First Trust Direct Indexing L.P. Grows Stake in Teledyne Technologies Incorporated (NYSE:TDY)

First Trust Direct Indexing L.P. lifted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 25.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 971 shares of the scientific and technical instruments company’s stock after acquiring an additional 197 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Teledyne Technologies were worth $433,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC bought a new position in Teledyne Technologies in the 4th quarter worth $28,000. CVA Family Office LLC bought a new position in Teledyne Technologies in the fourth quarter worth about $31,000. Anchor Investment Management LLC bought a new position in Teledyne Technologies in the fourth quarter worth about $45,000. Cary Street Partners Investment Advisory LLC bought a new stake in Teledyne Technologies during the 3rd quarter valued at approximately $44,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of Teledyne Technologies by 63.2% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock worth $49,000 after acquiring an additional 43 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TDY. Needham & Company LLC lowered their target price on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. StockNews.com downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. TD Cowen lowered their price target on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, Bank of America cut shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $490.00 to $400.00 in a report on Friday, April 26th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $470.83.

Teledyne Technologies Stock Down 0.1 %

NYSE:TDY opened at $385.34 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.29 and a current ratio of 1.81. The firm has a market cap of $18.26 billion, a P/E ratio of 20.84, a P/E/G ratio of 2.66 and a beta of 1.04. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $448.19. The firm has a 50-day simple moving average of $411.71 and a two-hundred day simple moving average of $413.65.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share for the quarter, missing the consensus estimate of $4.63 by ($0.08). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.39 billion. Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. Teledyne Technologies’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the business earned $4.53 EPS. Analysts predict that Teledyne Technologies Incorporated will post 19.34 earnings per share for the current fiscal year.

Insider Activity

In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.88% of the company’s stock.

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.