452 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Bought by Raymond James Trust N.A.

Raymond James Trust N.A. purchased a new position in Teledyne Technologies Incorporated (NYSE:TDYFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 452 shares of the scientific and technical instruments company’s stock, valued at approximately $202,000.

Other hedge funds also recently modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new stake in Teledyne Technologies in the fourth quarter valued at about $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Teledyne Technologies during the third quarter valued at about $28,000. Benjamin Edwards Inc. boosted its stake in shares of Teledyne Technologies by 137.9% during the second quarter. Benjamin Edwards Inc. now owns 69 shares of the scientific and technical instruments company’s stock valued at $28,000 after purchasing an additional 40 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Teledyne Technologies during the fourth quarter valued at about $45,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Teledyne Technologies during the third quarter valued at about $44,000. Institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

TDY has been the topic of a number of recent research reports. Needham & Company LLC cut their price target on Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teledyne Technologies presently has an average rating of “Buy” and a consensus target price of $515.67.

Check Out Our Latest Research Report on TDY

Insider Buying and Selling

In related news, Director Kenneth C. Dahlberg sold 4,000 shares of Teledyne Technologies stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $432.91, for a total value of $1,731,640.00. Following the transaction, the director now directly owns 18,735 shares of the company’s stock, valued at $8,110,568.85. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Teledyne Technologies news, Director Kenneth C. Dahlberg sold 4,000 shares of Teledyne Technologies stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $432.91, for a total value of $1,731,640.00. Following the completion of the sale, the director now directly owns 18,735 shares in the company, valued at $8,110,568.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Simon M. Lorne sold 2,200 shares of Teledyne Technologies stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $426.70, for a total value of $938,740.00. Following the completion of the sale, the director now owns 67,288 shares of the company’s stock, valued at $28,711,789.60. The disclosure for this sale can be found here. Insiders have sold a total of 6,711 shares of company stock valued at $2,890,621 over the last ninety days. 2.14% of the stock is owned by company insiders.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $429.32 on Thursday. The stock’s 50 day moving average is $426.88 and its 200 day moving average is $415.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.69 and a quick ratio of 1.17. The firm has a market cap of $20.34 billion, a P/E ratio of 23.21, a P/E/G ratio of 2.72 and a beta of 1.02. Teledyne Technologies Incorporated has a one year low of $364.98 and a one year high of $448.71.

Teledyne Technologies (NYSE:TDYGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.40. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.46 billion. Teledyne Technologies had a return on equity of 10.81% and a net margin of 15.72%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.94 earnings per share. As a group, research analysts expect that Teledyne Technologies Incorporated will post 20.56 EPS for the current year.

Teledyne Technologies Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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