Callan Family Office LLC Buys New Shares in Teledyne Technologies Incorporated (NYSE:TDY)

Callan Family Office LLC purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the fourth quarter, HoldingsChannel reports. The firm purchased 4,419 shares of the scientific and technical instruments company’s stock, valued at approximately $2,051,000.

A number of other institutional investors have also recently bought and sold shares of the business. Stratos Wealth Partners LTD. increased its position in Teledyne Technologies by 4.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company’s stock worth $232,000 after buying an additional 21 shares during the last quarter. Metis Global Partners LLC increased its position in Teledyne Technologies by 1.6% during the third 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. Crumly & Associates Inc. increased its position in Teledyne Technologies by 3.8% during the third quarter. Crumly & Associates Inc. now owns 677 shares of the scientific and technical instruments company’s stock worth $296,000 after buying an additional 25 shares during the last quarter. Raymond James Trust N.A. increased its position in Teledyne Technologies by 4.8% during the third quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company’s stock worth $241,000 after buying an additional 25 shares during the last quarter. Finally, New York Life Investment Management LLC increased its position in Teledyne Technologies by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company’s stock worth $2,884,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Trading Down 1.7 %

Shares of NYSE:TDY opened at $483.04 on Friday. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $522.50. The stock has a market cap of $22.62 billion, a PE ratio of 28.03, a P/E/G ratio of 3.14 and a beta of 1.03. The business has a 50 day moving average of $490.91 and a 200-day moving average of $466.97. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.23 by $0.29. The business 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 firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $5.44 earnings per share. As a group, equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Insider Activity at Teledyne Technologies

In related news, COO George C. Bobb III sold 6,308 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $507.77, for a total value of $3,203,013.16. Following the completion of the sale, the chief operating officer now directly owns 10,482 shares in the company, valued at approximately $5,322,445.14. The trade was a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Cynthia Y. Belak sold 5,745 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $508.34, for a total value of $2,920,413.30. Following the completion of the sale, the vice president now owns 4,962 shares of the company’s stock, valued at approximately $2,522,383.08. This trade represents a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,596 shares of company stock worth $18,678,177. Company insiders own 2.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TDY shares. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. UBS Group began coverage on Teledyne Technologies in a report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $585.00 price objective on shares of Teledyne Technologies in a report on Wednesday, February 5th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $538.00.

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.