Teledyne Technologies Incorporated (NYSE:TDY) Shares Purchased by Running Oak Capital LLC

Running Oak Capital LLC boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 19.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,250 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,319 shares during the quarter. Teledyne Technologies accounts for 1.8% of Running Oak Capital LLC’s portfolio, making the stock its 28th largest position. Running Oak Capital LLC’s holdings in Teledyne Technologies were worth $9,037,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Natixis Advisors L.P. increased its position in Teledyne Technologies by 4.8% in the 4th quarter. Natixis Advisors L.P. now owns 88,448 shares of the scientific and technical instruments company’s stock valued at $39,472,000 after acquiring an additional 4,011 shares during the period. Heritage Wealth Management LLC acquired a new position in shares of Teledyne Technologies during the 4th quarter valued at $365,000. FFT Wealth Management LLC acquired a new position in shares of Teledyne Technologies during the 4th quarter valued at $235,000. First Trust Direct Indexing L.P. increased its position in shares of Teledyne Technologies by 25.5% during the 4th quarter. First Trust Direct Indexing L.P. now owns 971 shares of the scientific and technical instruments company’s stock valued at $433,000 after purchasing an additional 197 shares during the period. Finally, Phraction Management LLC increased its position in shares of Teledyne Technologies by 12.4% during the 4th quarter. Phraction Management LLC now owns 6,282 shares of the scientific and technical instruments company’s stock valued at $2,804,000 after purchasing an additional 692 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Simon M. Lorne sold 2,200 shares of the stock in a transaction on 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 filing with the SEC, which is available through this hyperlink. In other Teledyne Technologies news, Director Kenneth C. Dahlberg sold 4,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the transaction, the director now directly owns 18,735 shares in the company, valued at $8,110,568.85. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Simon M. Lorne sold 2,200 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the transaction, the director now owns 67,288 shares in the company, valued at $28,711,789.60. The disclosure for this sale can be found here. 2.14% of the stock is owned by corporate insiders.

Teledyne Technologies Stock Up 0.7 %

Shares of Teledyne Technologies stock traded up $2.57 during midday trading on Thursday, hitting $385.60. The company’s stock had a trading volume of 356,379 shares, compared to its average volume of 240,597. The firm has a market capitalization of $18.27 billion, a P/E ratio of 20.82, a PEG ratio of 2.63 and a beta of 1.04. The stock has a 50-day simple moving average of $413.57 and a 200-day simple moving average of $413.88. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $448.19.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the business earned $4.53 EPS. The business’s quarterly revenue was down 2.4% on a year-over-year basis. As a group, sell-side analysts expect that Teledyne Technologies Incorporated will post 19.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.