SG Americas Securities LLC purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,373 shares of the scientific and technical instruments company’s stock, valued at approximately $7,553,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Toronto Dominion Bank boosted its position in shares of Teledyne Technologies by 4.1% during the 1st quarter. Toronto Dominion Bank now owns 24,770 shares of the scientific and technical instruments company’s stock valued at $11,075,000 after acquiring an additional 968 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Teledyne Technologies by 4.5% in the first quarter. Nisa Investment Advisors LLC now owns 13,415 shares of the scientific and technical instruments company’s stock valued at $6,001,000 after buying an additional 575 shares during the last quarter. Barclays PLC lifted its position in Teledyne Technologies by 3.6% in the first quarter. Barclays PLC now owns 63,169 shares of the scientific and technical instruments company’s stock valued at $28,260,000 after buying an additional 2,202 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Teledyne Technologies by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 257,561 shares of the scientific and technical instruments company’s stock valued at $115,222,000 after buying an additional 3,476 shares during the last quarter. Finally, Pictet Asset Management SA lifted its position in Teledyne Technologies by 5.3% in the first quarter. Pictet Asset Management SA now owns 19,501 shares of the scientific and technical instruments company’s stock valued at $8,724,000 after buying an additional 989 shares during the last quarter. Institutional investors and hedge funds own 87.57% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday. The Goldman Sachs Group raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $423.00 to $495.00 in a research report on Monday, August 14th. Needham & Company LLC decreased their target price on shares of Teledyne Technologies from $470.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday, July 27th. Finally, Bank of America boosted their price target on shares of Teledyne Technologies from $533.00 to $565.00 in a research note on Thursday, May 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Teledyne Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $500.40.
Read Our Latest Analysis on TDY
Insider Buying and Selling
In related news, Director Schack Wesley W. Von sold 376 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $412.30, for a total value of $155,024.80. Following the completion of the transaction, the director now directly owns 11,967 shares of the company’s stock, valued at $4,933,994.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Schack Wesley W. Von sold 376 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $412.30, for a total value of $155,024.80. Following the completion of the transaction, the director now directly owns 11,967 shares of the company’s stock, valued at $4,933,994.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Mehrabian sold 45,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $416.13, for a total value of $18,933,915.00. Following the completion of the transaction, the chief executive officer now directly owns 196,052 shares of the company’s stock, valued at $81,583,118.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,646 shares of company stock worth $25,717,295. Company insiders own 2.14% of the company’s stock.
Teledyne Technologies Stock Down 0.2 %
TDY stock opened at $415.04 on Friday. The company’s 50 day moving average price is $404.08 and its 200 day moving average price is $411.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.02 and a current ratio of 1.62. Teledyne Technologies Incorporated has a fifty-two week low of $325.00 and a fifty-two week high of $448.71. The firm has a market capitalization of $19.54 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 3.42 and a beta of 1.03.
Teledyne Technologies (NYSE:TDY – Get Free Report) last released its earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.63 by $0.04. Teledyne Technologies had a net margin of 13.75% and a return on equity of 10.90%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the firm earned $4.43 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Teledyne Technologies Incorporated will post 19.12 EPS for the current fiscal year.
About Teledyne Technologies
(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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