Fullcircle Wealth LLC Makes New Investment in Teledyne Technologies Incorporated (NYSE:TDY)

Fullcircle Wealth LLC acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 440 shares of the scientific and technical instruments company’s stock, valued at approximately $220,000.

Several other institutional investors have also recently modified their holdings of the company. Stratos Wealth Partners LTD. increased its holdings in Teledyne Technologies by 4.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company’s stock worth $232,000 after buying an additional 21 shares during the period. Ironwood Investment Management LLC increased its stake in shares of Teledyne Technologies by 0.8% in the fourth quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company’s stock worth $1,335,000 after acquiring an additional 22 shares during the period. Keel Point LLC raised its holdings in shares of Teledyne Technologies by 4.5% during the fourth quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company’s stock worth $247,000 after purchasing an additional 23 shares during the last quarter. New York Life Investment Management LLC lifted its position in Teledyne Technologies by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company’s stock valued at $2,884,000 after purchasing an additional 25 shares during the period. Finally, Allworth Financial LP boosted its holdings in Teledyne Technologies by 15.1% in the fourth quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company’s stock valued at $105,000 after purchasing an additional 27 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Teledyne Technologies

In other news, EVP Melanie Susan Cibik sold 706 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total value of $367,091.76. Following the transaction, the executive vice president now owns 26,529 shares in the company, valued at $13,794,018.84. This trade represents a 2.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $520.06, for a total value of $1,924,222.00. Following the sale, the insider now owns 51,324 shares of the company’s stock, valued at $26,691,559.44. The trade was a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TDY has been the subject of a number of recent research reports. Bank of America lifted their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, March 17th. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Monday, April 28th. Needham & Company LLC dropped their price objective on shares of Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Finally, TD Securities reiterated a “buy” rating and issued a $550.00 target price on shares of Teledyne Technologies in a research note on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $542.50.

Teledyne Technologies Stock Down 0.1 %

Shares of TDY opened at $481.21 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. The firm has a market cap of $22.55 billion, a P/E ratio of 27.93, a PEG ratio of 3.14 and a beta of 1.06. The stock’s 50 day moving average is $477.03 and its two-hundred day moving average is $480.06. Teledyne Technologies Incorporated has a 12 month low of $380.63 and a 12 month high of $522.50.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, topping 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 analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm earned $4.55 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal 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.