Vestmark Advisory Solutions Inc. Acquires 613 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Vestmark Advisory Solutions Inc. increased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,221 shares of the scientific and technical instruments company’s stock after purchasing an additional 613 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Teledyne Technologies were worth $3,222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TDY. Aristotle Capital Management LLC purchased a new position in shares of Teledyne Technologies in the third quarter valued at $698,325,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Teledyne Technologies by 26.3% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 929,995 shares of the scientific and technical instruments company’s stock valued at $379,977,000 after acquiring an additional 193,544 shares during the last quarter. JPMorgan Chase & Co. grew its position in Teledyne Technologies by 19.7% in the third quarter. JPMorgan Chase & Co. now owns 922,621 shares of the scientific and technical instruments company’s stock worth $376,965,000 after acquiring an additional 151,659 shares in the last quarter. Sei Investments Co. increased its stake in Teledyne Technologies by 35.6% during the third quarter. Sei Investments Co. now owns 300,028 shares of the scientific and technical instruments company’s stock worth $122,586,000 after acquiring an additional 78,699 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in Teledyne Technologies by 37,167.5% during the fourth quarter. International Assets Investment Management LLC now owns 72,299 shares of the scientific and technical instruments company’s stock valued at $32,266,000 after purchasing an additional 72,105 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Teledyne Technologies

In other 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 owns 67,288 shares in the company, valued at approximately $28,711,789.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.14% of the company’s stock.

Teledyne Technologies Trading Down 0.1 %

Shares of NYSE:TDY traded down $0.26 during trading on Friday, reaching $385.34. 386,120 shares of the company were exchanged, compared to its average volume of 343,099. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.29. The firm has a market capitalization of $18.26 billion, a PE ratio of 20.84, a P/E/G ratio of 2.66 and a beta of 1.04. The business’s fifty day simple moving average is $411.71 and its 200-day simple moving average is $413.52. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19.

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 for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $4.53 earnings per share. On average, research analysts anticipate that Teledyne Technologies Incorporated will post 19.34 EPS for the current year.

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.