Daiwa Securities Group Inc. Boosts Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Daiwa Securities Group Inc. raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 4.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,365 shares of the scientific and technical instruments company’s stock after purchasing an additional 287 shares during the period. Daiwa Securities Group Inc.’s holdings in Teledyne Technologies were worth $2,841,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Baird Financial Group Inc. raised its position in Teledyne Technologies by 2.6% in the fourth quarter. Baird Financial Group Inc. now owns 944 shares of the scientific and technical instruments company’s stock valued at $378,000 after purchasing an additional 24 shares during the period. Allworth Financial LP raised its holdings in shares of Teledyne Technologies by 26.5% in the 3rd quarter. Allworth Financial LP now owns 129 shares of the scientific and technical instruments company’s stock valued at $53,000 after buying an additional 27 shares during the period. Great Lakes Advisors LLC raised its holdings in shares of Teledyne Technologies by 5.5% in the 3rd quarter. Great Lakes Advisors LLC now owns 540 shares of the scientific and technical instruments company’s stock valued at $221,000 after buying an additional 28 shares during the period. First Manhattan Co. raised its holdings in shares of Teledyne Technologies by 0.6% in the 4th quarter. First Manhattan Co. now owns 4,466 shares of the scientific and technical instruments company’s stock valued at $1,786,000 after buying an additional 28 shares during the period. Finally, Silvercrest Asset Management Group LLC increased its holdings in Teledyne Technologies by 0.8% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 3,611 shares of the scientific and technical instruments company’s stock worth $1,615,000 after purchasing an additional 29 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TDY shares. 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 report on Wednesday, January 24th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $515.67.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Kenneth C. Dahlberg sold 4,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the completion of the sale, the director now directly owns 18,735 shares of the company’s stock, valued at approximately $8,110,568.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Teledyne Technologies news, Director Kenneth C. Dahlberg sold 4,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the completion of the sale, the director now directly owns 18,735 shares of the company’s stock, valued at approximately $8,110,568.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 directly owns 67,288 shares of the company’s stock, valued at $28,711,789.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,711 shares of company stock valued at $2,890,621. 1.88% of the stock is owned by company insiders.

Teledyne Technologies Stock Up 0.3 %

Shares of NYSE TDY opened at $401.36 on Monday. The stock has a market cap of $19.02 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 2.58 and a beta of 1.02. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.29. Teledyne Technologies Incorporated has a 52-week low of $364.98 and a 52-week high of $448.19. The business has a 50-day moving average price of $420.68 and a 200 day moving average price of $415.19.

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

About Teledyne Technologies

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.