Sequoia Financial Advisors LLC Purchases 262 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Sequoia Financial Advisors LLC increased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 34.2% during the 4th quarter, HoldingsChannel reports. The firm owned 1,029 shares of the scientific and technical instruments company’s stock after buying an additional 262 shares during the period. Sequoia Financial Advisors LLC’s holdings in Teledyne Technologies were worth $459,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Teledyne Technologies during the third quarter valued at approximately $28,000. Bruce G. Allen Investments LLC purchased a new stake in Teledyne Technologies during the 4th quarter valued at $28,000. Benjamin Edwards Inc. lifted its position in Teledyne Technologies by 137.9% in the second quarter. Benjamin Edwards Inc. now owns 69 shares of the scientific and technical instruments company’s stock worth $28,000 after buying an additional 40 shares during the last quarter. CVA Family Office LLC purchased a new position in Teledyne Technologies during the fourth quarter worth $31,000. Finally, Cary Street Partners Investment Advisory LLC bought a new position in Teledyne Technologies during the third quarter valued at $44,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

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

Teledyne Technologies Stock Down 0.2 %

NYSE:TDY opened at $400.27 on Thursday. The company has a market cap of $18.97 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 2.58 and a beta of 1.02. Teledyne Technologies Incorporated has a twelve month low of $364.98 and a twelve month high of $448.19. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $422.58 and a 200-day simple moving average of $415.20.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 EPS for the quarter, topping the consensus estimate of $5.04 by $0.40. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.46 billion. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.94 EPS. Analysts anticipate that Teledyne Technologies Incorporated will post 20.56 EPS for the current year.

Insider Activity

In related news, Director Simon M. Lorne sold 2,200 shares of the 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 transaction, the director now owns 67,288 shares of the company’s stock, valued at $28,711,789.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Teledyne Technologies news, Director Michael T. Smith sold 511 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $431.00, for a total transaction of $220,241.00. Following the transaction, the director now owns 56,492 shares of the company’s stock, valued at approximately $24,348,052. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Simon M. Lorne sold 2,200 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $426.70, for a total transaction of $938,740.00. Following the completion of the sale, the director now owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,711 shares of company stock valued at $2,890,621. Corporate insiders own 1.88% of the company’s stock.

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.