Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its position in Teledyne Technologies Incorporated (NYSE:TDY) by 22.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,037 shares of the scientific and technical instruments company’s stock after acquiring an additional 369 shares during the quarter. Park Avenue Securities LLC’s holdings in Teledyne Technologies were worth $945,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wolff Wiese Magana LLC acquired a new position in shares of Teledyne Technologies in the 3rd quarter worth approximately $27,000. Brooklyn Investment Group acquired a new position in shares of Teledyne Technologies in the 3rd quarter worth approximately $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Teledyne Technologies in the 3rd quarter worth approximately $39,000. Quarry LP boosted its position in Teledyne Technologies by 706.3% during the 2nd quarter. Quarry LP now owns 129 shares of the scientific and technical instruments company’s stock valued at $50,000 after purchasing an additional 113 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in Teledyne Technologies by 432.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 133 shares of the scientific and technical instruments company’s stock valued at $58,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Transactions at Teledyne Technologies

In other news, Chairman Robert Mehrabian sold 46,075 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $487.33, for a total value of $22,453,729.75. Following the sale, the chairman now owns 171,802 shares of the company’s stock, valued at approximately $83,724,268.66. The trade was a 21.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jason Vanwees sold 1,500 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $488.71, for a total value of $733,065.00. Following the completion of the sale, the insider now directly owns 2,900 shares in the company, valued at $1,417,259. This represents a 34.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,525 shares of company stock valued at $26,080,464. Corporate insiders own 1.88% of the company’s stock.

Teledyne Technologies Trading Up 0.3 %

Shares of TDY stock opened at $473.41 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $492.00. The stock has a fifty day moving average of $471.72 and a two-hundred day moving average of $444.32. The firm has a market capitalization of $22.06 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the firm posted $5.05 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, research analysts expect that Teledyne Technologies Incorporated will post 19.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group assumed coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price objective for the company. TD Cowen boosted their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $450.00 to $550.00 in a research report on Friday, November 8th. Needham & Company LLC boosted their price objective 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, StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $531.00.

Teledyne Technologies 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.