Lido Advisors LLC Buys 314 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Lido Advisors LLC grew its position in Teledyne Technologies Incorporated (NYSE:TDY) by 12.8% during the 4th quarter, Holdings Channel reports. The firm owned 2,761 shares of the scientific and technical instruments company’s stock after purchasing an additional 314 shares during the quarter. Lido Advisors LLC’s holdings in Teledyne Technologies were worth $1,281,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Barclays PLC grew its stake in Teledyne Technologies by 4.9% during the third quarter. Barclays PLC now owns 102,490 shares of the scientific and technical instruments company’s stock worth $44,854,000 after buying an additional 4,765 shares during the last quarter. Anchor Investment Management LLC grew its position in Teledyne Technologies by 114.4% during the 3rd quarter. Anchor Investment Management LLC now owns 253 shares of the scientific and technical instruments company’s stock worth $111,000 after acquiring an additional 135 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Teledyne Technologies during the 3rd quarter worth approximately $39,000. Tidal Investments LLC raised its position in Teledyne Technologies by 26.7% in the 3rd quarter. Tidal Investments LLC now owns 5,486 shares of the scientific and technical instruments company’s stock valued at $2,401,000 after purchasing an additional 1,157 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in Teledyne Technologies by 14.1% in the third quarter. B. Riley Wealth Advisors Inc. now owns 4,543 shares of the scientific and technical instruments company’s stock worth $1,990,000 after purchasing an additional 563 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Up 2.7 %

Shares of NYSE:TDY opened at $478.77 on Friday. The company has a 50 day moving average of $479.25 and a 200-day moving average of $479.18. Teledyne Technologies Incorporated has a one year low of $380.63 and a one year high of $522.50. The stock has a market cap of $22.42 billion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 3.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.92 by $0.03. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the company posted $4.55 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Insider Transactions at Teledyne Technologies

In other news, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the transaction, the insider now directly owns 51,324 shares of the company’s stock, valued at $26,691,559.44. This trade represents a 6.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Melanie Susan Cibik sold 706 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total transaction of $367,091.76. Following the completion of the sale, the executive vice president now owns 26,529 shares of the company’s stock, valued at approximately $13,794,018.84. This represents a 2.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,413 shares of company stock worth $4,846,536. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Needham & Company LLC lowered their target price on Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. TD Securities reaffirmed a “buy” rating and issued a $550.00 target price on shares of Teledyne Technologies in a research note on Thursday, April 24th. Bank of America increased their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, March 17th. Finally, StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Monday, April 28th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Teledyne Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $542.50.

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.