Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. increased its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 51.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 670 shares of the scientific and technical instruments company’s stock after acquiring an additional 227 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Teledyne Technologies were worth $299,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Teledyne Technologies by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,440,032 shares of the scientific and technical instruments company’s stock valued at $2,222,688,000 after buying an additional 13,645 shares during the period. Aristotle Capital Management LLC acquired a new position in Teledyne Technologies during the 3rd quarter worth approximately $698,325,000. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Teledyne Technologies by 26.3% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 929,995 shares of the scientific and technical instruments company’s stock valued at $379,977,000 after purchasing an additional 193,544 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Teledyne Technologies by 19.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 922,621 shares of the scientific and technical instruments company’s stock valued at $376,965,000 after purchasing an additional 151,659 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Teledyne Technologies by 8.0% during the 3rd quarter. Northern Trust Corp now owns 509,879 shares of the scientific and technical instruments company’s stock worth $208,326,000 after purchasing an additional 37,720 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TDY shares. Bank of America cut Teledyne Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $490.00 to $400.00 in a research report on Friday, April 26th. Needham & Company LLC dropped their price objective on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, TD Cowen dropped their price target on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Two research 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 has an average rating of “Moderate Buy” and an average price target of $470.83.

Insider Buying and Selling

In other news, Director Simon M. Lorne sold 2,200 shares of Teledyne Technologies stock in a transaction that occurred on 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 directly owns 67,288 shares in the company, valued at approximately $28,711,789.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.88% of the stock is currently owned by corporate insiders.

Teledyne Technologies Stock Performance

NYSE TDY opened at $392.62 on Friday. The business’s 50-day moving average price is $408.99 and its 200 day moving average price is $413.36. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. The firm has a market cap of $18.60 billion, a P/E ratio of 21.23, a P/E/G ratio of 2.66 and a beta of 1.04. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing the consensus estimate of $4.63 by ($0.08). The company 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 last year, the company earned $4.53 EPS. On average, equities research analysts expect that Teledyne Technologies Incorporated will post 19.34 earnings per share for the current 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.