Czech National Bank Grows Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Czech National Bank grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,105 shares of the scientific and technical instruments company’s stock after buying an additional 575 shares during the period. Czech National Bank’s holdings in Teledyne Technologies were worth $4,690,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Teledyne Technologies by 17.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock valued at $480,355,000 after acquiring an additional 186,849 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Teledyne Technologies by 44,457.2% during the 3rd quarter. International Assets Investment Management LLC now owns 73,965 shares of the scientific and technical instruments company’s stock valued at $32,372,000 after purchasing an additional 73,799 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Teledyne Technologies by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock valued at $503,338,000 after buying an additional 64,617 shares during the period. Millennium Management LLC raised its stake in Teledyne Technologies by 88.4% in the second quarter. Millennium Management LLC now owns 127,752 shares of the scientific and technical instruments company’s stock worth $49,565,000 after buying an additional 59,942 shares in the last quarter. Finally, State Street Corp lifted its holdings in Teledyne Technologies by 1.9% in the third quarter. State Street Corp now owns 2,040,896 shares of the scientific and technical instruments company’s stock worth $893,219,000 after buying an additional 37,884 shares during the period. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 0.7 %

Teledyne Technologies stock opened at $469.31 on Thursday. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $492.00. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28. The business’s fifty day simple moving average is $472.42 and its two-hundred day simple moving average is $442.08. The company has a market capitalization of $21.87 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 3.30 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. Teledyne Technologies’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.05 EPS. As a group, equities analysts predict that Teledyne Technologies Incorporated will post 19.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. UBS Group started coverage on Teledyne Technologies in a report on Tuesday, December 10th. They set a “buy” rating and a $585.00 target price on the stock. Needham & Company LLC upped their price target on Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. TD Cowen raised their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Buy” and a consensus target price of $531.00.

Insider Activity

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 46,075 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the sale, the chairman now directly owns 171,802 shares in the company, valued at approximately $83,724,268.66. This trade represents a 21.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jason Vanwees sold 1,500 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $488.71, for a total value of $733,065.00. Following the completion of the transaction, the insider now owns 2,900 shares of the company’s stock, valued at $1,417,259. This represents a 34.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,525 shares of company stock worth $26,080,464 over the last 90 days. 1.88% of the stock is currently owned by insiders.

Teledyne Technologies Company 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.