quarter valued at $241,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Teledyne Technologies by 7.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 14,313 shares of the scientific and technical instruments company’s stock valued at $6,264,000 after buying an additional 957 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Activity at Teledyne Technologies

In related news, COO George C. Bobb III sold 6,308 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the completion of the sale, the chief operating officer now owns 10,482 shares in the company, valued at approximately $5,322,445.14. This represents a 37.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total value of $1,924,222.00. Following the sale, the insider now owns 51,324 shares of the company’s stock, valued at approximately $26,691,559.44. This trade represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,571 shares of company stock worth $17,709,721. 1.50% of the stock is owned by insiders.

Teledyne Technologies Stock Up 7.5 %

Shares of NYSE:TDY opened at $468.17 on Thursday. The stock has a fifty day simple moving average of $492.94 and a two-hundred day simple moving average of $476.98. The stock has a market capitalization of $21.93 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $522.50. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping the consensus estimate of $5.23 by $0.29. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.44 earnings per share. On average, research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TDY. Needham & Company LLC reaffirmed a “buy” rating and set a $585.00 price target on shares of Teledyne Technologies in a research report on Wednesday, February 5th. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 2nd. Finally, Bank of America raised their target price on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Monday, March 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $548.00.

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.