Everpar Advisors LLC Buys New Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Everpar Advisors LLC bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,003 shares of the scientific and technical instruments company’s stock, valued at approximately $894,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TDY. Bruce G. Allen Investments LLC acquired a new position in Teledyne Technologies in the 4th quarter valued at $28,000. CVA Family Office LLC acquired a new position in Teledyne Technologies in the 4th quarter valued at $31,000. Cary Street Partners Investment Advisory LLC acquired a new position in Teledyne Technologies in the 3rd quarter valued at $44,000. Anchor Investment Management LLC acquired a new position in Teledyne Technologies in the 4th quarter valued at $45,000. Finally, Householder Group Estate & Retirement Specialist LLC raised its holdings in Teledyne Technologies by 63.2% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock valued at $49,000 after acquiring an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TDY shares. Needham & Company LLC cut their price target on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a report on Thursday, April 25th. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Bank of America downgraded Teledyne Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $490.00 to $400.00 in a report on Friday, April 26th. Finally, TD Cowen dropped their price objective on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $470.83.

Insider Activity

In other news, Director Simon M. Lorne sold 2,200 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $426.70, for a total transaction of $938,740.00. Following the completion of the sale, the director now directly owns 67,288 shares in the company, valued at $28,711,789.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.88% of the company’s stock.

Teledyne Technologies Stock Down 0.3 %

Teledyne Technologies stock traded down $1.31 during trading on Wednesday, reaching $391.72. 199,961 shares of the company’s stock were exchanged, compared to its average volume of 240,978. The company’s 50-day moving average is $409.68 and its two-hundred day moving average is $413.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.29 and a current ratio of 1.81. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19. The firm has a market cap of $18.56 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 2.66 and a beta of 1.04.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the company posted $4.53 earnings per share. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, analysts predict that Teledyne Technologies Incorporated will post 19.34 earnings per share 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.