UBS Asset Management Americas Inc. Has $47.67 Million Stake in Teledyne Technologies Incorporated (NYSE:TDY)

UBS Asset Management Americas Inc. lifted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 141,249 shares of the scientific and technical instruments company’s stock after buying an additional 2,855 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.30% of Teledyne Technologies worth $47,667,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Utah Retirement Systems grew its position in Teledyne Technologies by 1.7% in the 3rd quarter. Utah Retirement Systems now owns 8,318 shares of the scientific and technical instruments company’s stock valued at $2,807,000 after purchasing an additional 137 shares during the period. Vanguard Group Inc. boosted its holdings in Teledyne Technologies by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,223,747 shares of the scientific and technical instruments company’s stock worth $1,762,859,000 after acquiring an additional 47,594 shares during the last quarter. Palisade Capital Management LLC NJ boosted its holdings in Teledyne Technologies by 12.9% during the 3rd quarter. Palisade Capital Management LLC NJ now owns 26,925 shares of the scientific and technical instruments company’s stock worth $9,086,000 after acquiring an additional 3,069 shares during the last quarter. Pathstone Family Office LLC boosted its holdings in Teledyne Technologies by 32.3% during the 3rd quarter. Pathstone Family Office LLC now owns 1,384 shares of the scientific and technical instruments company’s stock worth $467,000 after acquiring an additional 338 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in Teledyne Technologies by 2.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 142,203 shares of the scientific and technical instruments company’s stock worth $47,989,000 after acquiring an additional 3,446 shares during the last quarter. Institutional investors and hedge funds own 91.10% of the company’s stock.

Teledyne Technologies Stock Down 2.0 %

TDY stock opened at $412.55 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.85 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $19.39 billion, a PE ratio of 24.96, a PEG ratio of 3.17 and a beta of 1.08. Teledyne Technologies Incorporated has a twelve month low of $325.00 and a twelve month high of $493.97. The stock has a 50-day simple moving average of $423.82 and a two-hundred day simple moving average of $397.83.

Teledyne Technologies (NYSE:TDY – Get Rating) last issued its quarterly earnings data on Wednesday, January 25th. The scientific and technical instruments company reported $4.94 EPS for the quarter, topping the consensus estimate of $4.54 by $0.40. Teledyne Technologies had a return on equity of 11.00% and a net margin of 14.45%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the firm earned $4.56 earnings per share. Teledyne Technologies’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts predict that Teledyne Technologies Incorporated will post 19.18 EPS for the current fiscal year.

Insider Transactions at Teledyne Technologies

In other news, CEO Robert Mehrabian sold 3,400 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $440.17, for a total transaction of $1,496,578.00. Following the completion of the transaction, the chief executive officer now owns 196,052 shares of the company’s stock, valued at $86,296,208.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Teledyne Technologies news, CEO Robert Mehrabian sold 3,400 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $440.17, for a total value of $1,496,578.00. Following the completion of the sale, the chief executive officer now owns 196,052 shares of the company’s stock, valued at $86,296,208.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sue Main sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $420.03, for a total value of $3,780,270.00. Following the completion of the sale, the chief financial officer now directly owns 39,349 shares of the company’s stock, valued at approximately $16,527,760.47. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,210 shares of company stock valued at $14,208,344. 2.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Needham & Company LLC lifted their target price on Teledyne Technologies from $472.00 to $498.00 and gave the stock a “buy” rating in a research note on Thursday, January 26th. Morgan Stanley upgraded Teledyne Technologies from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $445.00 to $488.00 in a research note on Monday, December 12th. Finally, Credit Suisse Group assumed coverage on Teledyne Technologies in a research note on Monday, December 12th. They set an “outperform” rating and a $503.00 target price on the stock. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $496.33.

Teledyne Technologies Profile

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Teledyne Technologies, Inc engages in the provision of electronic and communication products for wireless and satellite systems. It operates through the following business segments: Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. The Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial, and other applications, and electronic test and measurement equipment.