Achmea Investment Management B.V. lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 9,326.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,828 shares of the scientific and technical instruments company’s stock after buying an additional 2,798 shares during the period. Achmea Investment Management B.V.’s holdings in Teledyne Technologies were worth $1,163,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. CVA Family Office LLC purchased a new position in shares of Teledyne Technologies during the fourth quarter valued at approximately $30,000. TCI Wealth Advisors Inc. increased its position in Teledyne Technologies by 236.4% during the first quarter. TCI Wealth Advisors Inc. now owns 74 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 52 shares during the last quarter. Beacon Capital Management LLC acquired a new position in Teledyne Technologies during the first quarter worth approximately $41,000. Clear Street Markets LLC increased its position in Teledyne Technologies by 91.7% during the first quarter. Clear Street Markets LLC now owns 92 shares of the scientific and technical instruments company’s stock worth $41,000 after purchasing an additional 44 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in Teledyne Technologies by 100.0% during the first quarter. Massmutual Trust Co. FSB ADV now owns 104 shares of the scientific and technical instruments company’s stock worth $47,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 87.57% of the company’s stock.
Insider Activity at Teledyne Technologies
In related news, CFO Sue Main sold 770 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $420.28, for a total transaction of $323,615.60. Following the completion of the sale, the chief financial officer now directly owns 40,113 shares of the company’s stock, valued at approximately $16,858,691.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Sue Main sold 770 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $420.28, for a total transaction of $323,615.60. Following the completion of the sale, the chief financial officer now directly owns 40,113 shares of the company’s stock, valued at approximately $16,858,691.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Melanie Susan Cibik sold 13,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $422.40, for a total transaction of $5,491,200.00. Following the sale, the vice president now directly owns 27,305 shares of the company’s stock, valued at $11,533,632. The disclosure for this sale can be found here. In the last three months, insiders sold 61,646 shares of company stock valued at $25,717,295. Corporate insiders own 2.14% of the company’s stock.
Teledyne Technologies Price Performance
Teledyne Technologies stock opened at $401.42 on Monday. Teledyne Technologies Incorporated has a 52-week low of $325.00 and a 52-week high of $448.71. The firm has a fifty day moving average of $404.99 and a 200-day moving average of $410.03. The firm has a market capitalization of $18.90 billion, a P/E ratio of 24.96, a PEG ratio of 3.30 and a beta of 1.02. The company has a quick ratio of 1.02, a current ratio of 1.62 and a debt-to-equity ratio of 0.34.
Teledyne Technologies (NYSE:TDY – Get Free Report) last released its quarterly earnings data on Wednesday, July 26th. The scientific and technical instruments company reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.04. Teledyne Technologies had a net margin of 13.75% and a return on equity of 10.90%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the business earned $4.43 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that Teledyne Technologies Incorporated will post 19.11 EPS for the current year.
Analyst Ratings Changes
TDY has been the subject of several research analyst reports. StockNews.com initiated coverage on shares of Teledyne Technologies in a research report on Thursday. They set a “hold” rating for the company. The Goldman Sachs Group raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $423.00 to $495.00 in a research report on Monday, August 14th. UBS Group initiated coverage on shares of Teledyne Technologies in a research report on Wednesday, September 27th. They set a “buy” rating and a $495.00 price target for the company. Needham & Company LLC dropped their price target on shares of Teledyne Technologies from $470.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday, July 27th. Finally, BNP Paribas initiated coverage on shares of Teledyne Technologies in a research report on Thursday. They set an “outperform” rating and a $530.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $503.86.
View Our Latest Analysis on TDY
Teledyne Technologies Company Profile
(Free Report)
Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, France, and internationally. The company’s Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.
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