551 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC acquired a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 551 shares of the scientific and technical instruments company’s stock, valued at approximately $241,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Teledyne Technologies by 1.9% in the 3rd quarter. State Street Corp now owns 2,040,896 shares of the scientific and technical instruments company’s stock valued at $893,219,000 after purchasing an additional 37,884 shares during the last quarter. Janus Henderson Group PLC grew its position in Teledyne Technologies by 0.6% in the third quarter. Janus Henderson Group PLC now owns 1,709,475 shares of the scientific and technical instruments company’s stock valued at $748,167,000 after acquiring an additional 9,368 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Teledyne Technologies by 17.8% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock worth $480,355,000 after acquiring an additional 186,849 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Teledyne Technologies by 3.5% in the second quarter. Earnest Partners LLC now owns 398,642 shares of the scientific and technical instruments company’s stock worth $154,665,000 after acquiring an additional 13,576 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Teledyne Technologies by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 375,265 shares of the scientific and technical instruments company’s stock valued at $145,594,000 after purchasing an additional 32,339 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Stock Performance

NYSE TDY opened at $475.05 on Friday. The company has a market capitalization of $22.14 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 3.29 and a beta of 1.01. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $492.00. The stock has a fifty day simple moving average of $467.79 and a 200 day simple moving average of $429.94.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.13. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the company posted $5.05 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Sell-side analysts expect that Teledyne Technologies Incorporated will post 19.45 EPS for the current year.

Insiders Place Their Bets

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 3,925 shares of Teledyne Technologies stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $490.50, for a total value of $1,925,212.50. Following the completion of the sale, the chairman now directly owns 171,802 shares in the company, valued at approximately $84,268,881. The trade was a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael T. Smith sold 2,025 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $478.25, for a total value of $968,456.25. Following the transaction, the director now owns 54,935 shares in the company, valued at $26,272,663.75. The trade was a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,025 shares of company stock worth $25,347,399. 2.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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