Frank Rimerman Advisors LLC Grows Position in Teledyne Technologies Incorporated (NYSE:TDY)

Frank Rimerman Advisors LLC lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 10.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 865 shares of the scientific and technical instruments company’s stock after buying an additional 84 shares during the period. Frank Rimerman Advisors LLC’s holdings in Teledyne Technologies were worth $401,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TDY. Victory Capital Management Inc. lifted its position in Teledyne Technologies by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 31,436 shares of the scientific and technical instruments company’s stock worth $13,758,000 after buying an additional 563 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Teledyne Technologies by 7.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,640 shares of the scientific and technical instruments company’s stock worth $2,031,000 after buying an additional 304 shares during the last quarter. KBC Group NV lifted its position in Teledyne Technologies by 0.7% in the 3rd quarter. KBC Group NV now owns 10,135 shares of the scientific and technical instruments company’s stock worth $4,436,000 after buying an additional 67 shares during the last quarter. Metis Global Partners LLC lifted its position in Teledyne Technologies by 1.6% in the 3rd quarter. Metis Global Partners LLC now owns 1,514 shares of the scientific and technical instruments company’s stock worth $663,000 after buying an additional 24 shares during the last quarter. Finally, ING Groep NV bought a new stake in Teledyne Technologies in the 3rd quarter worth approximately $1,064,000. Institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TDY. UBS Group began coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies has an average rating of “Buy” and an average target price of $538.00.

Insider Activity

In other news, VP Cynthia Y. Belak sold 5,745 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the transaction, the vice president now directly owns 4,962 shares of the company’s stock, valued at approximately $2,522,383.08. The trade was a 53.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 51,324 shares in the company, valued at $26,691,559.44. This trade represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,571 shares of company stock valued at $17,709,721. Company insiders own 2.14% of the company’s stock.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock opened at $491.72 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The business’s 50 day simple moving average is $493.19 and its two-hundred day simple moving average is $469.87. The stock has a market capitalization of $23.03 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $522.50.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.45 billion. During the same period in the previous year, the firm earned $5.44 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

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.