Teledyne Technologies Incorporated (NYSE:TDY) Shares Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its position in Teledyne Technologies Incorporated (NYSE:TDY) by 18.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 922 shares of the scientific and technical instruments company’s stock after acquiring an additional 141 shares during the period. Atria Wealth Solutions Inc.’s holdings in Teledyne Technologies were worth $411,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC grew its position in shares of Teledyne Technologies by 18.0% in the third quarter. Barclays PLC now owns 99,504 shares of the scientific and technical instruments company’s stock valued at $40,656,000 after purchasing an additional 15,169 shares during the period. First Citizens Bank & Trust Co. acquired a new position in shares of Teledyne Technologies during the 4th quarter valued at about $2,325,000. Grandfield & Dodd LLC increased its stake in shares of Teledyne Technologies by 11.2% during the 4th quarter. Grandfield & Dodd LLC now owns 30,894 shares of the scientific and technical instruments company’s stock valued at $13,788,000 after acquiring an additional 3,111 shares during the last quarter. Metis Global Partners LLC boosted its position in shares of Teledyne Technologies by 21.5% in the third quarter. Metis Global Partners LLC now owns 1,715 shares of the scientific and technical instruments company’s stock worth $701,000 after acquiring an additional 303 shares during the last quarter. Finally, WCM Investment Management LLC purchased a new stake in Teledyne Technologies in the fourth quarter valued at approximately $934,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

TDY stock opened at $390.44 on Tuesday. The firm has a market cap of $18.50 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 2.66 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.29 and a current ratio of 1.81. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $448.19. The stock has a 50-day simple moving average of $410.99 and a 200-day simple moving average of $413.62.

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

Insider Buying and Selling

In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were 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 directly owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

TDY has been the topic of a number of recent analyst reports. Needham & Company LLC cut their price target on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Bank of America cut Teledyne Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $490.00 to $400.00 in a report on Friday, April 26th. TD Cowen dropped their price target on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Finally, StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Teledyne Technologies has an average rating of “Moderate Buy” and an average price target of $470.83.

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.