US Asset Management LLC Buys New Shares in Teledyne Technologies Incorporated (NYSE:TDY)

US Asset Management LLC bought a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 834 shares of the scientific and technical instruments company’s stock, valued at approximately $372,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Norden Group LLC grew its stake in Teledyne Technologies by 1.2% during the fourth quarter. Norden Group LLC now owns 2,149 shares of the scientific and technical instruments company’s stock valued at $959,000 after acquiring an additional 25 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Teledyne Technologies by 26.5% in the third quarter. Allworth Financial LP now owns 129 shares of the scientific and technical instruments company’s stock valued at $53,000 after purchasing an additional 27 shares in the last quarter. Great Lakes Advisors LLC increased its position in Teledyne Technologies by 5.5% in the third quarter. Great Lakes Advisors LLC now owns 540 shares of the scientific and technical instruments company’s stock worth $221,000 after purchasing an additional 28 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Teledyne Technologies by 0.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 3,669 shares of the scientific and technical instruments company’s stock valued at $1,499,000 after purchasing an additional 32 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Teledyne Technologies by 3.0% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,089 shares of the scientific and technical instruments company’s stock worth $445,000 after buying an additional 32 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TDY has been the topic of several analyst reports. TD Cowen reduced their price objective on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Needham & Company LLC dropped their price objective on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. StockNews.com downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, Bank of America downgraded shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and decreased 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 given a buy rating to the company’s stock. Based on data from MarketBeat, Teledyne Technologies has an average rating of “Moderate Buy” and a consensus target price of $470.83.

Insider Buying and Selling at Teledyne Technologies

In other news, Director Simon M. Lorne sold 2,200 shares of the company’s 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 transaction, the director now directly owns 67,288 shares of the company’s stock, valued at $28,711,789.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.88% of the company’s stock.

Teledyne Technologies Stock Up 0.2 %

Shares of Teledyne Technologies stock traded up $0.90 during trading on Thursday, hitting $392.62. 190,070 shares of the stock traded hands, compared to its average volume of 240,455. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19. The stock’s fifty day simple moving average is $408.99 and its 200 day simple moving average is $413.36. The firm has a market cap of $18.60 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 2.66 and a beta of 1.04. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.28.

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