Sei Investments Co. boosted its stake in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,514 shares of the scientific and technical instruments company’s stock after buying an additional 17,295 shares during the quarter. Sei Investments Co. owned approximately 0.85% of Teledyne Technologies worth $234,717,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC acquired a new position in Teledyne Technologies during the third quarter worth $26,000. SBI Securities Co. Ltd. grew its holdings in shares of Teledyne Technologies by 75.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock worth $26,000 after purchasing an additional 22 shares during the last quarter. Rexford Capital Inc. acquired a new stake in shares of Teledyne Technologies during the 2nd quarter worth about $29,000. Banque Cantonale Vaudoise bought a new position in Teledyne Technologies during the 3rd quarter valued at about $43,000. Finally, TruNorth Capital Management LLC bought a new position in Teledyne Technologies during the 3rd quarter valued at about $46,000. 91.58% of the stock is currently owned by institutional investors.
Teledyne Technologies Trading Down 1.3%
Shares of NYSE TDY opened at $647.15 on Friday. Teledyne Technologies Incorporated has a 1-year low of $419.00 and a 1-year high of $693.38. The company has a market cap of $29.97 billion, a PE ratio of 34.22, a P/E/G ratio of 3.24 and a beta of 0.99. The company has a current ratio of 1.64, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $624.68 and a two-hundred day moving average of $565.62.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on TDY. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Stifel Nicolaus boosted their target price on Teledyne Technologies from $645.00 to $720.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Barclays increased their price target on Teledyne Technologies from $579.00 to $599.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Citigroup raised their price target on Teledyne Technologies from $567.00 to $604.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Finally, Jefferies Financial Group lifted their price objective on Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $650.33.
Check Out Our Latest Stock Report on TDY
Insider Buying and Selling at Teledyne Technologies
In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $630.92, for a total transaction of $3,154,600.00. Following the transaction, the insider owned 51,025 shares of the company’s stock, valued at approximately $32,192,693. This represents a 8.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael T. Smith sold 2,469 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $621.00, for a total value of $1,533,249.00. Following the completion of the transaction, the director owned 47,328 shares in the company, valued at $29,390,688. The trade was a 4.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 11,500 shares of company stock worth $7,214,750. Company insiders own 1.50% of the company’s stock.
Teledyne Technologies Company Profile
Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.
The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.
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