Captrust Financial Advisors Grows Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Captrust Financial Advisors increased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 25.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,559 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,926 shares during the period. Captrust Financial Advisors’ holdings in Teledyne Technologies were worth $4,437,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TDY. Castlekeep Investment Advisors LLC purchased a new stake in Teledyne Technologies during the fourth quarter valued at $2,801,000. Baird Financial Group Inc. lifted its holdings in shares of Teledyne Technologies by 3.0% in the 4th quarter. Baird Financial Group Inc. now owns 1,252 shares of the scientific and technical instruments company’s stock valued at $581,000 after acquiring an additional 37 shares during the last quarter. Balyasny Asset Management L.P. grew its position in Teledyne Technologies by 74.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 203,706 shares of the scientific and technical instruments company’s stock worth $94,546,000 after acquiring an additional 87,168 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Teledyne Technologies by 35.8% during the fourth quarter. BNP Paribas Financial Markets now owns 92,060 shares of the scientific and technical instruments company’s stock worth $42,728,000 after acquiring an additional 24,245 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its position in Teledyne Technologies by 19,605.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 365,133 shares of the scientific and technical instruments company’s stock valued at $169,469,000 after purchasing an additional 363,280 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Price Performance

Shares of TDY opened at $484.62 on Friday. The firm has a 50-day simple moving average of $476.89 and a two-hundred day simple moving average of $480.34. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. Teledyne Technologies Incorporated has a 1-year low of $380.63 and a 1-year high of $522.50. The stock has a market cap of $22.71 billion, a PE ratio of 28.13, a P/E/G ratio of 3.14 and a beta of 1.06.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, beating analysts’ consensus estimates of $4.92 by $0.03. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.55 earnings per share. As a group, analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on TDY shares. Needham & Company LLC cut their price target on shares of Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. TD Securities reissued a “buy” rating and set a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday, April 24th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Bank of America increased 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. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teledyne Technologies has an average rating of “Buy” and a consensus target price of $542.50.

Insider Buying and Selling at Teledyne Technologies

In other news, Vice Chairman Jason Vanwees sold 3,700 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was 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 in the company, valued at approximately $26,691,559.44. The trade was a 6.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Melanie Susan Cibik sold 706 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total transaction of $367,091.76. Following the completion of the transaction, the executive vice president now directly owns 26,529 shares in the company, valued at approximately $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 corporate insiders.

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.