Teledyne Technologies Incorporated (NYSE:TDY) Stock Position Increased by Captrust Financial Advisors

Captrust Financial Advisors grew its position in Teledyne Technologies Incorporated (NYSE:TDY) by 25.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,559 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,926 shares during the period. Captrust Financial Advisors’ holdings in Teledyne Technologies were worth $4,437,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Quarry LP acquired a new position in Teledyne Technologies during the 4th quarter valued at about $28,000. Hurley Capital LLC acquired a new position in shares of Teledyne Technologies during the fourth quarter valued at approximately $33,000. Ancora Advisors LLC raised its holdings in Teledyne Technologies by 192.3% during the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Teledyne Technologies in the third quarter worth approximately $39,000. Finally, Millstone Evans Group LLC bought a new position in Teledyne Technologies during the 4th quarter valued at $42,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TDY. Needham & Company LLC lowered their target price on Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Bank of America lifted their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Monday, March 17th. TD Securities reissued a “buy” rating and set a $550.00 target price on shares of Teledyne Technologies in a research note on Thursday, April 24th. Finally, StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Teledyne Technologies has a consensus rating of “Buy” and an average price target of $542.50.

Insider Buying and Selling at Teledyne Technologies

In other news, EVP Melanie Susan Cibik sold 706 shares of the 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Teledyne Technologies Stock Up 0.6 %

Shares of NYSE TDY opened at $484.62 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The company has a market cap of $22.71 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 3.14 and a beta of 1.06. Teledyne Technologies Incorporated has a 12-month low of $380.63 and a 12-month high of $522.50. The firm’s 50-day simple moving average is $476.89 and its 200 day simple moving average is $480.34.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, topping analysts’ consensus estimates of $4.92 by $0.03. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.55 earnings per share. On average, research analysts expect 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.