834 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Purchased by US Asset Management LLC

US Asset Management LLC acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the fourth quarter, HoldingsChannel reports. The firm acquired 834 shares of the scientific and technical instruments company’s stock, valued at approximately $372,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC increased its stake in shares of Teledyne Technologies by 0.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 14,349 shares of the scientific and technical instruments company’s stock valued at $5,863,000 after acquiring an additional 119 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Teledyne Technologies by 24.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 2,620 shares of the scientific and technical instruments company’s stock worth $1,070,000 after buying an additional 507 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in Teledyne Technologies during the third quarter valued at about $330,000. Mackenzie Financial Corp raised its holdings in shares of Teledyne Technologies by 2.1% in the 3rd quarter. Mackenzie Financial Corp now owns 4,121 shares of the scientific and technical instruments company’s stock worth $1,646,000 after purchasing an additional 83 shares during the period. Finally, IFM Investors Pty Ltd grew its holdings in shares of Teledyne Technologies by 1.9% during the 3rd quarter. IFM Investors Pty Ltd now owns 8,898 shares of the scientific and technical instruments company’s stock worth $3,636,000 after purchasing an additional 163 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Transactions at Teledyne Technologies

In related news, Director Simon M. Lorne sold 2,200 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $426.70, for a total value of $938,740.00. Following the sale, the director now owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.88% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Teledyne Technologies Stock Up 0.2 %

NYSE TDY traded up $0.90 during trading hours on Thursday, reaching $392.62. 190,070 shares of the company traded hands, compared to its average volume of 240,455. The stock has a market capitalization of $18.60 billion, a PE ratio of 21.23, a PEG ratio of 2.66 and a beta of 1.04. The company has a 50 day moving average of $408.99 and a two-hundred day moving average of $413.36. 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 Incorporated has a 12 month low of $355.41 and a 12 month high of $448.19.

Teledyne Technologies (NYSE:TDY) last announced 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 the consensus estimate of $4.63 by ($0.08). The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.39 billion. Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.53 EPS. As a group, equities analysts expect 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.