Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC increased its position in Teledyne Technologies Incorporated (NYSE:TDY) by 22.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,037 shares of the scientific and technical instruments company’s stock after buying an additional 369 shares during the period. Park Avenue Securities LLC’s holdings in Teledyne Technologies were worth $945,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TDY. Wolff Wiese Magana LLC purchased a new stake in Teledyne Technologies in the third quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new stake in Teledyne Technologies in the third quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB purchased a new stake in Teledyne Technologies in the third quarter valued at approximately $39,000. Quarry LP grew its holdings in Teledyne Technologies by 706.3% in the second quarter. Quarry LP now owns 129 shares of the scientific and technical instruments company’s stock valued at $50,000 after purchasing an additional 113 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in Teledyne Technologies by 432.0% in the third quarter. Exchange Traded Concepts LLC now owns 133 shares of the scientific and technical instruments company’s stock valued at $58,000 after purchasing an additional 108 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Price Performance

TDY opened at $473.41 on Tuesday. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $492.00. The firm has a market cap of $22.06 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 2.85 and a beta of 1.01. 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 company has a fifty day simple moving average of $471.72 and a 200 day simple moving average of $444.32.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.13. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm earned $5.05 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. Equities research analysts expect that Teledyne Technologies Incorporated will post 19.45 EPS for the current fiscal year.

Insiders Place Their Bets

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

Analyst Ratings Changes

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

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.