Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 27.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,138 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,948 shares during the period. Russell Investments Group Ltd.’s holdings in Teledyne Technologies were worth $8,083,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its position in Teledyne Technologies by 0.8% during the third quarter. Commonwealth Equity Services LLC now owns 14,349 shares of the scientific and technical instruments company’s stock valued at $5,863,000 after acquiring an additional 119 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Teledyne Technologies by 24.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 2,620 shares of the scientific and technical instruments company’s stock worth $1,070,000 after purchasing an additional 507 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in Teledyne Technologies during the 3rd quarter worth approximately $330,000. Mackenzie Financial Corp raised its holdings in Teledyne Technologies by 2.1% in the third quarter. Mackenzie Financial Corp now owns 4,121 shares of the scientific and technical instruments company’s stock valued at $1,646,000 after buying an additional 83 shares during the period. Finally, IFM Investors Pty Ltd lifted its position in Teledyne Technologies by 1.9% during the third quarter. IFM Investors Pty Ltd now owns 8,898 shares of the scientific and technical instruments company’s stock valued at $3,636,000 after buying an additional 163 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Simon M. Lorne sold 2,200 shares of the 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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.88% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Teledyne Technologies Stock Up 0.7 %

Shares of Teledyne Technologies stock opened at $393.03 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.29. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $448.19. The business has a 50-day moving average of $410.36 and a 200-day moving average of $413.66. The company has a market capitalization of $18.62 billion, a PE ratio of 21.26, a P/E/G ratio of 2.66 and a beta of 1.04.

Teledyne Technologies (NYSE:TDY) last posted 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). The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. Teledyne Technologies’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.53 earnings per share. As a group, equities analysts forecast that Teledyne Technologies Incorporated will post 19.34 EPS for the current fiscal year.

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.